A hidden gem with so much potential, perfectly positioned in one of Portland’s most desirable neighborhoods. Develop your dreams, develop a profitable project, or develop your own urban oasis—your call—and enjoy tacos at Por Que No? while you do it. This compelling opportunity sits in the heart of the Sunnyside neighborhood, just half a block from Belmont Street and surrounded by some of Southeast Portland’s most beloved restaurants, cafés, and local shops. Well suited for a residential buyer, remodeler, or investor seeking a value-add opportunity, the property features an extra-deep 50’ x 180’ lot spanning approximately 9,000 square feet—offering flexibility rarely found in such a prime, walkable location. The existing home provides approximately 1,500 square feet of living space plus a 792 square foot unfinished basement, creating a solid foundation for renovation and long-term improvement. Buyers may choose to retain the exceptionally large backyard as a private urban retreat, or explore the meaningful upside potential for additional development. Zoned R2.5, the property allows the existing home to be remodeled with potential to add additional units or pursue development behind it to fully leverage the depth of the lot—or tear down and reimagine the site entirely. With immediate proximity to many of Portland’s favorite dining destinations and neighborhood amenities, opportunities offering this scale, flexibility, and location are increasingly rare. Don’t miss out on this urban Sunnyside opportunity. Buyer to perform their own due diligence with the City regarding development potential.
Sold
$650,000
640 SE 47th Ave, Portland, OR 97215
3beds
2,294sqft
Residential, Single Family Residence
Built in 1905
9,147 Square Feet Lot
$706,000 Zestimate®
$283/sqft
$3,763 Estimated rent
Home value
$706,000
$671,000 - $741,000
$3,763/mo
Zestimate® history
Owner options
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$3,763/mo
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$3,763/mo
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$4,046/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Darryl Bodle 503-709-4632,
Keller Williams Realty Portland Premiere,
Kelly Christian 908-328-1873,
Keller Williams Realty Portland Premiere
Bought with:
Darryl Bodle, 199910100
Keller Williams Realty Portland Premiere
Source: RMLS (OR),MLS#: 387132670
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Rooms
- Room types: Laundry, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Upper
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Main
Dining room
- Level: Main
Kitchen
- Features: Dishwasher, Free Standing Range, Free Standing Refrigerator
- Level: Main
Living room
- Level: Main
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Dishwasher, Free-Standing Range, Plumbed For Ice Maker, Stainless Steel Appliance(s), Washer/Dryer, Free-Standing Refrigerator, Electric Water Heater, Tank Water Heater
- Laundry: Laundry Room
Features
- Hookup Available
- Windows: Vinyl Frames
- Basement: Full,Unfinished
Interior area
- Total structure area: 2,294
- Total interior livable area: 2,294 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Main Floor Bedroom Bath, Natural Lighting, Accessibility
Features
- Levels: Two
- Stories: 3
- Patio & porch: Porch
- Exterior features: Yard
- Fencing: Fenced
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 9,147 Square Feet
- Dimensions: 50 x 180
- Features: Level, SqFt 7000 to 9999
Details
- Additional structures: HookupAvailable
- Parcel number: R149808
- Zoning: R2.5
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Lap Siding, Metal Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Fixer
- New construction: No
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Sidewalk
- Subdivision: Sunnyside
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $283/sqft
- Tax assessed value: $633,720
- Annual tax amount: $5,753
- Date on market: 1/29/2026
- Cumulative days on market: 11 days
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2026 | Sold | $650,000-7.1%$283/sqft |
Source:  RMLS (OR) #387132670 Report a problem | ||
| 2/10/2026 | Pending sale | $699,900$305/sqft |
Source: RMLS (OR) #387132670 Report a problem | ||
| 1/29/2026 | Listed for sale | $699,900+67.4%$305/sqft |
Source: RMLS (OR) #387132670 Report a problem | ||
| 2/21/2018 | Sold | $418,000+4.8%$182/sqft |
Source: RMLS (OR) #17253927 Report a problem | ||
| 1/17/2018 | Pending sale | $399,000$174/sqft |
Source: John L Scott Real Estate #17253927 Report a problem | ||
| 1/11/2018 | Listed for sale | $399,000$174/sqft |
Source: John L Scott Real Estate #17253927 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,753 +3.7% | $213,510 +3% |
| 2024 | $5,546 +4% | $207,300 +3% |
| 2023 | $5,333 +2.2% | $201,270 +3% |
| 2022 | $5,218 +1.7% | $195,410 +3% |
| 2021 | $5,130 +9% | $189,720 +3% |
| 2020 | $4,706 +3.8% | $184,200 +3% |
| 2019 | $4,533 | $178,840 +3% |
| 2018 | $4,533 +3% | $173,640 +3% |
| 2017 | $4,400 +14% | $168,590 +3% |
| 2016 | $3,859 | $163,680 +3% |
| 2015 | $3,859 +2.7% | $158,920 +3% |
| 2014 | $3,758 +3.9% | $154,300 +3% |
| 2013 | $3,615 +10.5% | $149,810 +3% |
| 2012 | $3,271 +3.9% | $145,450 +3% |
| 2011 | $3,148 +5.4% | $141,220 +3% |
| 2010 | $2,986 +2.7% | $137,110 +3% |
| 2009 | $2,908 +6% | $133,120 +3% |
| 2008 | $2,745 +0.3% | $129,250 +3% |
| 2007 | $2,736 +11.4% | $125,490 +3% |
| 2006 | $2,457 +4.7% | $121,840 +3% |
| 2005 | $2,347 -8.2% | $118,300 +3% |
| 2004 | $2,557 +2.3% | $114,860 +3% |
| 2003 | $2,500 +8.9% | $111,520 +3% |
| 2002 | $2,296 +7.4% | $108,280 +6.1% |
| 2000 | $2,138 | $102,070 |
Find assessor info on the county website
Neighborhood: Sunnyside
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Nearby schools
GreatSchools rating
- 10/10Glencoe Elementary SchoolGrades: K-5Distance: 0.1 mi
- 10/10Mt Tabor Middle SchoolGrades: 6-8Distance: 0.5 mi
- 6/10Franklin High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Glencoe
- Middle: Mt Tabor
- 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.
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Estimated market value
$706,000
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Estimated market value
$706,000
- Oregon
- Multnomah County
- Portland
- 97215
- Sunnyside
- 640 SE 47th Ave
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