By Jennifer O'Brien, July 8, 2025
2333 SE 40TH AVE , Portland 97214
$525,000 (Active)
- 3 Bed
- 1 Bath
- 2540 sqft.
Portland, 97214
View Listing- Built in 1942
- 2540 sqft
- $206.69/sqft
- County: Multnomah
2333 SE 40th Ave.
Portland, Oregon, 97214
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.
OFFERED AT $525,000
3 BED | 1.5 BATH | 2,314 SQ. FT.
MLS# 334948615 | TAXES: $5,300.76
Jennifer O'Brien
Broker | OR
She/Her
A bit about me, I am a Portland transplant by way of Chicago, Atlanta, Minneapolis, Burlington (Vermont), Boston, New York City and Hong Kong. Prior to becoming a Broker and working in Property Management/Real Estate, my former career was in Human Resources at Deutsche Bank and Natixis...
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- T: 312-965-7519
- jenniferobrien@livingroomre.com
