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$799,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 3 Full Baths
  • 2,710 Sq. Ft.
  • Updated 2 days ago
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Offer received. Offer deadline to be 6/23 at 8pm. Best of Old and New! This beautifully preserved 1907 farmhouse blends timeless character with thoughtful modern updates. Original charm shines throughout with high ceilings, built-ins, hardwood floors, tongue-and-groove ceilings, and classic beadboard details. The stylishly remodeled kitchen and stunning designer-inspired primary suite bring contemporary comfort to this historic home. With 5 bedrooms, 3 bathrooms, including a convenient Jack-and-Jill bath, and two full kitchens; there is room for everyone. A sliding glass door opens to a private deck overlooking a beautifully landscaped, fully fenced backyard oasis complete with a hot tub (new in 2023), fire pit gathering area, and lush lawn. The lower level is configured as a private living space with its own entrance, full kitchen, and flexible layout. Currently operating as a successful Airbnb, this space enjoys strong occupancy and offers excellent income-producing potential or an ideal setup for guests, multigenerational living, or a home office. A rare opportunity to enjoy historic farmhouse charm, modern amenities, and exceptional versatility all in one remarkable property in a coveted neighborhood!

Full Property Details for 4731 SE 40th Ave

General

  • Price: $799,000
  • Taxes: $6,936 (2025)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 668277082
  • Updated: 6/20/2026
  • Added to Site: 4 day(s) ago

Interior

  • Interior Features: Concrete Floor, Hardwood Floors, High Ceilings, Separate Living Quarters/Apartment/Aux Living Unit, Skylight(s), Tile Floor, Wainscoting, Wall to Wall Carpet, Washer/Dryer
  • Appliances: Built-in Range, Built-in Refrigerator, Dishwasher, Gas Appliances, Island, Tile

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Upper - Full Baths: 1
  • Main - Full Baths: 1
  • Lower - Full Baths: 1

Bedrooms

  • Total Bedrooms: 5
  • Primary Bedroom: Upper
  • Bedroom 2: Upper
  • Bedroom 3: Main
  • Bedroom 4: Main
  • Bedroom 5: Lower

Other Rooms

  • Living Room: Main
  • Family Room: Main
  • Kitchen: Main
  • 2nd Kitchen: Lower
  • Dining Room: Main

Exterior

  • Exterior Features: Covered Deck, Dog Run, Fenced, Garden, Porch, Yard

Parking

  • Parking Features: On Street

Location

  • County: Multnomah
  • Subdivision: REED/WOODSTOCK
  • Driving Directions: Holgate to SE 40th Ave.

School Information

  • Elementary School: Grout
  • Middle School: Hosford
  • High School: Cleveland

Community

  • Community Name: 143 - Portland Southeast

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Architectural Style: Farmhouse
  • Basement Desc.: Finished, Separate Living Quarters/Apartment/Aux Living Unit
  • Roof: Composition
  • Stories/Levels: 3
  • Square Feet: 2,710
  • Year Built: 1907
  • Property Condition: Resale

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: Seasonal

Financial Considerations

  • Tax Amount: $6,936.15
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: GRACELAND, BLOCK 4, LOT 4
  • Disclosures/Reports: Disclosure
  • Property ID: R172271

Listed by Corcoran Prime (503) 321-2000, Phuong Hart (503) 449-4904 and Corcoran Prime (503) 321-2000, Jeffrey Hurder (503) 929-8991

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Listing agents

— 4731 SE 40th Ave —

  • Phuong Hart

    Corcoran Prime

    503-321-2000

  • Jeffrey Hurder

    Corcoran Prime

    503-321-2000

503-321-2000

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 4731 SE 40th Ave

School District:Portland School District 1j
NameGradesDistance
Grout Elementary School
3119 Southeast Holgate Boulevard, Portland, OR 97202
K-50.6 mi
Hosford Middle School
2303 Southeast 28th Place, Portland, OR 97214
6-81.4 mi
Cleveland High School, Portland, OR
3400 Southeast 26th Avenue, Portland, OR 97202
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4731 SE 40th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/19/2026
Listed
$799,000
30.98%
MLS
11/13/2019
Sold
$610,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4731 SE 40th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,936
4%
$257,420
3%
2024
$6,687
4%
$249,930
3%
2023
$6,430
4%
$242,660
6%
2021
$6,185
-2%
$228,740
-3%
2022
$6,291
2%
$235,600
6%
2021
$6,185
19%
$222,081
8%
2019
$5,202
3%
$205,260
3%
2018
$5,049
12%
$199,280
11%
2017
$4,506
9%
$180,150
3%
2016
$4,124
3%
$174,910
3%
2015
$4,016
2%
$169,820
3%
2014
$3,955
2%
$164,880
3%
2013
$3,863
—
$160,080
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 4731 SE 40th Ave

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Listed by Corcoran Prime (503) 321-2000, Phuong Hart (503) 449-4904 and Corcoran Prime (503) 321-2000, Jeffrey Hurder (503) 929-8991

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4731 SE 40th Ave, Portland, OR 97202 (MLS# 668277082) is a Single Family property with 5 bedrooms and 3 full bathrooms. 4731 SE 40th Ave is currently listed for $799,000 and was received on June 19, 2026. Want to learn more about 4731 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.

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