5017 SE 40th Ave, Portland

ACCEPTED OFFER. Open Today 12-2. Back up offers only. Location and versatility in the heart of Woodstock! This beautifully updated 4-bedroom, 2-bath home offers 1,840 square feet of flexible living space on a spacious corner lot in a fantastic Southeast Portland location.The main level features three bedrooms, a welcoming living room with a wood-burning fireplace, and a kitchen with beautiful quartz countertops and direct access to the spacious deck, perfect for entertaining or relaxing outdoors.The lower level offers incredible possibilities! Complete with a full kitchen featuring quartz countertops, its own furnace, and a wall-mounted AC unit, this versatile space could serve as a private primary suite, multigenerational living quarters, or a potential rental opportunity. The home has a successful history as a rental property, making it an appealing option for both homeowners and investors.Recent improvements include fresh paint, new decking materials, and updated hardware. Outside, the expansive corner lot offers plenty of room for gardening, entertaining, or exploring the possibility of an ADU or additional living space.Enjoy the convenience of being within walking distance of Woodstock’s popular restaurants, coffee shops, grocery stores, and neighborhood shopping, with many parks nearby and easy access to major bus lines. Amazing public schools within walking distance. Enjoy convenient walking access to Reed College, Sellwood, and Eastmoreland.Move-in ready with room to grow, this Woodstock property offers an exceptional combination of location, flexibility, and future potential. Seller offering a up front rate buy down. [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10206804]