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4 Beds
2 Baths
1,840 sqft

$639,000

5017 SE 40TH AVE, Portland OR, 97202

Price per sqft$347.28
Built in1954
Property size1,840 sqft
Property typeResidential
Listing Courtesy of Keller Williams Realty Portland Premiere, Noah Kirshbaum. 503-957-3836

Overview

Active

Listed Nov 3, 2026

Updated 8h ago

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]

$4,251/mo

Est. mortgage payment based on a $639,000 home price.

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

Additional information

MLS® ID
510678529

Interior Features

Bedrooms
4
Bathrooms
2
Fireplace
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$6,070
Tax Frequency
Annually
View
Yes
55+/Senior Community
No
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Listing Courtesy of Keller Williams Realty Portland Premiere, Noah Kirshbaum. 503-957-3836

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 Eleete Real Estate 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 11/6/2026, 8:19 AM 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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