$649,000

7738 Sw 31ST Ave, Portland, OR 97219

3 beds |
3 baths |
2,390 sqft

Single-Family Home
Built in 1920
5,227sqft lot
—— car garage
$272/sqft
Listed 2 days ago

Property Description

Charming 1920s home in the heart of Multnomah Village, blending timeless character with thoughtful updates and flexible living potential. Zoned RM2, this property offers opportunity for residential, investment, or live/work use, with a history of both private residence and home-based business.Filled with natural light, the home features hardwood floors throughout (oak on main, fir upstairs), original woodwork, and classic built-ins. The spacious layout includes 3 bedrooms—two oversized—plus a dedicated office or art space. The primary suite offers a walk-in closet, and a butler's pantry adds everyday convenience.Recent updates include: new interior paint (2026), new chimney (2026), sewer line replacement (2025), newer furnace and ductless system, updated kitchen appliances and an EV charger. Oil tank has been decommissioned and registered with DEQ.The home also has a strong short-term rental history, professionally managed and marketed across multiple platforms.A separate basement entrance opens the door to ADU, multi-generational living potential, or a spacious garden level workshop. Enjoy a large, private backyard, attic storage, and excellent walkability just moments from shops, dining, and the Multnomah Arts Center. A rare opportunity to own a versatile and character-rich property in one of Portland’s most beloved neighborhoods, just steps away from Multnomah Village.

Listing Status:: Active
Date Added:: April 2, 2026
Data Last Updated:: April 5, 2026 at 3:42AM
Listing Office:: Windermere Realty Trust : 503-233-7777
Listing Agent:: Alexis King : 503-964-2928
MLS ID:: 643309575

General: Ceiling fanHardwood floorsWasher dryerWood floors
Appliances: DishwasherFree standing rangeFree standing refrigeratorGraniteStainless steel appliance
Basement: Partially finished
Heating: Forced air
Fireplace: Wood burningFireplaceFireplaces: 1

General: Wood sidingDeckFencedGardenPorchYard
Style: Stories 2Bungalow
Parking: DrivewayEv readyParking spaces: 0

Roofing: Composition
Windows: StormWindow
General: Concrete perimeter

Road/Access: Paved
Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: RM2RYAN PLBLOCK 1S 57' OF W 88' OF LOT 2R263268

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Alexis King , Windermere Realty Trust

Monthly Payment

$Est. Payment

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

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Maplewood Elementary School

7452 SW 52nd Ave, Portland, OR, 97219

Grades KG-5

1.03 miles away

Jackson Middle School

10625 SW 35th Ave, Portland, OR, 97219

Grades 6-8

1.39 miles away

Ida B. Wells High School

1151 SW Vermont St, Portland, OR, 97219

Grades 9-12

1.06 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.