#546306588, Anthony Nelson, Listing office: Equity Oregon Real Estate
Property details
About 3718 SE 40th Ave
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.
Highlights
Home typeOther
HeatingForced Air
StatusActive
CoolingWindow Unit(s)
Size2,384 sqft
BasementYes
Lot size0.16 Acres
Year built1953
ParkingGarage, Street Parking
MLS #494199141
Summary
- Basement: Yes
- Attached Garage: No
- Parking: Garage, Street Parking
- Heating: Forced Air
- Cooling: Window Unit(s)
- List Price: $625,000
- Price/SqFt: $262
- Directions: Powell Blvd - South on SE 40th
- Year Built: 1953
- Stories: 1
- Living Area: 2,384 SqFt
- Lot Size: 0.16 Acres
- MLS Number: 494199141
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: John L. Scott Portland Central
- Office Email: neportland@johnlscott.com
- Listing Agent: Doug Landers, Maddie Landers
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: 7/24/2025, 6:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
8
Creston Elementary School
Public District EE-5
0.3 mi
•4701 SE Bush St
8
Richmond Elementary School
Public District PK-5
0.7 mi
•2276 SE 41st Ave
8
Grout Elementary School
Public District EE-5
0.7 mi
•3119 SE Holgate Blvd
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 $40,731. The most common annual income of people living in Portland, OR is between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
44%
<35k
47%
35k-100k
8%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
67%
Single, No Kids
9%
Single, with Kids
14%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
4%
12-17 yrs old
39%
18-34 yrs old
41%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Major League Soccer (MLS)
Tennis
Where do the neighbors shop?
H&M
Banana Republic
Crate & Barrel
Where do the neighbors go to eat?
Chipotle
Jack In The Box
Starbucks
What do the neighbors drive?
Volkswagen
Toyota
BMW
What do the neighbors listen to?
Rhythmic Contemporary Hits
Jazz
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3718 SE 40th Ave
The listing price of 3718 SE 40th Ave property is $625,000.
The property 3718 SE 40th Ave is a house located in Portland, Oregon, 97202.
Active Listing: 3718 SE 40th Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3718 SE 40th Ave are: Creston Elementary School (GreatSchools Rating 8/10), Richmond Elementary School (GreatSchools Rating 8/10), Grout Elementary School (GreatSchools Rating 8/10), Hosford Middle School (GreatSchools Rating 7/10), Sunnyside Environmental School (GreatSchools Rating 8/10), Winterhaven School (GreatSchools Rating 9/10), Franklin High School (GreatSchools Rating 7/10), Cleveland High School (GreatSchools Rating 5/10), Leodis V. McDaniel High School (GreatSchools Rating 6/10).
The property at 3718 SE 40th Ave has 0 bathroom.
The property 3718 SE 40th Ave is 2,384 SqFt (source: MLS/tax record).
The year of construction for 3718 SE 40th Ave is 1953.
This home is located at 3718 SE 40th Ave in Portland, OR and zip code 97202 in the Southeast Portland neighborhood. This 2,384 square foot home, which was built in 1953, sits on a 0.16 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since June 19, 2025 and is currently priced at $625,000.
In June 2025 more than 355 listings in Portland, OR were sold above the asking price. During the same period more than 190 listings were sold at asking price, while more than 352 were sold below. The inventory of homes for sale in Portland, OR between May and June 2025 increased by 4.6%. In June 2025, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $551,126.
From Rocket Homes Real Estate and based on county public records data.