Timeless mid-century design reimagined with refined updates, original character, and exceptional versatility on a desirable corner lot in one of Portland's most sought-after neighborhoods. Refinished original hardwood floors, abundant natural light, and black-framed windows create a dramatic first impression, complemented by a crisp black-and-white exterior. Extensive improvements include new siding, roof, A/C, and the convenience of dual laundry areas (main + basement), along with rare off-street gated driveway parking and room for an RV or boat—an exceptional find in inner Southeast Portland. Outside, enjoy a fully fenced backyard featuring a vehicle entry gate, a mature walnut tree, and ample space for entertaining, gardening, pets, or future possibilities. The functional layout offers two bedrooms and a bath on the main level alongside spacious living and dining areas. The open kitchen features an island, high-end granite countertops, and ceiling-height designer-selected cabinetry. The lower level—with an egress window, private side entrance, full bath, bar sink, storage, and flexible enclosed space—offers endless possibilities, ideal for a fourth bedroom, family room, guest quarters, multigenerational living, or a potential dual-living setup. R2.5 zoning provides opportunity for future expansion with potential for a garage, ADU, or lot split (buyer to verify). City-approved plans are available for a custom two-car garage with upper-level living space and bath; price subject to increase if built to specifications. Enjoy easy access to both Division and Hawthorne—known for award-winning dining, boutique shopping, cafés, and Portland's vibrant culture. Nearby favorites include acclaimed restaurants such as St. Jack, Ava Gene's, and more, along with proximity to Mount Tabor Park, neighborhood parks, and recreation. Exceptional walkability with a Walk Score of 94, Bike Score of 99, and convenient transit access make this an unmatched urban lifestyle opportunity.
Active
Price cut: $51K (6/18)
$899,000
2333 SE 40th Ave, Portland, OR 97214
4beds
2,540sqft
Residential, Single Family Residence
Built in 1942
5,227 Square Feet Lot
$-- Zestimate®
$354/sqft
$-- HOA
What's special
Fully fenced backyardTimeless mid-century designCeiling-height designer-selected cabinetryRefinished original hardwood floorsPrivate side entranceBlack-framed windowsAbundant natural light
- 42 days |
- 1,445 |
- 87 |
Zillow last checked:
Listing updated:
Listed by:
Kristina Horning 503-523-8556,
Premiere Property Group, LLC
Source: RMLS (OR),MLS#: 154257407
Loading...
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, 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, Gas Appliances, Updated Remodeled, Granite, Tile Floor
- Level: Main
- Area: 171
- Width: 9
Living room
- Features: Fireplace, Gas Appliances, Hardwood Floors
- Level: Main
- Area: 228
- Dimensions: 19 x 12
Heating
- Forced Air, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Free-Standing Range, Free-Standing Refrigerator, Gas Appliances, Plumbed For Ice Maker, Range Hood, Stainless Steel Appliance(s), Gas Water Heater
- Laundry: Laundry Room
Features
- Quartz, Bathroom, Bathtub With Shower, Walk-In Closet(s), Sink, Closet, Formal, Wet Bar, Updated Remodeled, Granite, Cook Island, Kitchen Island, Pantry, Tile
- Flooring: 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
- Cement 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: $354/sqft
- Tax assessed value: $616,840
- Annual tax amount: $5,498
- Date on market: 5/26/2026
- 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 |
|---|---|---|
| 6/18/2026 | Price change | $899,000-5.4%$354/sqft |
Source:  RMLS (OR) #154257407 Report a problem | ||
| 6/10/2026 | Price change | $950,000-2.6%$374/sqft |
Source: RMLS (OR) #154257407 Report a problem | ||
| 5/27/2026 | Listed for sale | $975,000+103.1%$384/sqft |
Source: RMLS (OR) #154257407 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 | $97,540 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Richmond
Nearby schools
GreatSchools rating
- 10/10Glencoe Elementary SchoolGrades: K-5Distance: 0.9 mi
- 10/10Mt Tabor Middle SchoolGrades: 6-8Distance: 1.4 mi
- 6/10Franklin High SchoolGrades: 9-12Distance: 0.8 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Multnomah County
- Portland
- 97214
- Richmond
- 2333 SE 40th Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Portland Topics
