Sold

$625,000

3718 SE 40th Ave, Portland, OR 97202

4beds

2,384sqft

Multi Family

Built in 1953

-- sqft lot

$628,800 Zestimate^®

$262/sqft

$2,242 Estimated rent

Home value

$628,800

$585,000 - $673,000

$2,242/mo

Zestimate^® history

Owner options

List your home for rent

$2,242/mo

Rent Zestimate^®

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$2,242/mo

Rent Zestimate^®

Refinance and save

$3,820/mo

Est. payment

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$3,820/mo

Est. payment

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What's special

Private garagesOpen kitchenHardwood floorsNew roofGreat storage

Prime investment opportunity on a classic inner city Portland Duplex. One Vacant Unit. New roof and exterior paint in 2024 and new furnace in 2016. Two bedroom, one bath units with hardwood floors throughout, open kitchen, great storage and bonus space with high ceilings in the basement and private garages. Owner occupied option available or rent both units as this property delivers an attractive 5.5 cap rate. Close to shopping, entertainment, local Creston and Kenilworth Parks and located a half block from mass transit for easy movement throughout the city.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air

Cooling

Window Unit(s)

Appliances

Included: Dishwasher, Range, Refrigerator, Electric Water Heater
Laundry: Common Area, Washer Dryer Hookup

Features

Basement: Unfinished,Storage Space

Interior area

Total structure area: 2,384
Total interior livable area: 2,384 sqft

Property

Parking

Parking features: Garage, Off Street
Has garage: Yes

Features

Stories: 1

Lot

Size: 6,969 sqft
Features: SqFt 7000 to 9999

Details

Parcel number: R328204
Zoning: R5

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding
Foundation: Concrete Perimeter
Roof: Composition

Condition

Year built: 1953

Utilities & green energy

Gas: Gas
Sewer: Public Sewer
Water: Public

Community & neighborhood

Community

Community features: Laundry

Location

Region: Portland
Subdivision: Creston-Kenilworth

HOA & financial

Other financial information

Total actual rent: 1650

Other

Other facts

Listing terms: Cash,Conventional,VA Loan
Road surface type: Paved

Price history

Date	Event	Price
11/18/2025	Sold	$625,000$262/sqft
Source: RMLS (OR) #494199141 Report a problem
10/16/2025	Pending sale	$625,000$262/sqft
Source: RMLS (OR) #494199141 Report a problem
9/29/2025	Listed for sale	$625,000$262/sqft
Source: RMLS (OR) #494199141 Report a problem
9/4/2025	Pending sale	$625,000$262/sqft
Source: RMLS (OR) #494199141 Report a problem
6/19/2025	Listed for sale	$625,000+131.5%$262/sqft
Source: RMLS (OR) #494199141 Report a problem
5/23/2014	Sold	$270,000$113/sqft
Source: RMLS (OR) #14665880 Report a problem