#24290659, Terry Long, Listing office: Oregon First
$525,000 List price
2333 SE 40th Ave Portland, OR 97214
3 beds
1 full
2,540 sqft
0.1 acres
$207 / sqft
House
Property details
About 2333 SE 40th Ave
Bring your vision to life in this classic 2,540 sq ft bungalow, ideally situated on an oversized corner lot in one of SE Portland’s most desirable neighborhoods. Just blocks from the energy of Division, Hawthorne, and Clinton, this property offers a rare opportunity with incredible potential. The main floor features two bedrooms, a full bath, original hardwood floors, a cozy fireplace, and a charming kitchen with an inviting eat-in nook. Upstairs, a third bedroom awaits your creative touch, while the expansive unfinished basement provides ample space for additional living area, storage, or future development.Outside, a detached garage offers off-street parking or the perfect opportunity for an ADU conversion. Zoned R2.5, the lot allows for up to four units—making this an exceptional project for developers, builders, or investors seeking flexibility and upside. Whether you're looking to renovate, expand, or completely reimagine the space, the possibilities here are as exciting as the location itself. Buyer to conduct due diligence. Don’t miss this rare chance to create value in the heart of Portland’s vibrant inner eastside. [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239426]
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
Size2,540 sqft
BasementYes
Lot size0.12 Acres
Year built1942
MLS #334948615
Garage1 space
FireplaceWood Burning
Virtual tour
Summary
- Full Bathrooms: 1
- Basement: Yes
- Flooring Type: Wood
- Interior: Laundry, Washer/Dryer
- Fireplace: Wood Burning
- Total Bedroom Count: 3
- Garage Space: 1 space
- Attached Garage: No
- Architectural Style: Bungalow
- Heating: Forced Air
- List Price: $525,000
- Price/SqFt: $206
- Annual Tax Amount: $5,097
- Tax Year: 2023
- Lot: Level
- Directions: SE Cesar Chavez to SE Caruthers to SE 40th
- Year Built: 1942
- Stories: 3
- Living Area: 2,540 SqFt
- Lot Size: 0.12 Acres
- MLS Number: 334948615
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Living Room Realty
- Office Phone: (503) 719-5588
- Listing Agent: Jennifer O'Brien, Kat Gilpatrick
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/30/2025, 3:24:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 07, 2008 | Home Sold | $300,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $192,350 | $5,097 |
| 2022 | $186,750 | $4,986 |
| 2021 | $181,320 | $4,986 |
| 2020 | $176,040 | $4,902 |
| 2018 | $165,950 | $4,204 |
| 2017 | $161,120 | $4,030 |
History based on county public records data.
Nearby schools
8
Richmond Elementary School
Public District PK-5
0.1 mi
•2276 SE 41st Ave
8
Creston Elementary School
Public District EE-5
0.8 mi
•4701 SE Bush St
8
Atkinson Elementary School
Public District KG-5
0.8 mi
•5800 SE Division St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $70,179. The majority of Portland, OR residents have income between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
19%
<35k
58%
35k-100k
23%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
55%
Single, No Kids
15%
Single, with Kids
17%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
4%
12-17 yrs old
36%
18-34 yrs old
39%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Tennis
Hiking/backpacking- Men's Tennis
Where do the neighbors shop?
Crate & Barrel
Bloomingdales
Nordstrom Rack
Where do the neighbors go to eat?
Starbucks
The Cheesecake Factory
Boston Market
What do the neighbors drive?
BMW
Audi
Volvo
What do the neighbors listen to?
News
Alternative- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2333 SE 40th Ave
The listing price of 2333 SE 40th Ave property is $525,000.
The property 2333 SE 40th Ave is a house located in Portland, Oregon, 97214.
Active Listing: 2333 SE 40th Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2333 SE 40th Ave are: Richmond Elementary School (GreatSchools Rating 8/10), Creston Elementary School (GreatSchools Rating 8/10), Atkinson Elementary School (GreatSchools Rating 8/10), Sunnyside Environmental School (GreatSchools Rating 8/10), Hosford Middle School (GreatSchools Rating 7/10), Mt Tabor Middle School (GreatSchools Rating 8/10), Franklin High School (GreatSchools Rating 7/10), Cleveland High School (GreatSchools Rating 5/10), Benson Polytechnic High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $5,097 (source: MLS/based on county public records data).
The last sale was on August 7, 2008 for $300,000 (source: MLS/tax record).
The property at 2333 SE 40th Ave has 3 bedrooms and 2 bathrooms.
The property 2333 SE 40th Ave is 2,540 SqFt (source: MLS/tax record).
The year of construction for 2333 SE 40th Ave is 1942.
This home is located at 2333 SE 40th Ave in Portland, OR and zip code 97214 in the Southeast Portland neighborhood. This 2,540 square foot home, which was built in 1942, sits on a 0.12 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 8, 2025 and is currently priced at $525,000.
Portland, OR housing market in June 2025 saw over 355 listings sold above listed price, more than 190 sold at listed price and over 352 sold below. The number of listings in Portland, OR increased by 4.6% between May and June 2025. The median list price of listings available in June 2025 was $551,126, while the average time on the real estate market was 39 days.
From Rocket Homes Real Estate and based on county public records data.