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$625,000

  • Sold
  • Sold
  • Multi-Family
See This Home
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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.

Full Property Details for 3718 SE 40th Ave

General

  • Sold For: $625,000
  • Taxes: $7,960 (2024)
  • Status: Sold
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 494199141
  • Added to Site: 256 day(s) ago

Rental Information

  • Rent Includes: Maintenance Grounds

Parking

  • Parking Features: Garage, Off Street

Location

  • County: Multnomah
  • Subdivision: Creston-Kenilworth
  • Driving Directions: Powell Blvd - South on SE 40th

School Information

  • Midd School District: Kellogg
  • Elementary School: Creston
  • Middle School: Kellogg
  • High School: Franklin

Community

  • Community Name: 143 - Portland Southeast

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Window Unit(s)
  • Heating Type: Forced Air
  • Heating Fuel: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Unfinished
  • Roof: Composition
  • Stories/Levels: 1
  • Square Feet: 2,384
  • Year Built: 1953

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Size (Sq. Ft.): 6,969
  • Lot Size: 7, 000 to 9, 999 SqFt
  • Frontage: Paved
  • Lot Features: Public Road

Financial Considerations

  • Operating Expenses: $12,488
  • Tax Amount: $7,960.55
  • Tax Year: 2024
  • Terms: Cash, Conventional, VA Loan

Disclosures and Reports

  • Property ID: R328204

Listed by John L. Scott Portland Central (503) 230-8600, Doug Landers (503) 936-3905 and John L. Scott Portland Central (503) 230-8693, Maddie Landers (503) 936-4961
Sold by Keller Williams Realty Portland Premiere (503) 597-2444, Hannah Ellison

Listing agents

— 3718 SE 40th Ave —

  • Doug Landers

    John L. Scott Portland Central

    503-230-8600

  • Maddie Landers

    John L. Scott Portland Central

    503-230-8693

neportland@johnlscott.com

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 3718 SE 40th Ave

School District:Portland School District 1j
NameGradesDistance
Creston Elementary School, Portland, OR
4701 Southeast Bush Street, Portland, OR 97206
K-50.3 mi
Hosford Middle School
2303 Southeast 28th Place, Portland, OR 97214
6-81.1 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 3718 SE 40th Ave

Date
Details
Price
Change
Source
11/18/2025
Sold
$625,000
—
MLS
6/19/2025
Listed
$625,000
—
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 John L. Scott Portland Central (503) 230-8600, Doug Landers (503) 936-3905 and John L. Scott Portland Central (503) 230-8693, Maddie Landers (503) 936-4961
Sold by Keller Williams Realty Portland Premiere (503) 597-2444, Hannah Ellison

Just Listed near 3718 SE 40th Ave

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5325 SE Hull Ave, Milwaukie, OR 97267 - Photo 1 Just Listed
$425,000

5325 SE Hull Ave  Milwaukie, OR 97267

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  • Updated 20 hours ago
  • 4
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Listed By: ANDON. MARTIN | Keller Williams Realty Mid Willamette
16510 SE 81st Ave, Milwaukie, OR 97267 - Photo 1 Just Listed
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4400 SE Roethe Rd, Milwaukie, OR 97267 - Photo 1 Just Listed
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7874 SE Sporri Ln, Milwaukie, OR 97267 - Photo 1 Just Listed
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7874 SE Sporri Ln  Milwaukie, OR 97267

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Listed by Keller Williams Realty Portland Elite, Bev Blume

Price Reduced near 3718 SE 40th Ave

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10121 NE Shaver St, Maywood Park, OR 97220 - Photo 1 Price Reduced
-$1,000 (-0.18%)
$558,000

10121 NE Shaver St  Maywood Park, OR 97220

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Listed by Realty-Match.com, Douglas Hurlburt
3500 SE Concord Rd, Milwaukie, OR 97267 - Photo 1 Price Reduced
-$2,000 (-5.08%)
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3500 SE Concord Rd  #65  Milwaukie, OR 97267

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  • Active
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  • 1
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  • 1
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  • 642
    Sq. Ft.
Listed by Premiere Property Group, LLC, Neil Nelson
7826 SE Sporri Ln, Milwaukie, OR 97267 - Photo 1 Price Reduced
-$10,000 (-2.27%)
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7826 SE Sporri Ln  Milwaukie, OR 97267

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Listed by Premiere Property Group, LLC, Michelle Chao
7455 SE King Rd, Milwaukie, OR 97222 - Photo 1 Price Reduced
-$5,000 (-2.96%)
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7455 SE King Rd  #53  Milwaukie, OR 97222

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  • 1,512
    Sq. Ft.
Listed by John L. Scott Portland Central, Michelle Krause

Recent Sales near 3718 SE 40th Ave

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3335 SE 43rd Ave, Portland, OR 97206 - Photo 1 Sold
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3335 SE 43rd Ave  Portland, OR 97206

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    Sq. Ft.
Listed by Cascade Hasson Sotheby's International Realty, Declan O'Connor
Sold by Move Real Estate Inc, Elisia Friedman
4005 SE Boise St, Portland, OR 97202 - Photo 1 Sold
$550,000

4005 SE Boise St  Portland, OR 97202

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Sold by Keller Williams Realty Portland Premiere, Darryl Bodle
4016 SE Cora St, Portland, OR 97202 - Photo 1 Sold
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4016 SE Cora St  Portland, OR 97202

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Listed by Portland's Alternative Inc., Realtors, Robbie Ratkai
Sold by Windermere Realty Trust, Susan Cassidy
4735 SE Bush St, Portland, OR 97206 - Photo 1 Sold
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4735 SE Bush St  Portland, OR 97206

  • Condo / Townhouse
  • Sold
  • 4
    Beds
  • 3
    Total Baths
  • 2,135
    Sq. Ft.
Listed by Urban Nest Realty, Grant Williams
Sold by John L. Scott Portland Central, Israel Hill

3718 SE 40th Ave, Portland, OR 97202 (MLS# 494199141) is a Multi-Family property that was sold at $625,000 on November 18, 2025. Want to learn more about 3718 SE 40th Ave? Do you have questions about finding other Multi-Family real estate for sale in Southeast Uplift? You can browse all Southeast Uplift real estate or contact a Coldwell Banker agent to request more information.