Rare new construction multifamily opportunity in SE Portland! This thoughtfully designed four-unit property offers modern construction, quality finishes, energy-efficient systems, and desirable features throughout, making it an excellent opportunity for investors or owner-occupants. Each residence features a functional two-level layout with stylish LVP flooring on the main level, contemporary kitchens with quartz countertops, islands/eatbars, stainless steel appliances, and convenient in-home laundry. Upper levels offer comfortable bedrooms with wall-to-wall carpeting, generous walk-in closets, and well-appointed bathrooms, including private ensuites in select units. Dining areas feature sliding doors opening to private outdoor spaces, while fully fenced yards and patios provide valuable outdoor living space. An impressive attic area with vaulted ceilings and a large skylight adds versatility and natural light.Built for comfort, performance, and energy savings, these Energy Trust of Oregon EPS Certified and ENERGY STAR® certified homes are designed to be approximately 27–30% more energy efficient than homes built to current Oregon code. Features include a tight building envelope, R-23 blown-in blanket fiberglass wall insulation, high-efficiency ductless heat pumps, ENERGY STAR® appliances, a high-efficiency heat pump water heater, and an Energy Recovery Ventilation (ERV) system that continuously supplies fresh outdoor air while improving indoor air quality. ENERGY STAR® bath fans provide quiet operation, while third-party inspections and performance testing help ensure efficiency and quality. All-electric and solar-ready, these homes offer lower utility costs, modern energy-efficient systems, private outdoor areas, and low-maintenance living in a thoughtfully designed new construction community. Buyer to verify all information, dimensions, permits, zoning, and applicable development requirements. Very close to Division and local attractions.
Active
$1,619,600
3940 SE Ivon St, Portland, OR 97202
7beds
3,300sqft
Multi Family
Built in 2026
-- sqft lot
$-- Zestimate®
$491/sqft
$-- HOA
What's special
Quality finishesModern constructionEnergy-efficient systemsHigh-efficiency ductless heat pumpsModern energy-efficient systemsWell-appointed bathroomsStainless steel appliances
- 7 days
- 151
- 7
Zillow last checked:
Listing updated:
Listed by:
Vince Kinney 503-840-2627,
Matin Real Estate
Source: RMLS (OR),MLS#: 203236971
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 11
- Full bathrooms: 7
- Partial bathrooms: 4
Heating
- ENERGY STAR Qualified Equipment, Heat Pump
Cooling
- Heat Pump, Air Conditioning
Appliances
- Included: Dishwasher, ENERGY STAR Qualified Water Heater, Tank Water Heater
- Laundry: Washer Dryer Hookup
Features
- Attic: Storage
Interior area
- Total structure area: 3,300
- Total interior livable area: 3,300 sqft
Property
Features
- Stories: 2
Lot
- Features: Level, SqFt 3000 to 4999
Details
- Parcel number: New Construction
- Zoning: R
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- New Construction
- Year built: 2026
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $491/sqft
- Annual tax amount: $433
- Date on market: 9/3/2026
- 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 |
|---|---|---|
| 9/4/2026 | Listed for sale | $1,619,600$491/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Richmond
Nearby schools
Schools provided by the listing agent
- Elementary: Creston
- Middle: Hosford
- 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.







