4 days on RocketTour
$10,000 Closing Credit¹
#210908121, Darryl Bodle, Kelly Christian, Listing Office: Keller Williams Realty Portland Premiere
$1,479,900 List price
7040 N Leonard Ave Portland, OR 97203
$10,000
Closing credit¹
House
Property details
About 7040 N Leonard Ave
Exceptional Four-Unit Investment Opportunity in the Heart of St. Johns. Located in one of Portland’s most vibrant and scenic neighborhoods, this thoughtfully designed fourplex offers modern living, strong rental potential, and a rare opportunity to own a quality-built multifamily property in a prime location. Each unit features an open-concept Great Room layout with soaring ceilings and large windows that provide abundant natural light and a spacious feel. High-end finishes include stainless steel appliances, solid surface countertops, tile backsplashes, custom cabinetry, and open shelving in the kitchens. Units also offer a convenient half bath on the main level, with two bedrooms and two full bathrooms upstairs—including a private ensuite in each primary bedroom. All units enjoy access to a fenced-in patio space and one unit with a large shared backyard—ideal for tenants who value outdoor living, gardening, or pet-friendly amenities. Situated near Cathedral, Northgate, McKenna, St. Johns, and Pier Parks, and just across the St. Johns Bridge from Forest Park, this property is surrounded by popular local businesses including John Street Café, Two Stroke Coffee, The Fixin’ To, and top neighborhood breweries. Built by a respected local Street of Dreams builder, this property will be an excellent addition to any investment portfolio with strong rental appeal, quality construction, and a location tenants will love.
Highlights
Home typeOther
HeatingZoned
StatusActive
CoolingZoned
Year built2025
MLS #722164230
ViewTrees/Woods
Summary
- Attached Garage: No
- View: Trees/Woods
- Heating: Zoned
- Cooling: Zoned
- List Price: $1,479,900
- Lot: Corner Lot, Level
- Directions: The Corner of N Leonard and Alma
- Year Built: 2025
- Stories: 2
- MLS Number: 722164230
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Keller Williams Realty Portland Premiere
- Office Phone: (503) 597-2444
- Listing Agent: Darryl Bodle, Kelly Christian
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: 6/1/2025, 3:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,479,900
7040 N Leonard Ave
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
6
James John Elementary School
Public District KG-5
0.6 mi
•7439 N Charleston Ave
6
Sitton Elementary School
Public District EE-5
1.2 mi
•9930 N Smith St
2
Rosa Parks Elementary School
Public District KG-5
1.3 mi
•8960 N Woolsey 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 $50,250. 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 high school diploma education.
How much money do the neighbors make?
30%
<35k
64%
35k-100k
6%
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?
48%
Single, No Kids
15%
Single, with Kids
18%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
7%
12-17 yrs old
31%
18-34 yrs old
36%
35-64 yrs old
9%
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 7040 N Leonard Ave
The listing price of 7040 N Leonard Ave property is $1,479,900.
The property 7040 N Leonard Ave is a house located in Portland, Oregon, 97203.
Active Listing: 7040 N Leonard Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7040 N Leonard Ave are: James John Elementary School (GreatSchools Rating 6/10), Sitton Elementary School (GreatSchools Rating 6/10), Rosa Parks Elementary School (GreatSchools Rating 2/10), George Middle School (GreatSchools Rating 4/10), Astor Elementary School (GreatSchools Rating 7/10), Cesar Chavez Elementary School (GreatSchools Rating 4/10), Roosevelt High School (GreatSchools Rating 5/10), Jefferson High School (GreatSchools Rating 8/10), Metropolitan Learning Center (GreatSchools Rating 7/10).
The property at 7040 N Leonard Ave has 0 bathroom.
The year of construction for 7040 N Leonard Ave is 2025.
This home is located at 7040 N Leonard Ave in Portland, OR and zip code 97203 in the North Portland neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 29, 2025 and is currently priced at $1,479,900.
While more than 338 listings in Portland, OR in April 2025 were sold above asking price, there were more than 186 listings sold at asking price, and more than 313 were sold below. The inventory of homes for sale in Portland, OR between March and April 2025 increased by 18.3%. In April 2025, listings were on the market for 48 days. During the same period, the median list price in this real estate market was $549,429.
From Rocket Homes Real Estate and based on county public records data.