4731 Se 40TH Ave, Portland, OR 97202

• 5 beds |
• 3 baths |
• 2,710 sqft

Property Description

OPEN HOUSE 6/27, 11am-1pm. Best of Old and New! This beautifully preserved 1907 farmhouse blends timeless character with thoughtful modern updates. Original charm shines throughout with high ceilings, built-ins, hardwood floors, tongue-and-groove ceilings, and classic beadboard details. The stylishly remodeled kitchen and stunning designer-inspired primary suite bring contemporary comfort to this historic home. With 5 bedrooms, 3 bathrooms, including a convenient Jack-and-Jill bath, and two full kitchens; there is room for everyone. A sliding glass door opens to a private deck overlooking a beautifully landscaped, fully fenced backyard oasis complete with a hot tub (new in 2023), fire pit gathering area, and lush lawn. The lower level is configured as a private living space with its own entrance, full kitchen, and flexible layout. Currently operating as a successful Airbnb, this space enjoys strong occupancy and offers excellent income-producing potential or an ideal setup for guests, multigenerational living, or a home office. A rare opportunity to enjoy historic farmhouse charm, modern amenities, and exceptional versatility all in one remarkable property in a coveted neighborhood! [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10026278]

Listing Status:

Active

Date Added:

June 19, 2026

Data Last Updated:

June 26, 2026 at 12:41AM

Listing Office:

Corcoran Prime : 503-321-2000

Listing Agent:

Phuong Hart : 503-449-4904

MLS ID:

668277082

Interior

• General: Concrete floorHardwood floorsHigh ceilingsSeparate living quarters apartment aux living unitSkylightTile floorWainscotingWallto wall carpetWasher dryer
• Appliances: Builtin rangeBuiltin refrigeratorDishwasherGas appliancesIslandTile
• Basement: FinishedSeparate living quarters apartment aux living unit
• A/C: Central air
• Heating: Forced air

Exterior

• General: Cement sidingShingle sidingCovered deckDog runFencedGardenPorchYard
• Style: Farmhouse
• Parking: On streetParking spaces: 0

Construction

• Roofing: Composition

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Multnomah

Lot

• Zoning: GRACELANDBLOCK 4LOT 4R172271

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.