4940 NE 72ND AVE
Portland, OR, 97218 $ 469,000
Bedrooms2 Baths1.0 Sq 804 Monthly Estimate*
$ 3,239
for $469,000 with 2 bedrooms and 1 full bath. This 804 square foot home was built in 1947 on a lot size of 0.22.
Fully Renovated NE Portland Home, .22 Acre Lot, Gated RV Parking, 2nd Garage, 2 Driveways & Detached Duplex or ADU Potential! Welcome to this EXTENSIVELY RENOVATED FROM TOP TO BOTTOM NE Portland home situated on a generous .22-acre lot in the established Cully neighborhood. This move-in-ready home offers an incredible combination of comfort, convenience, & future possibilities. Enjoy the peace of mind that comes with major improvements, including a NEW: roof, electrical, plumbing, HVAC, windows, drywall, flooring, & a beautifully remodeled kit & bath. The thoughtfully updated interior feels fresh, bright, & inviting, w/ attractive finishes throughout. Every sq ft has been designed to offer comfortable, low-maintenance living. WHAT TRULY SETS THIS PROPERTY APART IS THE LAND & ACCESS! The expansive .22-acre lot features TWO completely separate driveways, including a gated 2nd entrance leading to a lg, fully graveled 15’x83’ rear area. This exceptional space provides room for oversized RV or boat parking, recreational vehicles, equipment, & additional storage - a rare find in NE Portland! EXCITING ADU/DUPLEX OPPORTUNITY! (City-confirmed ADU eligibility, subject to obtaining required permits & meeting applicable development standards) With a separate gated driveway & a spacious rear area, the property offers exciting possibilities for additional living space, multigenerational living, or potential rental income. The property also includes an ATTACHED GARAGE, a 2nd DETACHED GARAGE, & one more OUTBUILDING, providing valuable flexibility for workshops, hobbies, tools, equipment, & storage. Step outside & enjoy the spacious backyard & a 12x23 covered deck, perfect for entertaining, gardening, or relaxing. Whether you’re a first-time homebuyer, looking to downsize without sacrificing outdoor space, or searching for a fully updated property with room for future possibilities, this home offers something truly special. Schedule a tour before this opportunity is gone!
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FeaturesInteriorInterior Amenities LaminateFlooring Laundry Quartz WalltoWallCarpet WasherDryer
Basement CrawlSpace
Total Fireplaces 1
Fireplace Features WoodBurning
Hot Water Electricity Tank
Window Features DoublePaneWindows VinylFrames
Total Bathrooms 1.0
Total Bedrooms 2
Total Baths 1
1/2 Baths 0
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GeneralSewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Appliances Dishwasher Disposal FreeStandingRange FreeStandingRefrigerator Quartz StainlessSteelAppliance
Zoning R7
Garage Spaces 2.0
Architectural Style Stories1
Year Built 1947
Stories Count 1
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number R318155
Accessibility OneLevel
County Multnomah
Property Type Residential
HOA N
Subdivision Name CULLY NEIGHBORHOOD
Full Baths 1
Status Active
Directions I-205 to Lombard to 72nd Ave
High School Leodis McDaniel
City Portland
Disclosures Disclosure
MLS Area _142
Lot Size Square Feet 9583.0
Listing Terms Cash Conventional FHA USDALoan VALoan
Elementary School Scott
Tax Annual Amount 4116.39
Middle/Junior High School Roseway Heights
Property Condition UpdatedRemodeled
Virtual Tour https://www.zillow.com/view-3d-home/e29ab64d-bb4b-4225-a6ad-26b077964dd0?setAttribution=mls&wl=true&utm_source=dashboard
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SECTION 20 1N 2E TL 11300 0.22 ACRES
ADU False
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ExteriorExterior Amenities CoveredDeck Fenced Outbuilding RVParking SecondGarage Workshop Yard
Parking Features Driveway ParkingPad
Lot Features Level
Water Source PublicWater
Total Parking 2.0
Garage Type Attached Detached
Exterior Description Cedar
Foundation Details ConcretePerimeter
Building Area Total 804.0
Lot Size Acres 0.22
Road Surface Type Paved
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* Excluded FeaturesList ByRe/Max Equity GroupBroker
DanikaSellsHomes@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,239
- Monthly Property Taxes
- $343
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbySingle family listings in Portland, OR
Average List Price $732,308
Percent of Sale Price 56%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
3269610 Elementary School
3269618 Middle School
Leodis McDaniel High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/12/2026 | $469,000 | | Listed Price |