Oregon
Portland
3718 Se 40TH Ave

$625,000

3718 Se 40TH Ave, Portland, OR 97202

2,384 sqft

Multi-Family Home
Built in 1953
6,970sqft lot
—— car garage
$262/sqft
Listed 1 month ago

Property Description

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.

Listing Status:: Active
Date Added:: June 19, 2025 at 05:00AM
Listing Office:: John L. Scott Portland Central : 503-230-8600
Listing Agent:: Doug Landers : 503-936-3905
MLS ID:: 494199141

Basement: Unfinished
A/C: Window unit
Heating: Forced air

This listing courtesy of Doug Landers, John L. Scott Portland Central

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Creston Elementary School

4701 SE Bush St, Portland, OR, 97206

Grades EE-5

0.29 miles away

Hosford Middle School

2303 SE 28th Pl, Portland, OR, 97214

Grades 6-8

1.06 miles away

Franklin High School

5405 SE Woodward St, Portland, OR, 97206

Grades 9-12

0.78 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.