5523 SE 40th Ave, Portland, OR 97202
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
5523 SE 40th Ave,Portland, OR 97202
$525,000
- 2 Beds
- 2 Baths
- 1,526 sq. ft.
- Single family
- Active
Listed by: tom portlock
Office: more realty503-353-6673
MLS#:497514717
Source:PORTLAND
Price summary
- Price:$525,000
- Price per sq. ft.:$344.04
About this home
Uniquely designed and incredibly chic European inspired "cabin-style" 1 bedroom home with additional 1 bedroom newly renovated living unit offering extra income opportunity! This super cool home feels like your own private tree-house with ultra-privacy and West Hills sunset views! An array of windows and skylights flood the home with natural light, and the mantled fireplace brings cozy warm winter nights to life! Located on a quiet and lush dead-end street in the coveted and conveniently close-in Woodstock/Reed College neighborhood. The huge attached covered decks on each floor offer valuable and fun year-round outdoor living space options. The main home features high vaulted natural-wood ceilings with skylights throughout to give this home hard to match bright and airy environment. Outstanding custom built-ins galore allow ultimate personalization and storage options throughout the home. A very bright and open-air kitchen is loaded with cabinet and pantry storage, and maximum counter top space with eating bar that is ideal for cooking and gathering. Beautiful ceramic tile and granite kitchen countertops and tiled bathtub/shower add even more custom appeal. The 1 bedroom living space in the walk-out lower level was newly constructed in 2025 with a current $1,700 month-to-month rental income. Other recent upgrades include a mini-split HVAC in 2023, new roof in 2023, new sewer line in 2022, and a new radon system in 2024. All Appliances, including a Wolf Professional Gas Range, are being offered with the home as well! This is truly unique and rare gem of a home awaits you!...
Contact an agent
Home facts
- Year built:1920
- Listing ID #:497514717
- Added:3 day(s) ago
- Updated:September 05, 2026 at 01:26 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Kitchen Description:Dishwasher, Free Standing Gas Range, Free Standing Range, Free Standing Refrigerator, Gas Appliances, Pantry, Stainless Steel Appliance, Tile
- Basement Description:Exterior Entry, Finished, Separate Living Quarters/apartment/aux Living Unit
- Living area:1,526 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1920
- Building area:1,526 sq. ft.
- Lot area:0.12 Acres
- Lot Features:Bluff, Gentle Sloping, Secluded, Trees
- Architectural Style:Cabin, Daylight Ranch
- Exterior Features:Covered Deck, Covered Patio, Deck, Garden, Guest Quarters, Second Residence, Yard
- Foundation Description:Concrete Perimeter
- Levels:2 Stories
Schools
- High school:Cleveland
- Middle school:Lane
- Elementary school:Woodstock
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$525,000
- Price per sq. ft.:$344.04
- Tax amount:$5,143 (2025)
Features and amenities
- Laundry features:Washer/Dryer
- Amenities:Aluminum Frame Windows, Ceiling Fan, Double Pane Window(s), High Ceilings, Laundry, Tile Floor, Vaulted Ceiling
Parking
- Parking description:On street
New listings near 5523 SE 40th Ave
- Open Sat, 1 to 3pmNew
$414,000Active2 beds 2 baths1,255 sq. ft.15404 NE Eugene St, Portland, OR 97230
MLS# 131742343Listed by: RE/MAX EQUITY GROUP - New
$199,500Active1 beds 1 baths509 sq. ft.1234 SW 18th Ave #301, Portland, OR 97205
MLS# 202679946Listed by: KNIPE REALTY ERA POWERED - New
$539,000Active3 beds 2 baths1,158 sq. ft.9241 SE Main St, Portland, OR 97216
MLS# 263801566Listed by: OREGON FIRST - New
$207,500Active2 beds 1 baths616 sq. ft.3344 SE 150th Ave, Portland, OR 97236
MLS# 793916732Listed by: MAL & SEITZ
$809,000Active4 beds 3 baths2,325 sq. ft.8817 SW 49th Ave, Portland, OR 97219
MLS# 171263525Listed by: OPT
$489,900Pending2 beds 2 baths980 sq. ft.2028 SE 34th Ave, Portland, OR 97214
MLS# 692088757Listed by: BROKER WEST REAL ESTATE CO- New
$590,000Active3 beds 3 baths1,470 sq. ft.4521 SW Brugger St, Portland, OR 97219
MLS# 204147402Listed by: WINDERMERE REALTY TRUST - New
$219,900Active1 beds 1 baths694 sq. ft.940 NW Naito Pkwy #L15, Portland, OR 97209
MLS# 224583275Listed by: KELLY RIGHT REAL ESTATE OF PORTLAND, LLC - New
$265,000Active1 beds 1 baths608 sq. ft.410 NW Uptown Ter, Portland, OR 97210
MLS# 729090226Listed by: LIVING ROOM REALTY - Open Sun, 1 to 4pmNew
$855,000Active3 beds 2 baths1,976 sq. ft.2615 SW Scenic Dr, Portland, OR 97225
MLS# 615820404Listed by: EXP REALTY, LLC