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Listing provided courtesy of Corcoran Prime- MLS# 668277082MLS ProviderContact Information: 503-321-2000

4731 SE 40TH AVEPortland, OR 97202

Single Family · 5 Beds · 3 Full Baths · 2,710 Sq. ft. | 0.12 Acres
$799,000 Active

4731 SE 40TH AVE Overview

Time on Site:
10 days
Visits:
0

OPEN HOUSE 6/27, 11am-1pm. 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! Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10026278

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4731 SE 40TH AVE Facts & Features

  • Type Single Family
  • Sq. ft. 2,710
  • Price/Sq.ft. $295
  • Lot 0.12 Acres

Details

General

School Information

  • Elementary School: Grout
  • Middle Or Junior School: Hosford
  • High School: Cleveland

Building Information

  • Year Built: 1907

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 143 - Portland Southeast
  • Subdivision Name: REED/WOODSTOCK

Tax Information

  • Tax Annual Amount: 6936.15
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional
  • Parcel Number: R172271
  • Property Condition: Resale
  • Property Sub Type: Single Family Residence
  • Property Type: Residential

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Partial: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 5

Building Interior

  • Building Area Total: 2710.0

General Information

  • Appliances: Built-in Range,Built-in Refrigerator,Dishwasher,Gas Appliances,Island,Tile
  • Basement: Finished,Separate Living Quarters/Apartment/Aux Living Unit
  • Cooling: Central Air
  • Heating: Forced Air
  • Interior Features: Concrete Floor,Hardwood Floors,High Ceilings,Separate Living Quarters/Apartment/Aux Living Unit,Skylight(s),Tile Floor,Wainscoting,Wall to Wall Carpet,Washer/Dryer
  • Stories: 3

Exterior

Parking Information

  • Parking Features: On Street
  • Parking Total: 0

Lot Information

  • Lot Features: Seasonal
  • Lot Size Acres: 0.12
  • Lot Size Square Feet: 5227.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Architectural Style: Farmhouse
  • Roof: Composition

General Information

  • Exterior Features: Covered Deck,Dog Run,Fenced,Garden,Porch,Yard
  • Sewer: Public Sewer

4731 SE 40TH AVE Neighborhood

Community

97202 (PORTLAND) Demographics

37
Median Age
5,954
Population Density (per sq. mile)
66%
College Educated
$86,351
Estimated Median Income
9,199
Estimated Total Home Owners
8,995
Estimated Total Renters
51% / 49%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4731 SE 40TH AVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4731 SE 40TH AVE Market Data

Based on the last 30 days in this zip code

$731,202
Average List Price
$362
Average Price per Square Foot
36
Properties Sold
70
Average Days on Market
148
Properties for Sale
Calculations provided by Reliance Network

4731 SE 40TH AVE History

Date Event Value Agent
6/19/2026Source: Regional MLS Added to Database
June 19, 2026