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4 Beds
2 Baths
2,540 sqft

$825,000

2333 SE 40TH AVE, Portland OR, 97214

Price per sqft$324.80
Built in1942
Property size2,540 sqft
Property typeResidential
Listing Courtesy of Premiere Property Group, LLC, Kristina Horning. 503-523-8556

Overview

Active

Listed Aug 25, 2026

Updated 6 days ago

Ideally located in the heart of Richmond, just moments from the vibrant Division and Hawthorne districts, this extensively remodeled home offers the perfect balance of Portland character and modern updates. Expansive black-framed windows fill the home with natural light, while original hardwood floors and an arched opening from the living to dining preserve the warmth of the main level. Overlooking the backyard, the beautifully remodeled open kitchen features ceiling-height cabinetry, granite counters, a breakfast nook, entertainer’s island, abundant storage, and seamless flow into the living and dining areas. The upper primary bedroom features a skylight and walk-in closet, with potential to create a private ensuite bath. The fully finished lower level adds an entirely different dimension to the home with a family room, wet bar, full bathroom, egress window, generous storage, fourth bedroom or flex space, separate entrance, and a second laundry area. The layout offers incredible versatility for multigenerational living, guests, work-from-home space, hobbies, or additional living and entertaining. Outside, a fenced backyard and gated off-street parking provide room for multiple vehicles, an RV, boat, or recreational equipment—an uncommon find in this neighborhood. R2.5 zoning, a spacious corner lot, and city-approved plans for a detached two-car garage with future upper-level living space create even more possibilities, including potential ADU and additional development options (buyer to perform all due diligence). Just minutes from neighborhood parks, Mount Tabor, and the restaurants, shops, coffee, and energy of Division and Hawthorne, this is a rare opportunity to enjoy the timeless appeal and vibrant lifestyle of one of Portland's most desirable neighborhoods. Walk Score 92, Bike Score 99. [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239426]

$5,489/mo

Est. mortgage payment based on a $825,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
176208294

Interior Features

Bedrooms
4
Bathrooms
2
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Taxes
$5,498
Tax Frequency
Annually
55+/Senior Community
No
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Listing Courtesy of Premiere Property Group, LLC, Kristina Horning. 503-523-8556

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 brokerage firms other than are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on 9/30/2026, 7:17 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available

Listing content is copyright © 2026 RMLS™, Portland, Oregon. All rights reserved.

 

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