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2333 SE 40th Ave, Portland, OR 97214 — photograph 1

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2333 SE 40th Ave, Portland, OR 97214 — photograph 1
4 Beds2 Baths2,540 sqft

2333 SE 40th Ave, Portland

$815,000

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ActiveMLS®: 176208294Listing held by another brokerage, marked RMLS
Price per sqft
$320.87
Built in
1942
Property size
2,540 sqft
Lot size
5,227 sqft
Property type
Residential
Days on market
51

Overview

Ideally located in the heart of Richmond, just moments from the vibrant Division and Hawthorne districts, this extensively remodeled home offers the perfect balance of Portland character and modern updates. Expansive black-framed windows fill the home with natural light, while original hardwood floors and an arched opening from the living to dining preserve the warmth of the main level. Overlooking the backyard, the beautifully remodeled open kitchen features ceiling-height cabinetry, granite counters, a breakfast nook, entertainer’s island, abundant storage, and seamless flow into the living and dining areas. The upper primary bedroom features a skylight and walk-in closet, with potential to create a private ensuite bath. The fully finished lower level adds an entirely different dimension to the home with a family room, wet bar, full bathroom, egress window, generous storage, fourth bedroom or flex space, separate entrance, and a second laundry area. The layout offers incredible versatility for multigenerational living, guests, work-from-home space, hobbies, or additional living and entertaining. Outside, a fenced backyard and gated off-street parking provide room for multiple vehicles, an RV, boat, or recreational equipment—an uncommon find in this neighborhood. R2.5 zoning, a spacious corner lot, and city-approved plans for a detached two-car garage with future upper-level living space create even more possibilities, including potential ADU and additional development options (buyer to perform all due diligence). Just minutes from neighborhood parks, Mount Tabor, and the restaurants, shops, coffee, and energy of Division and Hawthorne, this is a rare opportunity to enjoy the timeless appeal and vibrant lifestyle of one of Portland's most desirable neighborhoods. Walk Score 92, Bike Score 99. [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239426]

Details

Interior

Interior features
Concrete Floor, Dual Flush Toilet, Granite, Hardwood Floors, Laundry, Quartz, Skylight, Tile Floor, Wall to Wall Carpet, Wood Floors
Appliances
Cook Island, Dishwasher, Disposal, Down Draft, Free Standing Gas Range, Free Standing Refrigerator, Gas Appliances, Granite, Island, Pantry, Plumbed For Ice Maker, Pot Filler, Range Hood, Stainless Steel Appliance, Tile
Fireplace
Yes
Fireplaces
2
Fireplace description
Wood Burning
Cooling
Yes
Cooling description
Central Air
Heating
Yes
Heating description
Forced Air
Windows
Double Pane Windows, Vinyl Frames

Exterior and lot

Lot size
5,227 sqft
Exterior features
Fenced, Patio, RV Parking, RV / Boat Storage, Yard
Lot features
Gated, Level
Architectural style
Bungalow, Mid Century Modern
Roof
Composition
View
No

Utilities

Sewer
Public Sewer
Water source
Public Water

Parking

Garage spaces
0
Parking
Driveway, RV Access Parking
Total parking
0

Schools

High school
Franklin
Middle school
Mt Tabor
Elementary school
Glencoe

Location

City
Portland
County
Multnomah
Zoning
R2.5
Subdivision
RICHMOND / DIVISION

Taxes and dues

Annual taxes
$5,498 (2025)

Location

2333 SE 40th Ave, Portland, OR 97214

Map showing the location of 2333 SE 40th Ave, Portland, OR 97214
© Mapbox © OpenStreetMap

Monthly payment estimate

$4,796 /mo

20% · $163,000
7.00%
Principal and interest
$4,338
Property tax (2025)
$458
Total
$4,796

Estimate only, and not an offer of credit. Assumes 20% down ($163,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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