2333 SE 40TH AVE Portland, OR 97214
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Price:
$525,000
Beds:
3
Baths:
1.1
Ft²:
2540
Acres:
0.12
MLS#:
334948615
Lot Size:
5,000 to 6,999 SqFt
Type:
Detachd
Zone:
R2.5
County:
Multnomah
Style:
3 Stories
Yr Built:
1942
Status:
Active
Levels:
3
Garage:
Detached
Nhood/Bldg:
RICHMOND
Heat:
Forced Air
Fireplace:
Wood Burning
Roof:
Composition
Elem:
Glencoe
Middle:
Mt Tabor
High:
Franklin
Lot Desc:
Level
Area:
Portland Southeast
Courtesy of:
Living Room Realty
Remarks:
Bring your vision to life in this classic 2,540 sq ft bungalow, ideally situated on an oversized corner lot in one of SE Portland’s most desirable neighborhoods. Just blocks from the energy of Division, Hawthorne, and Clinton, this property offers a rare opportunity with incredible potential. The main floor features two bedrooms, a full bath, original hardwood floors, a cozy fireplace, and a charming kitchen with an inviting eat-in nook. Upstairs, a third bedroom awaits your creative touch, while the expansive unfinished basement provides ample space for additional living area, storage, or future development.Outside, a detached garage offers off-street parking or the perfect opportunity for an ADU conversion. Zoned R2.5, the lot allows for up to four units—making this an exceptional project for developers, builders, or investors seeking flexibility and upside. Whether you're looking to renovate, expand, or completely reimagine the space, the possibilities here are as exciting as the location itself. Buyer to conduct due diligence. Don’t miss this rare chance to create value in the heart of Portland’s vibrant inner eastside. [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239426]

We’ll get back to you as soon as we’re able. But if you need us sooner, feel free to call Brian at 503-810-2219 with your questions.


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