2333 SE 40TH AVEPortland, OR 97214
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Experience timeless mid-century design reimagined with refined updates, original character & exceptional versatility in the one of Portland's most sought after neighborhoods. Refinished hardwood floors, abundant natural light & black framed windows create a dramatic first impression, complemented by a crisp black-and-white exterior. Extensive improvements include new siding, roof, A/C & the convenience of dual laundry areas (main + basement).The functional layout offers two bedrooms on the main level alongside spacious living & dining areas. The open kitchen features an island, quartzite countertops & ceiling-height designer-selected cabinetry.The fully tiled lower level—with egress window, private side entrance, full bath, bar sink, storage & flexible enclosed space—offers endless possibilities, ideal for a fourth bedroom, family room, guest quarters, multigenerational living or potential dual-living setup.Rare R2.5 zoning provides opportunity for future expansion with potential for a garage, ADU or lot split (buyer to verify). City approved plans available for a custom 2-car garage with upper-level living space & bath; price subject to increase if built to specifications.Enjoy easy access to both Division & Hawthorne—known for award-winning dining, boutique shopping, cafés & Portland’s vibrant culture. Nearby favorites include acclaimed restaurants such as St. Jack, Ava Gene’s & more, along with proximity to Mount Tabor Park, neighborhood parks & recreation. Exceptional walkability with a Walk Score of 94, Bike Score of 99 & convenient transit access make this an unmatched urban lifestyle opportunity.
| 3 hours ago | Listing updated with changes from the MLS® | |
| 13 hours ago | Status changed to Active | |
| yesterday | Listing first seen on site |
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Last checked 2026-05-27 11:08 AM PDT.
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