Quiet and private urban townhome offers spacious living, pleasant views and convenience to prime cafes and shops. Two treehouse-like decks expand living space with east/west views. Two en-suite bedrooms with walk-in closets on the upper floor, plus a separate ground-floor two-room suite, support multigenerational living. The ground floor unit, currently a popular, licensed, short-term rental, which netted $24,800 in 2024, is being sold turnkey and fully furnished. Upgrades include hardwood floors throughout the two upper floors, custom built-in bookcases, and unpainted cedar trim. With a single car garage, off-street parking, and fenced-in backyard, this versatile townhome is an ideal, low maintenance, single family home alternative. Recent updates include a new furnace (2024), fresh paint inside and out (2021), new refrigerator, range, kitchen sink, washroom sink, washer/dryer and updated light fixtures (2020). Neighborhood favorites include Trader Joes, Keeper Coffee, Cafe Rowan. Convenient to Reed College, Woodstock, and Creston Pool. No HOA or dues! [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10236754]
Sold
$525,000
4531 SE 40th Ave, Portland, OR 97202
3beds
1,869sqft
Residential, Townhouse
Built in 1999
1,742.4 Square Feet Lot
$524,900 Zestimate®
$281/sqft
$2,968 Estimated rent
Home value
$524,900
Estimated sales range
Not available
$2,968/mo
Zestimate® history
Owner options
List your home for rent
$2,968/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,968/mo
Rent Zestimate®
Refinance and save
$3,202/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,202/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Fenced-in backyardTreehouse-like decksGround-floor two-room suiteCustom built-in bookcasesEn-suite bedroomsHardwood floorsWalk-in closets
Zillow last checked:
Listing updated:
Listed by:
Natalie Strom 503-453-6014,
Like Kind Realty
Bought with:
Sean O'Feery, 201208106
Living Room Realty
Source: RMLS (OR),MLS#: 407253216
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- Partial bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Features: Bathroom, Ceiling Fan, Shower, Vaulted Ceiling, Walkin Closet, Wood Floors
- Level: Upper
- Area: 180
- Dimensions: 15 x 12
Bedroom 2
- Features: Bathroom, Ceiling Fan, Bathtub With Shower, Vaulted Ceiling, Walkin Closet, Wood Floors
- Level: Upper
- Area: 140
- Dimensions: 14 x 10
Bedroom 3
- Features: Bathroom, Closet Organizer, Closet, Laminate Flooring, Shower, Studio
- Level: Lower
- Area: 132
- Dimensions: 12 x 11
Dining room
- Features: Formal, French Doors, Patio, Wood Floors
- Level: Main
- Area: 120
- Dimensions: 12 x 10
Kitchen
- Features: Disposal, Eat Bar, Gas Appliances, Pantry, Wood Floors
- Level: Main
- Area: 120
- Width: 10
Living room
- Features: Ceiling Fan, Deck, Fireplace, Wood Floors
- Level: Main
- Area: 208
- Dimensions: 16 x 13
Heating
- Forced Air, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Dishwasher, Free-Standing Gas Range, Stainless Steel Appliance(s), Washer/Dryer, Disposal, Gas Appliances, Gas Water Heater
Features
- Built-in Features, Closet, Bathroom, Ceiling Fan(s), Bathtub With Shower, Vaulted Ceiling(s), Walk-In Closet(s), Closet Organizer, Shower, Studio, Formal, Eat Bar, Pantry
- Flooring: Wood, Laminate
- Doors: French Doors
- Windows: Double Pane Windows
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total structure area: 1,869
- Total interior livable area: 1,869 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Garage Door Opener, Attached
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 3
- Patio & porch: Covered Patio, Deck, Patio
- Fencing: Fenced
- Has view: Yes
- View description: Territorial
Lot
- Size: 1,742 sqft
- Features: SqFt 0K to 2999
Details
- Additional structures: SeparateLivingQuartersApartmentAuxLivingUnit
- Parcel number: R181814
Construction
Type & style
- Home type: Townhouse
- Property subtype: Residential, Townhouse
- Attached to another structure: Yes
Materials
- Lap Siding, Wood Siding, Insulation and Ceiling Insulation
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1999
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2025 | Sold | $525,000$281/sqft |
Source:  RMLS (OR) #407253216 Report a problem | ||
| 4/7/2025 | Pending sale | $525,000$281/sqft |
Source: RMLS (OR) #407253216 Report a problem | ||
| 4/4/2025 | Listed for sale | $525,000$281/sqft |
Source: RMLS (OR) #407253216 Report a problem | ||
| 4/1/2025 | Pending sale | $525,000$281/sqft |
Source: RMLS (OR) #407253216 Report a problem | ||
| 3/27/2025 | Listed for sale | $525,000+29%$281/sqft |
Source: RMLS (OR) #407253216 Report a problem | ||
| 4/16/2020 | Sold | $407,000+2%$218/sqft |
Source: RMLS (OR) #20473629 Report a problem | ||
| 3/22/2020 | Pending sale | $399,000$213/sqft |
Source: Friday and Company #20473629 Report a problem | ||
| 3/19/2020 | Listed for sale | $399,000+33%$213/sqft |
Source: Friday and Company #20473629 Report a problem | ||
| 10/2/2018 | Listing removed | $2,050$1/sqft |
Source: Owner Report a problem | ||
| 9/14/2018 | Price change | $2,050-6.8%$1/sqft |
Source: Owner Report a problem | ||
| 8/17/2018 | Listed for rent | $2,200$1/sqft |
Source: Owner Report a problem | ||
| 11/26/2013 | Sold | $299,900$160/sqft |
Source: RMLS (OR) #13086538 Report a problem | ||
| 9/17/2013 | Listed for sale | $299,900$160/sqft |
Source: Portland Equities LLC dba Keller Williams, Portland Central #13086538 Report a problem | ||
| 3/22/2007 | Sold | $299,900+59.1%$160/sqft |
Source: Public Record Report a problem | ||
| 5/22/2000 | Sold | $188,450$101/sqft |
Source: Public Record Report a problem | ||
| 3/17/2000 | Sold | $188,450$101/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,759 +3.7% | $287,940 +3% |
| 2024 | $7,480 +4% | $279,560 +3% |
| 2023 | $7,192 +2.2% | $271,420 +3% |
| 2022 | $7,037 +1.7% | $263,520 +3% |
| 2021 | $6,917 +13.7% | $255,840 +7.5% |
| 2020 | $6,082 +3.8% | $238,050 +3% |
| 2019 | $5,858 | $231,120 +3% |
| 2018 | $5,858 +3% | $224,390 +3% |
| 2017 | $5,686 +14% | $217,860 +3% |
| 2016 | $4,987 | $211,520 +3% |
| 2015 | $4,987 +6.5% | $205,360 +3% |
| 2014 | $4,685 +11.2% | $199,380 +3% |
| 2013 | $4,214 +21.2% | $193,580 +3% |
| 2012 | $3,477 -6.3% | $187,950 +3% |
| 2011 | $3,711 -3.8% | $182,480 +3% |
| 2010 | $3,859 +2.7% | $177,170 +3% |
| 2009 | $3,758 +6% | $172,010 +3% |
| 2008 | $3,546 +0.3% | $167,000 +3% |
| 2007 | $3,536 +11.4% | $162,140 +3% |
| 2006 | $3,175 +4.7% | $157,420 +3% |
| 2005 | $3,033 -8.2% | $152,840 +3% |
| 2004 | $3,303 +2.3% | $148,390 +3% |
| 2003 | $3,230 +8.9% | $144,070 +3% |
| 2002 | $2,966 +7.4% | $139,880 +6.1% |
| 2000 | $2,763 | $131,860 |
Find assessor info on the county website
Neighborhood: Woodstock
Nearby schools
GreatSchools rating
- 9/10Grout Elementary SchoolGrades: K-5Distance: 0.6 mi
- 8/10Hosford Middle SchoolGrades: 6-8Distance: 1.4 mi
- 7/10Cleveland High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Grout
- 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.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$524,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$524,900
- Oregon
- Multnomah County
- Portland
- 97202
- Woodstock
- 4531 SE 40th Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Portland Topics
