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$675,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 1,840 Sq. Ft.
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Beautifully refreshed corner-lot duplex with two stylish, move-in-ready units. The upper 3 bed / 1 bath features large rooms, updated kitchen, living room with cozy wood-burning fireplace and generous storage, while the lower 1 bed / 1 bath offers the same modern comfort and efficiency. Both units include AC and heat units, updated kitchens with newer appliances and in-unit laundry, and each residence enjoys its own separately fenced, landscaped yard for privacy and outdoor living. Walking distance to Reed College and Woodstock's cafés, markets, and parks, with multiple nearby bus lines for easy commuting. Currently tenant-occupied, purchase as your own or we are offering stability with excellent long-term, mid-term, or rental versatility-buyer to verify use options. [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10206804]

Full Property Details for 5017 SE 40th Ave

General

  • Price: $675,000
  • Taxes: $5,851 (2024)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 540311485
  • Updated: 12/2/2025
  • Added to Site: 75 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), Hardwood Floors, Laundry, Separate Living Quarters/Apartment/Aux Living Unit
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Wood Burning
  • Appliances: Free-Standing Range, Free-Standing Refrigerator, Quartz, Range Hood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main - Full Baths: 1
  • Lower - Full Baths: 1

Bedrooms

  • Total Bedrooms: 4
  • Primary Bedroom: 13 x 10, Main, 130 Sq. Ft.
  • Bedroom 2: 12 x 9, Main, 108 Sq. Ft.
  • Bedroom 3: 10 x 9, Main, 90 Sq. Ft.

Other Rooms

  • Living Room: 12 x 11, Main, 132 Sq. Ft.
  • Family Room: 19 x 8, Lower, 152 Sq. Ft.
  • Kitchen: 10 x 8, Main, 80 Sq. Ft.
  • 2nd Kitchen: 12 x 10, Lower
  • Dining Room: 12 x 8, Main, 96 Sq. Ft.
  • Laundry: 12 x 11, Lower

Exterior

  • Exterior Features: Covered Patio, Deck, Fenced, Yard

Parking

  • Parking Features: Driveway

Location

  • County: Multnomah
  • Subdivision: Woodstock
  • Driving Directions: SE Cesar E Chavez to SE Raymond to SE 40th Ave

School Information

  • Elementary School: Woodstock
  • Middle School: Lane
  • High School: Cleveland

Community

  • Community Name: 143 - Portland Southeast

Heating & Cooling

  • Cooling Type: Air Conditioning Ready
  • Heating Type: Forced Air
  • Heating Fuel: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Architectural Style: Daylight Ranch, Mid-Century Modern
  • Basement Desc.: Daylight, Finished
  • Roof: Composition
  • Windows: Double Pane Windows, Vinyl Frames
  • Stories/Levels: 2
  • Square Feet: 1,840
  • Year Built: 1954
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,791
  • Lot Size: 3, 000 to 4, 999 SqFt
  • Lot Dimensions: 4800
  • Frontage: Paved
  • Lot Features: Corner Lot, Level

Green Features

  • Green Certified: Yes

Financial Considerations

  • Tax Amount: $5,851.93
  • Tax Year: 2024
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: PORTERS ADD, BLOCK 9, E 1/2 OF LOT 1&2
  • Disclosures/Reports: Disclosure
  • Property ID: R245879

Listed by Keller Williams Realty Portland Premiere (503) 597-2444, Noah Kirshbaum (503) 957-3836

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Listing agent

— 5017 SE 40th Ave —

  • Noah Kirshbaum

    Keller Williams Realty Portland Premiere

    503-597-2444

503-957-3836

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NMLS#: 1598647

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

Be ready to buy your new home!

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NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

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

Schools serving 5017 SE 40th Ave

School District:Portland School District 1j
NameGradesDistance
Woodstock Elementary School
5601 Southeast 50th Avenue, Portland, OR 97206
K-50.6 mi
Hosford Middle School
2303 Southeast 28th Place, Portland, OR 97214
6-81.5 mi
Cleveland High School, Portland, OR
3400 Southeast 26th Avenue, Portland, OR 97202
9-121.2 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 5017 SE 40th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/02/2025
Price Reduced
$675,000
-3.56%
MLS
11/03/2025
Listed
$699,900
27.25%
MLS
5/13/2022
Sold
$550,000
—
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 5017 SE 40th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,070
4%
$225,280
3%
2024
$5,852
4%
$218,720
3%
2023
$5,627
4%
$212,350
6%
2021
$5,412
-2%
$200,170
-3%
2022
$5,505
2%
$206,170
6%
2021
$5,412
13%
$194,340
3%
2019
$4,782
3%
$188,680
3%
2018
$4,642
4%
$183,190
3%
2017
$4,449
9%
$177,860
3%
2016
$4,071
3%
$172,680
3%
2015
$3,965
2%
$167,660
3%
2014
$3,905
2%
$162,780
3%
2013
$3,814
—
$158,040
—
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.

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Listed by Keller Williams Realty Portland Premiere (503) 597-2444, Noah Kirshbaum (503) 957-3836

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5017 SE 40th Ave, Portland, OR 97202 (MLS# 540311485) is a Single Family property with 4 bedrooms and 2 full bathrooms. 5017 SE 40th Ave is currently listed for $675,000 and was received on November 03, 2025. Want to learn more about 5017 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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