Bought with Keller Williams Realty Portland Premiere
$625,000
$625,000
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3718 SE 40TH AVE Portland, OR 97202
2,384 SqFt
Key Details
Sold Price $625,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,384 sqft
Price per Sqft $262
Subdivision Creston-Kenilworth
MLS Listing ID 494199141
Sold Date 11/18/25
Year Built 1953
Annual Tax Amount $7,960
Tax Year 2024
Lot Size 6,969 Sqft
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.
Location
State OR
County Multnomah
Community Laundry
Area _143
Zoning R5
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Window Unit
Exterior
Community Features Laundry
Roof Type Composition
Garage No
Building
Lot Description Public Road
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Creston
Middle Schools Kellogg
High Schools Franklin
Others
Acceptable Financing Cash, Conventional, VALoan
Listing Terms Cash, Conventional, VALoan
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