Set between two of Southeast Portland's most beloved historic neighborhoods, Ladd's Addition and Colonial Heights, this contemporary rebuild offers a rare opportunity to own a fully reimagined home in one of the city's most walkable pockets. Energy-efficient and thoughtfully designed across three levels. The main level centers on an open great room that flows directly into a gourmet kitchen finished with Pratt + Larson tile and backsplash, high-end appliances, and clean modern lines. High ceilings, custom light fixtures, and warm bamboo floors carry through the space, while large windows fill the interior with natural light. Upstairs, you'll find the bedrooms and a versatile loft area that lends itself well to a home office, reading nook, or kids' hangout. A second-level deck takes full advantage of the setting, offering views toward the West Hills, perfect for morning coffee or evenings outside. The location speaks for itself. You're within easy walking distance of the tree-lined diagonals and rose gardens of Ladd's Addition, the cafés and bakeries along Southeast Division, and the shops and restaurants of Hawthorne Boulevard. Commuting downtown is straightforward, and the surrounding streets offer the quiet, established character that draws so many buyers to this part of the city. Modern, efficient, and full of personality, this is a one-of-a-kind home in a location that rarely sees inventory like it. Schedule your showing today.Open Houses This Weekend: Saturday and Sunday 11-1pm.
Active
Price cut: $65K (7/30)
$1,169,000
2540 SE Clay St, Portland, OR 97214
3beds
2,892sqft
Residential, Single Family Residence
Built in 2018
5,662 Square Feet Lot
$1,153,600 Zestimate®
$404/sqft
$-- HOA
What's special
Second-level deckVersatile loft areaClean modern linesHigh ceilingsGourmet kitchenWarm bamboo floorsCustom light fixtures
- 83 days |
- 1,284 |
- 78 |
Zillow last checked:
Listing updated:
Listed by:
Jordan Tietz 503-910-0889,
Kelly Right Real Estate of Portland, LLC,
Lake Shovoly 503-704-0919,
Keller Williams Realty Portland Premiere
Source: RMLS (OR),MLS#: 395167028
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- Partial bathrooms: 1
- Main level bathrooms: 2
Rooms
- Room types: Entry, Loft, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Bathroom, Walkin Closet, Walkin Shower
- Level: Main
- Area: 110
- Dimensions: 10 x 11
Bedroom 2
- Features: Vaulted Ceiling, Wallto Wall Carpet
- Level: Upper
- Area: 154
- Dimensions: 14 x 11
Bedroom 3
- Features: Wallto Wall Carpet
- Level: Upper
- Area: 77
- Dimensions: 7 x 11
Dining room
- Features: Deck, Sliding Doors, High Ceilings
- Level: Main
- Area: 144
- Dimensions: 16 x 9
Family room
- Features: Wallto Wall Carpet
- Level: Lower
- Area: 300
- Dimensions: 20 x 15
Kitchen
- Features: Disposal, Gas Appliances, Island, Double Oven, Free Standing Refrigerator
- Level: Main
- Area: 126
- Width: 9
Living room
- Features: High Ceilings
- Level: Main
- Area: 288
- Dimensions: 16 x 18
Heating
- Forced Air 95 Plus
Cooling
- Central Air
Appliances
- Included: Convection Oven, Cooktop, Dishwasher, Double Oven, Free-Standing Refrigerator, Gas Appliances, Microwave, Range Hood, Stainless Steel Appliance(s), Disposal, Electric Water Heater
- Laundry: Laundry Room
Features
- High Ceilings, High Speed Internet, Vaulted Ceiling(s), Kitchen Island, Bathroom, Walk-In Closet(s), Walkin Shower, Quartz
- Flooring: Engineered Hardwood, Wall to Wall Carpet
- Doors: Sliding Doors
- Windows: Aluminum Frames, Double Pane Windows
- Basement: Finished
Interior area
- Total structure area: 2,892
- Total interior livable area: 2,892 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, On Street, Attached, Garage Partially Converted to Living Space
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Main Floor Bedroom Bath, Accessibility
Features
- Stories: 3
- Patio & porch: Deck
- Exterior features: Garden, Yard, Exterior Entry
- Fencing: Fenced
- Has view: Yes
- View description: City, Seasonal, Territorial
Lot
- Size: 5,662 Square Feet
- Features: Gentle Sloping, Private, Secluded, Trees, SqFt 5000 to 6999
Details
- Parcel number: R124911
Construction
Type & style
- Home type: SingleFamily
- Architectural style: NW Contemporary
- Property subtype: Residential, Single Family Residence
Materials
- Cedar
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 2018
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Subdivision: Hawthorne
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $404/sqft
- Tax assessed value: $911,180
- Annual tax amount: $11,252
- Date on market: 6/1/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
$1,153,600
$1.10M - $1.21M
$4,837/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Price change | $1,169,000-5.3%$404/sqft |
Source:  RMLS (OR) #395167028 Report a problem | ||
| 7/1/2026 | Price change | $1,234,000-5%$427/sqft |
Source: RMLS (OR) #395167028 Report a problem | ||
| 6/2/2026 | Listed for sale | $1,299,000+8.3%$449/sqft |
Source: RMLS (OR) #395167028 Report a problem | ||
| 7/22/2021 | Sold | $1,200,000$415/sqft |
Source: RMLS (OR) #21689746 Report a problem | ||
| 6/23/2021 | Pending sale | $1,200,000$415/sqft |
Source: RMLS (OR) #21689746 Report a problem | ||
| 6/17/2021 | Listed for sale | $1,200,000+108.7%$415/sqft |
Source: RMLS (OR) #21689746 Report a problem | ||
| 4/7/2017 | Sold | $575,000+2.9%$199/sqft |
Source: RMLS (OR) #17573637 Report a problem | ||
| 3/6/2017 | Pending sale | $559,000$193/sqft |
Source: Living Room Realty #17573637 Report a problem | ||
| 2/28/2017 | Listed for sale | $559,000+52.1%$193/sqft |
Source: Living Room Realty #17573637 Report a problem | ||
| 9/29/2008 | Sold | $367,500+83.3%$127/sqft |
Source: Public Record Report a problem | ||
| 3/14/2002 | Sold | $200,500$69/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,252 +3.7% | $417,610 +3% |
| 2024 | $10,848 +4% | $405,450 +3% |
| 2023 | $10,431 +2.2% | $393,650 +3% |
| 2022 | $10,205 +23.7% | $382,190 +25.2% |
| 2021 | $8,251 +9% | $305,170 +3% |
| 2020 | $7,569 +26.7% | $296,280 +25.7% |
| 2019 | $5,975 | $235,720 +3% |
| 2018 | $5,975 +3% | $228,860 +3% |
| 2017 | $5,799 +14% | $222,200 +3% |
| 2016 | $5,086 | $215,730 +3% |
| 2015 | $5,086 +2.7% | $209,450 +3% |
| 2014 | $4,953 +3.9% | $203,350 +3% |
| 2013 | $4,765 +10.5% | $197,430 +3% |
| 2012 | $4,310 +3.9% | $191,680 +3% |
| 2011 | $4,148 +5.4% | $186,100 +3% |
| 2010 | $3,935 +2.7% | $180,680 +3% |
| 2009 | $3,833 +11.7% | $175,420 +8.6% |
| 2008 | $3,430 +0.3% | $161,520 +3% |
| 2007 | $3,420 +11.4% | $156,820 +3% |
| 2006 | $3,071 +4.7% | $152,260 +3% |
| 2005 | $2,933 -8.2% | $147,830 +3% |
| 2004 | $3,195 +2.3% | $143,530 +3% |
| 2003 | $3,124 +8.9% | $139,350 +3% |
| 2002 | $2,869 +7.4% | $135,300 +6.1% |
| 2000 | $2,672 | $127,540 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Hosford-Abernethy
Nearby schools
GreatSchools rating
- 10/10Abernethy Elementary SchoolGrades: K-5Distance: 0.7 mi
- 8/10Hosford Middle SchoolGrades: 6-8Distance: 0.4 mi
- 7/10Cleveland High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Abernethy
- Middle: Hosford
- High: Cleveland
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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