4731 SE 40TH AVE Portland, OR $ 799,000
4731 SE 40TH AVE
$ 799,000
Recently Listed
Open House 6/20 2pm - 4pm
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4731 SE 40TH AVE

Portland, OR, 97202
$ 799,000
Bedrooms5 Baths3.0 Sq 2,710

Monthly Estimate*

$ 4,920

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Single Family Home for sale in Portland, OR

for $799,000 with 5 bedrooms and 3 full baths. This 2,710 square foot home was built in 1907 on a lot size of 0.12.

Best of Old and New! This beautifully preserved 1907 farmhouse blends timeless character with thoughtful modern updates. Original charm shines throughout with high ceilings, built-ins, hardwood floors, tongue-and-groove ceilings, and classic beadboard details. The stylishly remodeled kitchen and stunning designer-inspired primary suite bring contemporary comfort to this historic home. With 5 bedrooms, 3 bathrooms, including a convenient Jack-and-Jill bath, and two full kitchens; there is room for everyone. A sliding glass door opens to a private deck overlooking a beautifully landscaped, fully fenced backyard oasis complete with a hot tub (new in 2023), fire pit gathering area, and lush lawn. The lower level is configured as a private living space with its own entrance, full kitchen, and flexible layout. Currently operating as a successful Airbnb, this space enjoys strong occupancy and offers excellent income-producing potential or an ideal setup for guests, multigenerational living, or a home office. A rare opportunity to enjoy historic farmhouse charm, modern amenities, and exceptional versatility all in one remarkable property in a coveted neighborhood!

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Open House

6/20/2026 2:00 PM - 4:00 PM
4731 SE 40TH AVE Portland, OR
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Single Family Active

Price

$ 799,000

Bedrooms

5

Full Bath

3

Property Type

Single Family

Taxes

$ 6,936

Style

Farmhouse

Lot Size

0.12

Year Built

1907

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

668277082

Features
Interior
Interior Amenities ConcreteFloor HardwoodFloors HighCeilings SeparateLivingQuartersApartmentAuxLivingUnit Skylight TileFloor Wainscoting WalltoWallCarpet WasherDryer
Basement Finished SeparateLivingQuartersApartmentAuxLivingUnit
Hot Water Gas
Total Bathrooms 3.0
Total Bedrooms 5
Total Baths 3
1/2 Baths 0
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General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Appliances BuiltinRange BuiltinRefrigerator Dishwasher GasAppliances Island Tile
Garage Spaces 0
Architectural Style Farmhouse
Year Built 1907
Stories Count 3
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number R172271
County Multnomah
Property Type Residential
HOA N
Subdivision Name REED/WOODSTOCK
Full Baths 3
Status Active
Directions Holgate to SE 40th Ave.
High School Cleveland
City Portland
Disclosures Disclosure
MLS Area _143
Lot Size Square Feet 5227.0
Listing Terms Cash Conventional
Elementary School Grout
Tax Annual Amount 6936.15
Middle/Junior High School Hosford
Property Condition Resale
Virtual Tour https://view.ricoh360.com/05bfcabe-a5bf-4d24-859e-8e18979a4ba1
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description GRACELAND BLOCK 4 LOT 4
ADU False
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Exterior
Exterior Amenities CoveredDeck DogRun Fenced Garden Porch Yard
Parking Features OnStreet
Lot Features Seasonal
Water Source PublicWater
Total Parking 0
Exterior Description CementSiding ShingleSiding
Building Area Total 2710.0
Lot Size Acres 0.12
Road Surface Type Paved
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Internal Only
Street Number 1 4731
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* Excluded Features
List By
Corcoran Prime

Broker

503-321-2000

Contact

Affordability Calculator

$5,498
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,920
Monthly Property Taxes
$578
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949298 Elementary School
1950530 Middle School
Cleveland High School High School
Pricing History
DatePricePrice ChangeDescription
6/19/2026$799,000 Listed Price

Map


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4731 SE 40TH AVE, Portland, OR, 97202 is a Single Family Home for sale at $799,000 with 2,710 sqft and a lot size of 0.12. 4731 SE 40TH AVE has 5 bedrooms, 3.0 baths, and was built in 1907. The property's zip code is 97202 which is in Portland, OR