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2333 Se 40th Ave, Portland, OR 97214

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For Sale

$525,000

3 beds • 1 baths • 1 half baths • 2,540 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • $206.69
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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]
MLS# 334948615

Courtesy Of Living Room Realty

(503) 719-5588

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Bungalow
  • Exterior Type
    Vinyl Siding
  • Heating System
    Forced Air
  • Lot Size
    0.12 Acres
  • Rooms
    Basement

Map and Directions

Directions to 2333 Se 40th Ave, Portland, OR 97214

Home seller CENTURY 21 North Homes Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 North Homes Realty

(503) 429-4300
Learn More About Us

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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