Ideally located in the heart of Richmond, just moments from the vibrant Division and Hawthorne districts, this extensively remodeled home offers the perfect balance of Portland character and modern living. Gated off street parking, rare R2.5 zoning, a potentially dividable corner lot, and city approved plans for a detached two car garage with future upper level living space offer exceptional flexibility and future development potential, including ADU possibilities (buyer to perform all due diligence).Expansive black framed windows fill the home with natural light. Original hardwood floors extend throughout the main living areas, while the completely remodeled open kitchen features ceiling height designer cabinetry, granite countertops, an oversized island, abundant storage, and effortless flow into the living and dining areas. The updated bathrooms feature refined finishes. All appliances are included, making your move that much easier.The spacious primary bedroom lives like its own private suite, complete with a skylight, walk in closet, and potential for a private bathroom.The fully finished lower level features a spacious family room with a wet bar, full bathroom, egress window, generous storage, and a fourth bedroom or flexible space for guests, multigenerational living, home offices, or hobbies. Its separate entrance and thoughtful layout make it ideal for extended stays, independent living, or hosting family and guests.A fully fenced backyard and gated parking provide room for multiple vehicles, RVs, boats, or recreational equipment.Conveniently located near neighborhood parks and Mount Tabor, this home offers the perfect combination of location, versatility, and modern living in one of Portland's most sought after neighborhoods. [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239426]
Active
$825,000
2333 SE 40th Ave, Portland, OR 97214
4beds
2,540sqft
Residential, Single Family Residence
Built in 1942
5,227 Square Feet Lot
$-- Zestimate®
$325/sqft
$-- HOA
What's special
Fully fenced backyardFully finished lower levelWalk in closetGenerous storageAbundant storageSeparate entranceEgress window
- 11 days
- 234
- 20
Zillow last checked:
Listing updated:
Listed by:
Kristina Horning 503-523-8556,
Premiere Property Group, LLC
Source: RMLS (OR),MLS#: 176208294
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Rooms
- Room types: Bedroom 4, Laundry, Utility Room, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Skylight, Suite, Walkin Closet, Wallto Wall Carpet
- Level: Upper
- Area: 252
- Dimensions: 21 x 12
Bedroom 2
- Features: Hardwood Floors, Closet
- Level: Main
- Area: 144
- Dimensions: 12 x 12
Bedroom 3
- Features: Hardwood Floors, Closet
- Level: Main
- Area: 120
- Dimensions: 12 x 10
Bedroom 4
- Features: Bathroom, Bathtub With Shower, Tile Floor, Walkin Closet
- Level: Lower
- Area: 336
- Dimensions: 24 x 14
Dining room
- Features: Formal, Hardwood Floors
- Level: Main
- Area: 143
- Dimensions: 13 x 11
Family room
- Features: Bathroom, Fireplace, Tile Floor, Wet Bar
- Level: Lower
- Area: 798
- Dimensions: 38 x 21
Kitchen
- Features: Bay Window, Builtin Features, Gas Appliances, Updated Remodeled, Granite, Tile Floor
- Level: Main
- Area: 171
- Width: 9
Living room
- Features: Fireplace, Hardwood Floors
- Level: Main
- Area: 228
- Dimensions: 19 x 12
Heating
- Forced Air, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Down Draft, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Appliances, Plumbed For Ice Maker, Range Hood, Stainless Steel Appliance(s), Gas Water Heater
- Laundry: Laundry Room
Features
- Granite, Quartz, Bathroom, Bathtub With Shower, Walk-In Closet(s), Sink, Closet, Formal, Wet Bar, Built-in Features, Updated Remodeled, Suite, Cook Island, Kitchen Island, Pantry, Pot Filler, Tile
- Flooring: Concrete, Hardwood, Tile, Wall to Wall Carpet, Wood
- Windows: Double Pane Windows, Vinyl Frames, Bay Window(s), Skylight(s)
- Basement: Exterior Entry,Finished,Full
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,540
- Total interior livable area: 2,540 sqft
Video & virtual tour
Property
Parking
- Parking features: Driveway, RV Access/Parking, RV Boat Storage
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Main Floor Bedroom Bath, Minimal Steps, Natural Lighting, Parking, Walkin Shower, Accessibility
Features
- Stories: 3
- Patio & porch: Patio
- Exterior features: Yard
- Fencing: Fenced
Lot
- Size: 5,227 Square Feet
- Features: Gated, Level, SqFt 5000 to 6999
Details
- Additional structures: RVParking, RVBoatStorage
- Parcel number: R184107
- Zoning: R2.5
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow,Mid Century Modern
- Property subtype: Residential, Single Family Residence
Materials
- Lap Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1942
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Green energy
- Water conservation: Dual Flush Toilet
Community & HOA
Community
- Subdivision: Richmond / Division
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $325/sqft
- Tax assessed value: $616,840
- Annual tax amount: $5,498
- Date on market: 8/25/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Listed for sale | $825,000+71.9%$325/sqft |
Source:  RMLS (OR) #176208294 Report a problem | ||
| 10/1/2025 | Sold | $480,000-3%$189/sqft |
Source: RMLS (OR) #334948615 Report a problem | ||
| 9/7/2025 | Pending sale | $495,000$195/sqft |
Source: RMLS (OR) #334948615 Report a problem | ||
| 8/29/2025 | Listed for sale | $495,000$195/sqft |
Source: RMLS (OR) #334948615 Report a problem | ||
| 8/19/2025 | Pending sale | $495,000$195/sqft |
Source: RMLS (OR) #334948615 Report a problem | ||
| 8/14/2025 | Price change | $495,000-5.7%$195/sqft |
Source: RMLS (OR) #334948615 Report a problem | ||
| 7/8/2025 | Listed for sale | $525,000+75%$207/sqft |
Source: RMLS (OR) #334948615 Report a problem | ||
| 8/7/2008 | Sold | $300,000-6.3%$118/sqft |
Source: Public Record Report a problem | ||
| 7/12/2008 | Listed for sale | $320,000$126/sqft |
Source: Coldwell Banker** #8064066 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,498 +3.7% | $204,060 +3% |
| 2024 | $5,301 +4% | $198,120 +3% |
| 2023 | $5,097 +2.2% | $192,350 +3% |
| 2022 | $4,987 +1.7% | $186,750 +3% |
| 2021 | $4,902 +9% | $181,320 +3% |
| 2020 | $4,497 +3.8% | $176,040 +3% |
| 2019 | $4,332 | $170,920 +3% |
| 2018 | $4,332 +3% | $165,950 +3% |
| 2017 | $4,205 +14% | $161,120 +3% |
| 2016 | $3,688 | $156,430 +3% |
| 2015 | $3,688 +2.7% | $151,880 +3% |
| 2014 | $3,592 +3.9% | $147,460 +3% |
| 2013 | $3,455 +10.5% | $143,170 +3% |
| 2012 | $3,126 +3.9% | $139,000 +3% |
| 2011 | $3,008 +5.4% | $134,960 +3% |
| 2010 | $2,854 +2.7% | $131,030 +3% |
| 2009 | $2,779 +6% | $127,220 +3% |
| 2008 | $2,623 +0.3% | $123,520 +3% |
| 2007 | $2,615 +11.4% | $119,930 +3% |
| 2006 | $2,349 +4.7% | $116,440 +3% |
| 2005 | $2,243 -8.2% | $113,050 +3% |
| 2004 | $2,443 +2.3% | $109,760 +3% |
| 2003 | $2,389 +8.9% | $106,570 +3% |
| 2002 | $2,194 +7.4% | $103,470 +6.1% |
| 2000 | $2,044 | $97,540 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Richmond
Nearby schools
Schools provided by the listing agent
- Elementary: Glencoe
- Middle: Mt Tabor
- High: Franklin
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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