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(503) 866-1312
Real Estate Company
5017 SE 40TH AVE, Portland, OR 97202
- $639,000
- 4
- BD
- 2
- BA
- 1,840
- SqFt
- List Price
- $639,000
- Days on Market
- 0
- Status
- ACTIVE
- MLS#
- 510678529
- Rent
- 2650
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1,840
- Lot Size
- 3, 000 to 4, 999 SqFt
- Region
- Portland Southeast
Property Description
Location and versatility in the heart of Woodstock! This beautifully updated 4-bedroom, 2-bath home offers 1,840 square feet of flexible living space on a spacious corner lot in a fantastic Southeast Portland location.The main level features three bedrooms, a welcoming living room with a wood-burning fireplace, and a kitchen with beautiful quartz countertops and direct access to the spacious deck, perfect for entertaining or relaxing outdoors.The lower level offers incredible possibilities! Complete with a full kitchen featuring quartz countertops, its own furnace, and a wall-mounted AC unit, this versatile space could serve as a private primary suite, multigenerational living quarters, or a potential rental opportunity. The home has a successful history as a rental property, making it an appealing option for both homeowners and investors.Recent improvements include fresh paint, new decking materials, and updated hardware. Outside, the expansive corner lot offers plenty of room for gardening, entertaining, or exploring the possibility of an ADU or additional living space.Enjoy the convenience of being within walking distance of Woodstock’s popular restaurants, coffee shops, grocery stores, and neighborhood shopping, with many parks nearby and easy access to major bus lines. Amazing public schools within walking distance. Enjoy convenient walking access to Reed College, Sellwood, and Eastmoreland.Move-in ready with room to grow, this Woodstock property offers an exceptional combination of location, flexibility, and future potential. Seller offering a up front rate buy down. [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10206804]
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Additional Information
- Tax Amount
- $6,070
- Year Built
- 1954
- High School
- Cleveland
- Elementary School
- Woodstock
- Middle School
- Brentwood
- Fireplaces Total
- 1
- Garage Type
- Carport
- Acres
- 0.11
- Living Area
- 1,840
- Stories
- 2
- Subdivision
- Woodstock
- Property Type
- Single Family Residence
- Lot Size Dimension
- 4800
- Terms
- Cash, Conventional, FHA, VA Loan
- Accessibility Features
- Caregiver Quarters, Main Floor Bedroom w/Bath, Minimal Steps
- Master Bedroom Level
- Main
- Cooling Description
- Air Conditioning Ready
- Fireplace Description
- Wood Burning
- Fuel Description
- Gas
- Heating Description
- Forced Air
- Hot Water Description
- Gas
- Exterior Description
- Brick, Wood Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Style
- Daylight Ranch, Mid-Century Modern
- View
- Seasonal, Trees/Woods
- Parking
- Carport, Driveway
- Parking Description
- Carport, Driveway
- Road Surface
- Paved
- Exterior Features
- Covered Deck, Covered Patio, Cross Fenced, Deck, Fenced, Garden, Patio, Porch, Yard
- Interior Features
- Ceiling Fan(s), Hardwood Floors, High Speed Internet, Laundry, Separate Living Quarters/Apartment/Aux Living Unit, Washer/Dryer, Wood Floors
- Kitchen Appliances
- Free-Standing Range, Free-Standing Refrigerator, Quartz, Range Hood
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Listing courtesy of Keller Williams Realty Portland Premiere.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.