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$480,000

  • Sold
  • Sold
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 2,540 Sq. Ft.
  • Updated 12 days ago
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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]

Full Property Details for 2333 SE 40th Ave

General

  • Sold For: $480,000
  • Taxes: $5,300 (2024)
  • Status: Sold
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 334948615
  • Added to Site: 194 day(s) ago

Interior

  • Interior Features: Laundry, Washer/Dryer, Wood Floors
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Wood Burning
  • Eating Areas: 54

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3
  • Primary Bedroom: 12 x 12, Main, 144 Sq. Ft.
  • Bedroom 2: 9 x 12, Main, 108 Sq. Ft.
  • Bedroom 3: 12 x 31, Upper, 372 Sq. Ft.

Other Rooms

  • Living Room: 18 x 12, Main, 216 Sq. Ft.
  • Kitchen: 12 x 9, Main, 108 Sq. Ft.
  • Dining Room: 13 x 11, Main, 143 Sq. Ft.
  • Eating Area: 6 x 9, Main
  • Storage: 26 x 32, Lower

Parking

  • Garage: Yes
  • Total Spaces: 1

Location

  • County: Multnomah
  • Subdivision: RICHMOND
  • Driving Directions: SE Cesar Chavez to SE Caruthers to SE 40th

School Information

  • Midd School District: Mt Tabor
  • Elementary School: Glencoe
  • Middle School: Mt Tabor
  • High School: Franklin

Community

  • Community Name: 143 - Portland Southeast

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Architectural Style: Bungalow
  • Basement Desc.: Unfinished
  • Roof: Composition
  • Stories/Levels: 3
  • Square Feet: 2,540
  • Year Built: 1942
  • Property Condition: Fixer

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,227
  • Lot Size: 5, 000 to 6, 999 SqFt
  • Frontage: Paved
  • Lot Features: Level

Green Features

  • Green Certified: Yes

Financial Considerations

  • Tax Amount: $5,300.76
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Disclosures/Reports: Disclosure
  • Property ID: R184107

Listed by Living Room Realty (503) 719-5588, Jennifer O'Brien (312) 965-7519 and Living Room Realty (503) 719-5588, Kat Gilpatrick (415) 260-2479
Sold by Premiere Property Group, LLC (503) 670-9000, Kristina Horning

Listing agents

— 2333 SE 40th Ave —

  • Jennifer O'Brien

    Living Room Realty

    503-719-5588

  • Kat Gilpatrick

    Living Room Realty

    503-719-5588

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2333 SE 40th Ave

School District:Portland School District 1j
NameGradesDistance
Glencoe Elementary School
825 Southeast 51st Avenue, Portland, OR 97215
K-51 mi
Mt Tabor Middle School
5800 Southeast Ash Street, Portland, OR 97215
6-81.4 mi
Franklin High School, Portland, OR
5405 Southeast Woodward Street, Portland, OR 97206
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2333 SE 40th Ave

Date
Details
Price
Change
Source
10/01/2025
Sold
$480,000
-3.03%
MLS
8/14/2025
Price Reduced
$495,000
-5.71%
MLS
7/08/2025
Listed
$525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Living Room Realty (503) 719-5588, Jennifer O'Brien (312) 965-7519 and Living Room Realty (503) 719-5588, Kat Gilpatrick (415) 260-2479
Sold by Premiere Property Group, LLC (503) 670-9000, Kristina Horning

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2333 SE 40th Ave, Portland, OR 97214 (MLS# 334948615) is a Single Family property that was sold at $480,000 on October 01, 2025. Want to learn more about 2333 SE 40th Ave? Do you have questions about finding other Single Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.