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ActivePrice cut: $25.1K (10/21)
$549,900
5beds
2,300sqft

10244 SW 40th Ave, Portland, OR 97219

5beds
2,300sqft
Multi Family
Built in 1949
$239/sqft

What's special

Wood-burning fireplaceModern updatesBeautifully remodeled kitchenFully finished basementNew cabinetsComposition shingle roofStainless steel appliances

Welcome home to this beautifully remodeled 1949 classic on a corner lot in the sought-after Huber neighborhood! Offering 5 bedrooms, 3 full bathrooms, and 2,300 square feet across three levels, this home blends timeless character with modern comfort. The main level features a warm and inviting living and dining area centered around a wood-burning fireplace, perfect for cool Portland evenings. Recent updates include luxury vinyl flooring, new light fixtures, fresh interior and exterior paint, and a beautifully remodeled kitchen with new cabinets, quartz countertops, and stainless steel appliances, including a built-in microwave and dishwasher. A true standout is the fully finished basement featuring separate living quarters with its own exterior entrance, second full kitchen, bathroom, and two bedrooms. This flexible layout is ideal for extended family, multigenerational living, or an owner-occupant seeking additional privacy and separation. Property is currently classified as a single-family residence and is not permitted as a legal duplex or ADU, but offers potential for future conversion and separate rental income, subject to city approval. Additional features include forced-air heating with central A/C, an attached 2-car garage, composition shingle roof, and a low-maintenance yard with a deck for relaxing or entertaining. Adding to the appeal is its unique setting next to the future Jackson Middle School Athletic Hub, currently being transformed with new synthetic turf fields, an upgraded 8-lane track, field lighting, improved pathways, and landscaping. This exciting neighborhood investment will create an impressive recreational setting just steps from your door, with schools, parks, and everyday conveniences close by. Classic 1949 charm, modern updates, and flexible living possibilities make this a unique opportunity! [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10222488]

29 days
2,432
201
Source: RMLS (OR),MLS#: 576653717MLS Logo
Travel times

Living Room/Dining Room

Kitchen

Primary Bedroom

Primary Bathroom

Bedroom

Bedroom

Family Room

Kitchen

Bedroom

Office

Breakfast Nook

Zillow last checked:

Listing updated:

Listed by:

Troy D Doty P.C. info@nwrealtysource.com,

Northwest Realty Source

Source: RMLS (OR),MLS#: 576653717MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3
Heating
  • Forced Air 90
Cooling
  • Central Air
Appliances
  • Included: Dishwasher, Range, Refrigerator, Microwave, Gas Water Heater, Tank Water Heater
  • Laundry: Washer Dryer Hookup
Features
  • Basement: Finished,Full,Separate Living Quarters Apartment Aux Living Unit
Interior area
  • Total structure area: 2,300
  • Total interior livable area: 2,300 sqft

Property

Parking
  • Total spaces: 2
  • Parking features: Driveway, Garage
  • Garage spaces: 2
  • Has uncovered spaces: Yes
Features
  • Stories: 3
Lot
  • Features: Level, SqFt 3000 to 4999
Details
  • Parcel number: R184362
  • Zoning: RM1

Construction

Type & style
  • Home type: MultiFamily
  • Property subtype: Multi Family
Materials
  • Cedar
  • Foundation: Concrete Perimeter, Slab
Condition
  • Updated/Remodeled
  • Year built: 1949

Utilities & green energy

  • Gas: Gas
  • Sewer: Public Sewer
  • Water: Public
  • Utilities for property: Cable Connected

Community & HOA

Community
  • Subdivision: Capitol Hill
Location
  • Region: Portland

Financial & listing details

  • Price per square foot: $239/sqft
  • Tax assessed value: $583,860
  • Annual tax amount: $8,382
  • Date on market: 10/14/2026
  • Listing terms: Cash,Conventional,FHA,VA Loan
  • Total actual rent: 4350
  • Road surface type: Paved

Price history

DateEventPrice
10/21/2026Price change$549,900-4.4%$239/sqft
Source: RMLS (OR) #716731259 Report a problem
10/1/2026Price change$575,000-4.2%$250/sqft
Source: RMLS (OR) #716731259 Report a problem
9/14/2026Price change$599,900-4.8%$261/sqft
Source: RMLS (OR) #716731259 Report a problem
8/27/2026Price change$629,900-1.6%$274/sqft
Source: RMLS (OR) #716731259 Report a problem
8/12/2026Price change$639,900-1.5%$278/sqft
Source: RMLS (OR) #716731259 Report a problem
7/23/2026Price change$649,900-4.1%$283/sqft
Source: RMLS (OR) #716731259 Report a problem
6/25/2026Listed for sale$677,900+7.9%$295/sqft
Source: RMLS (OR) #716731259 Report a problem
2/27/2026Sold$628,500$273/sqft
Source: Public Record Report a problem

Public tax history

YearProperty taxesTax assessment
2025$8,383 +3.7%$311,400 +3%
2024$8,082 +4%$302,340 +3%
2023$7,771 +2.2%$293,540 +3%
2022$7,603 +1.7%$284,990 +3%
2021$7,474 +9%$276,690 +3%
2020$6,856 +3.8%$268,640 +3%
2019$6,604 $260,820 -5%
2018$6,604 +3%$274,610 +11.7%
2017$6,410 +14.2%$245,860 +3%
2016$5,615 $238,700 +3%
2015$5,615 +15.4%$231,760 +3%
2014$4,865 +26.8%$225,010 +3%
2013$3,836 +11.8%$218,460 +3%
2012$3,430 -6.1%$212,100 +3%
2011$3,653 -9.3%$205,930 +3%
2010$4,028 -2.7%$199,940 +3%
2009$4,140 +3.7%$194,120 +3%
2008$3,993 +4.2%$188,470 +3%
2007$3,830 +14.7%$182,980 +3%
2006$3,339 +4.1%$177,660 +0.6%
2005$3,209 -5.8%$176,590 +3%
2004$3,407 +5.8%$171,450 +3%
2003$3,219 +12.9%$166,470 +3%
2002$2,852 +7.8%$161,630 +6.1%
2000$2,645 $152,360
Find assessor info on the county website

Monthly payment

Est. payment
$3,331/mo
Principal & interest
$2891
Property taxes
$440
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Estimated market value

Not available

Estimated sales range

Not available

Not available

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: West Portland Park

Nearby schools

Markham Elementary School
Grades K-5 • 0.4 miles
8/10
GreatSchools® Rating
Test Score Rating
8/10
Student Progress Rating
10/10
Jackson Middle School
Grades 6-8 • 0.2 miles
8/10
GreatSchools® Rating
Test Score Rating
9/10
Student Progress Rating
9/10
Ida B. Wells-Barnett High School
Grades 9-12 • 2.2 miles
8/10
GreatSchools® Rating
Test Score Rating
9/10
College Readiness Rating
10/10