$7,896 Closing Credit¹
#131531741, Jeff Ellers, Listing Office: Oregon First
$649,991 List price
4511 SE 40th Ave SE Portland, OR 97202
$7,719
Closing credit¹
2,045 sqft
0.06 acres
$318 / sqft
House
Property details
About 4511 SE 40th Ave SE
Exceptional investment opportunity! This fully remodeled property features both a stunning main residence and a separate ADU (Accessory Dwelling Unit) with proven Airbnb rental history averaging $2,000 monthly over 3+ years. Main Residence Highlights-Modernized kitchen featuring new appliances, tile countertops, and freshly painted gray cabinets- Elegant upgrades including custom light fixtures, new electrical switches and outlets throughout- Fresh two-tone paint on walls and ceilings- Durable laminate vinyl plank flooring and 6' baseboards- Smart thermostat and new AC system- Two spacious bedrooms, including primary suite with dual walk-in closets- New covered deck with custom design-Professional landscaping- Full perimeter fencing with new concrete walkways- Superior insulation: R-60 in attic and new crawl space coverage- Oversized one-car garage. ADU Features:- Complete one-bedroom unit- Full kitchen with stove, microwave, and refrigerator- Bedroom. walk in closet-bathroom. This thoughtfully renovated property combines modern amenities with proven income potential, making it an attractive investment opportunity.
Highlights
Home typeOther
HeatingForced Air
StatusActive
CoolingCentral Air
Size2,045 sqft
Lot size0.06 Acres
Year built1999
ParkingGarage, Garage Door Opener
MLS #348523201
Garage1 space
ViewCity
Summary
- MLS Number: 348523201
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Berkshire Hathaway HomeServices NW Real Estate
- Office Phone: (503) 652-1235
- Listing Agent: John Goodnight
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: 2/22/2025, 11:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$649,991
4511 SE 40th Ave SE
$7,719
closing credit¹
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0.5% sale price²
Price information
Property sales
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Tax history
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Nearby schools
8
Creston Elementary School
Public District EE-5
0.5 mi
•4701 SE Bush St
8
Grout Elementary School
Public District EE-5
0.5 mi
•3119 SE Holgate Blvd
7
Woodstock Elementary School
Public District KG-5
0.7 mi
•5601 SE 50th Ave
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 $41,058. The most common annual income of people living in Portland, OR is less than $<35k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
45%
<35k
36%
35k-100k
17%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
68%
Single, No Kids
6%
Single, with Kids
16%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
4%
12-17 yrs old
34%
18-34 yrs old
42%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Tennis
Major League Soccer (MLS)
Where do the neighbors shop?
IKEA
Crate & Barrel
Banana Republic
Where do the neighbors go to eat?
Quiznos
Starbucks
Jack In The Box
What do the neighbors drive?
Lexus
BMW
Toyota
What do the neighbors listen to?
Soft Adult Contemporary
News
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4511 SE 40th Ave SE
This home is located at 4511 SE 40th Ave SE in Portland, OR and zip code 97202 in the Southeast Portland neighborhood. This 2,045 square foot home, which was built in 1999, sits on a 0.06 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since February 21, 2025 and is currently priced at $649,991.
In January 2025 more than 140 listings in Portland, OR were sold above the asking price. During the same period more than 118 listings were sold at asking price, while more than 247 were sold below. Between December and January 2025, Portland, OR real estate market has seen increase in the number of listings by 6.6%. While the average time on the market in January 2025 was 71 days, the median list price was $545,233.
From Rocket Homes Real Estate and based on county public records data.