(541) 639-6402
Sign Up Login

5017 SE 40th Ave, Portland, OR 97202

$639,000
Matterport Tour Logo Virtual Tour

48 Photos

Property Description

ACCEPTED OFFER. Open Today 12-2. Back up offers only. 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]

5017 SE 40th Ave | MLS# 510678529

This single family home located at 5017 SE 40th Ave, Portland, OR 97202 is currently listed for sale with an asking price of $639,000. This property was built in 1954 and has 4 bedrooms and 2 full baths with 1840 sq. ft. SE 40th Ave is located in the Woodstock subdivision. Search Woodstock real estate on maggiewodehouse.bendpremierrealestate.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Daylight, Finished
Cooling: Air Conditioning Ready
Fenced: Yes
Fireplaces: 1
Fuel Type: Gas
Heating: Forced Air
Home Style: Daylight Ranch, Mid-Century Modern
Lot Size: 0.11 Acres
Roof Type: Composition
Stories: 2.0
Taxes: $6,070
Year Built: 1954
Square Feet: 1,840

Feature Descriptions

Accessibility: Caregiver Quarters, Main Floor Bedroom w-Bath, Minimal Steps
Bathroom: 1.0 (Lower), 1.0 (Main)
Days on Site: 4
Exterior: Brick, Wood Siding
Exterior: Covered Deck, Covered Patio, Cross Fenced, Deck, Fenced, Garden, Patio, Porch, Yard
Fireplace: Wood Burning
Green Certification: Yes
Hot Water: Gas
Interior: Ceiling Fan(s), Hardwood Floors, High Speed Internet, Laundry, Separate Living Quarters-Apartment-Aux Living Unit, Washer-Dryer, Wood Floors
Kitchen: Free-Standing Range, Free-Standing Refrigerator, Quartz, Range Hood
Lot: Corner Lot, Gentle Sloping, Level
Lot Dimensions: 4800
Parking Notes: Carport, Carport, Driveway
Rental Amount: $2650.00
Sewer: Public Sewer
Special View Info: Seasonal, Trees/Woods
Square Footage: 920 (Lower), 920 (Main)
Water: Public Water

Room Sizes

2nd Kitchen: 12 X 10 Level - Lower
_2ndPrimary Bedroom: 20 X 10 Level - Lower
Laundry: 12 X 11 Level - Lower
2nd Bedroom: 12 X 9 Level - Main
3rd Bedroom: 10 X 9 Level - Main
Dining Room: 12 X 8 Level - Main
Family Room: 19 X 8 Level - Lower
Kitchen: 10 X 8 Level - Main
Living Room: 12 X 11 Level - Main
Primary Bedroom: 13 X 10 Level - Main

Local Schools

High School: Cleveland
Middle School: Brentwood
Elementary School: Woodstock

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Portland Premiere
Agency Contact: 503-957-3836

Shown By

Agent Name: Maggie Wodehouse Broker
Agent Phone: (541) 639-6402
Agency Title: Bend Premier Real Estate

IDX logo

Estimate Your Payment

Estimated Payment

$ 3,923.34 per month $3,231.13 Principal & Interest $505.83 Property Tax $186.38 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/09/2026. The listing information on this page last changed on 11/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 11/09/2026 12:02:26 AM EST) or RMLS (last updated Sun 11/08/2026 11:57:22 PM EST) or COAR/MLSCO (last updated Mon 11/09/2026 12:01:19 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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 other brokerage firms 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. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Privacy Policy / DMCA Notice / ADA Accessibility

Login to My Homefinder