2333 SE 40TH AVE

Portland, 97214

  • 3 Bed

  • 1.5 Bath

  • 2540 SqFt

  • 53 DOM

  • Built: 1942

  • Status: Active

$495,000

Price cut: $30K (08-14-2025)

X

2333 SE 40TH AVE

Portland 97214

$495000

Price cut: $30K (08-14-2025)

  • 3 Bed

  • 1.5 Bath

  • 2540 SqFt

  • 53 DOM

  • Built: 1942

  • Status: Active

Love this home?

Request Tour, Ask a Question or Start an Offer

Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

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]

-->

Residence Information

  • 700

  • 1060

  • 780

  • 2540

  • TRIO

  • 1760

  • 1/Gas

  • 3

  • 1

  • 1

  • 1.5

  • Composition

  • 1, Detached

  • Bungalow

  • 3

  • 1942

  • Yes

  • VinylSiding

  • Unfinished

  • Unfinished

Features and Utilities

  • Laundry, WasherDryer, WoodFloors

  • Gas

  • ForcedAir

  • PublicSewer

  • Gas

  • Gas

Financial

  • 5300.76

  • 0

  • Cash,Conventional

  • 07-08-2025

  • No

  • No

Comparable Information

  • 53

  • 53

  • Cash,Conventional

  • $525,000

  • $495,000

  • Aug 29, 2025 08:10

Schools

Elementary : Glencoe N/A Ratings
Middle : Mt Tabor N/A Ratings
High : Franklin N/A Ratings

Map

Listing courtesy of Living Room Realty.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Aug 30, 2025 06:13 | Listing last modified Aug 29, 2025 08:10. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Similar Properties

Open Sun, Aug 31st, 12PM to 3PM

$500,000

  • 3 Bed

  • 2 Bath

  • 2430 SqFt

  • 5 DOM

  • 3755 SE LINCOLN ST, Portland, 97214

$895,000

  • 4 Bed

  • 3 Bath

  • 2951 SqFt

  • 37 DOM

  • 3955 SE MADISON ST, Portland, 97214

$789,000

  • 3 Bed

  • 2.5 Bath

  • 1844 SqFt

  • 23 DOM

  • 2947 SE STARK ST, Portland, 97214

$1,855,000

  • 6 Bed

  • 5 Bath

  • 5029 SqFt

  • 25 DOM

  • 536 SE 17TH AVE, Portland, 97214

Login to continue

Email field required!
Password field required!
Show password

Forgot your password?

Reset your password?

You will receive a link to the entered email address to create a new password

Error message here!

Back to login

Sign up with Email