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3718 SE 40th Ave, 
Portland, OR 97202

$625,000


Bed


Bath


2,384

Sq Ft


Multi-Family

Active

Listed by

Doug Landers

Maddie Landers

John L. Scott Portland Central

503-230-8600

Last updated:

June 20, 2025, 01:19 AM

MLS#

494199141

Source:

PORTLAND

About This Home

3718 SE 40th Ave

Prime investment opportunity on a classic inner city Portland Duplex. One Vacant Unit. New roof and exterior paint in 2024 and new furnace in 2016. Two bedroom, one bath units with hardwood floors throughout, open kitchen, great storage and bonus space with high ceilings in the basement and private garages. Owner occupied option available or rent both units as this property delivers an attractive 5.5 cap rate. Close to shopping, entertainment, local Creston and Kenilworth Parks and located a half block from mass transit for easy movement throughout the city.

Home Facts

Multi-Family

Built in 1953

Price Summary

625,000

$262 per Sq. Ft.

MLS #:

494199141

Last Updated:

June 20, 2025, 01:19 AM

Added:

2 day(s) ago


Rooms & Interior

Interior

Living Area:

2,384 Sq. Ft.


Structure

Structure

Building Area:

2,384 Sq. Ft.

Year Built:

1953


Lot

Lot Size (Sq. Ft):

6,969


Finances & Disclosures

Finances

Price:

$625,000

Price per Sq. Ft:

$262 per Sq. Ft.

MLS Logo
All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Coldwell Banker Farley Company are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: June 20, 2025
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3718 SE 40th Ave
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Sat, Jun 21
12:00 PM02:00 PM
Sun, Jun 22
12:00 PM02:00 PM

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.