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Sold
    • $546,500

    5523 SE 40th Ave, Portland, OR 97202

    2beds
    1,526sqft
    Residential, Single Family Residence
    Built in 1920
    5,227 Square Feet Lot
    $522,500 Zestimate®
    $358/sqft
    $2,830 Estimated rent

    Home value

    $522,500

    $496,000 - $549,000

    $2,830/mo

    Zestimate® history
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    What's special

    Mantled fireplaceWest hills sunset views
    Uniquely designed and incredibly chic European inspired "cabin-style" 1 bedroom main home living area with additional 1 bedroom newly renovated living area offering extra income opportunity! This super cool home feels like your own private tree-house with ultra-privacy and West Hills sunset views! An array of windows and skylights flood the home with natural light, and the mantled fireplace brings cozy warm winter nights to life! Located on a quiet and lush dead-end street in the coveted and conveniently close-in Woodstock/Reed College neighborhood. The huge attached covered decks on each floor offer valuable and fun year-round outdoor living space options. The main home features high vaulted natural-wood ceilings with skylights throughout to give this home hard to match bright and airy environment. Outstanding custom built-ins galore allow ultimate personalization and storage options throughout the home. A very bright and open-air kitchen is loaded with cabinet and pantry storage, and maximum counter top space with eating bar that is ideal for cooking and gathering. Beautiful ceramic tile and granite kitchen countertops and tiled bathtub/shower add even more custom appeal. The 1 bedroom living space in the walk-out lower level was newly remodeled in 2025 with a current $1,700 month-to-month rental income. Other recent upgrades include a mini-split HVAC in 2023, new roof in 2023, new sewer line in 2022, and a new radon system in 2024. All Appliances, including a Wolf Professional Gas Range, are being offered with the home as well! This is truly unique and rare gem of a home awaits you! [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10200734]

    Zillow last checked:

    Listing updated:

    Listed by:

    Tom Portlock 503-475-7423,

    MORE Realty

    Bought with:

    Ash Amstutz, 201209289

    Urban Nest Realty

    Source: RMLS (OR),MLS#: 497514717MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 1
    Rooms
    • Room types: 2nd Kitchen, Bedroom 2, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
    Primary bedroom
    • Level: Main
    Dining room
    • Features: Builtin Features, Living Room Dining Room Combo, Skylight, Tile Floor, Vaulted Ceiling
    • Level: Main
    Kitchen
    • Features: Builtin Features, Dishwasher, Eat Bar, Garden Window, Gas Appliances, Pantry, Skylight, Updated Remodeled, Free Standing Range, Free Standing Refrigerator, Tile Floor
    • Level: Main
    Living room
    • Features: Builtin Features, Ceiling Fan, Deck, Fireplace, Skylight, Sliding Doors, Tile Floor
    • Level: Main
    Heating
    • Forced Air, Fireplace(s)
    Cooling
    • Has cooling: Yes
    Appliances
    • Included: Dishwasher, Free-Standing Gas Range, Free-Standing Range, Free-Standing Refrigerator, Gas Appliances, Stainless Steel Appliance(s), Washer/Dryer, Gas Water Heater
    • Laundry: Laundry Room
    Features
    • Ceiling Fan(s), High Ceilings, Vaulted Ceiling(s), Built-in Features, Living Room Dining Room Combo, Eat Bar, Pantry, Updated Remodeled, Tile
    • Flooring: Tile
    • Doors: Sliding Doors
    • Windows: Aluminum Frames, Double Pane Windows, Skylight(s), Garden Window(s)
    • Basement: Exterior Entry,Finished,Separate Living Quarters Apartment Aux Living Unit
    • Number of fireplaces: 1
    • Fireplace features: Wood Burning
    Interior area
    • Total structure area: 1,526
    • Total interior livable area: 1,526 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    • Patio & porch: Covered Deck, Covered Patio, Deck
    • Exterior features: Garden, Yard
    • Has view: Yes
    • View description: Territorial
    Lot
    • Size: 5,227 Square Feet
    • Dimensions: 5,000 sf
    • Features: Bluff, Gentle Sloping, Secluded, Trees, SqFt 5000 to 6999
    Details
    • Additional structures: GuestQuarters, SeparateLivingQuartersApartmentAuxLivingUnit
    • Parcel number: R312831

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cabin,Daylight Ranch
    • Property subtype: Residential, Single Family Residence
    Materials
    • Cedar, Shingle Siding
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Gas: Gas
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Portland

    Financial & listing details

    • Price per square foot: $358/sqft
    • Tax assessed value: $488,690
    • Annual tax amount: $5,142
    • Date on market: 9/1/2026
    • Cumulative days on market: 8 days
    • Listing terms: Cash,Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    10/6/2026Sold$546,500+4.1%$358/sqft
    Source: RMLS (OR) #497514717 Report a problem
    9/18/2026Pending sale$525,000+19.3%$344/sqft
    Source: RMLS (OR) #497514717 Report a problem
    4/16/2026Listing removed$1,600$1/sqft
    Source: Zillow Rentals Report a problem
    4/6/2026Listed for rent$1,600$1/sqft
    Source: Zillow Rentals Report a problem
    6/24/2022Sold$440,000+3.5%$288/sqft
    Source: RMLS (OR) #22273048 Report a problem
    5/9/2022Pending sale$425,000$279/sqft
    Source: RMLS (OR) #22273048 Report a problem
    5/1/2022Listed for sale$425,000+87.6%$279/sqft
    Source: RMLS (OR) #22273048 Report a problem
    12/1/2010Sold$226,500-11.1%$148/sqft
    Source: Public Record Report a problem
    7/24/2010Price change$254,900-5.6%$167/sqft
    Source: JMA Properties LLC #10057210 Report a problem
    7/14/2010Listed for sale$269,900+46.6%$177/sqft
    Source: JMA Properties LLC #10057210 Report a problem
    8/10/2004Sold$184,075$121/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,143 +3.7%$190,870 +3%
    2024$4,958 +4%$185,320 +3%
    2023$4,768 +2.2%$179,930 +3%
    2022$4,665 +1.7%$174,690 +3%
    2021$4,586 +9%$169,610 +3%
    2020$4,207 +3.8%$164,670 +3%
    2019$4,052 $159,880 +3%
    2018$4,052 +3%$155,230 +3%
    2017$3,933 +14%$150,710 +3%
    2016$3,450 $146,330 +3%
    2015$3,450 +2.7%$142,070 +3%
    2014$3,360 +3.9%$137,940 +3%
    2013$3,232 +10.5%$133,930 +3%
    2012$2,924 +3.9%$130,030 +3%
    2011$2,814 +5.4%$126,250 +3%
    2010$2,670 +2.7%$122,580 +3%
    2009$2,600 +6%$119,010 +3%
    2008$2,454 +0.3%$115,550 +3%
    2007$2,446 +11.4%$112,190 +3%
    2006$2,197 +4.7%$108,930 +3%
    2005$2,098 -8.2%$105,760 +3%
    2004$2,285 +2.3%$102,680 +3%
    2003$2,235 +8.9%$99,690 +3%
    2002$2,053 +7.4%$96,790 +6.1%
    2000$1,912 +7.5%$91,250 +3%
    1999$1,778 $88,600
    Find assessor info on the county website

    Neighborhood: Woodstock

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Woodstock
    • 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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    Estimated market value
    $522,500
    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
    $522,500

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