10244 SW 40TH AVE

Portland, OR 97219

Active

Multifamily

Virtual Tour

$575,000

Welcome home to this beautifully remodeled 1949 classic on a corner lot in the sought-after Huber neighborhood! Offering 5 bedrooms, 3 full bathrooms, and 2,300 square feet across three levels, this home blends timeless character with modern comfort. The main level features a warm and inviting living and dining area… Read MoreRead Less

Listing courtesy of Northwest Realty Source.

Listing Snapshot

Days Online

Last Updated

Oct 14, 2026

Square Ft.

2,300

Year Built

1949

MLS Number

576653717

30 Days Snapshot Of 97219

$711k

-7%

(avg) sold price

homes sold

+47%

(avg) days on market

Snapshot

Area Map

Additional Details

Income

CAP Rate: 6, Gross Income: $54,090, Gross Rent Multiplier: 10.63, Net Operating Income: $34,508

Property Access

Road Surface Type: Paved

Basement

Basement: Finished, FullBasement, SeparateLivingQuartersApartmentAuxLivingUnit

Building

Building Area Total: 2300, Built in 1949, Storage: Garage, Stories: 3, Unit Type Type: UnitTypeType1, UnitTypeType2

Cooling

Cooling: CentralAir

Disclosures

Disclosures: Disclosure

Expenses

Operating Expense: $19,582

Exterior Features

Exterior Description: Cedar

Foundation

Foundation Details: ConcretePerimeter, Slab

Garage

Garage Spaces: 2

Heating

Heating: ForcedAir90, WallHeater

Lot

Features: Level, Size Range: SqFt3000to4999, Size: 3,000 to 4,999 SqFt

Miscellaneous

Investor Information: Incomplete

Parking

Features: Driveway, Garage, 2 total parking spots

Property

Number Of Units Total: 2, Property Condition: UpdatedRemodeled, Zoning: RM1

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $8,383, Legal Description

Unit One

Actual Rent: $2,650, Area: 1358, Features: Dishwasher, Range, Refrigerator, WasherDryerHookup, Units Total: 1, 2 total bathrooms, 3 total bedroom

Unit Two

Actual Rent: $1,700, Area: 942, Features: Microwave, Refrigerator, WasherDryerHookup, Units Total: 1, 1 total bathroom, 2 total bedroom

Utilities

Fuel Description: Gas, Hot Water Description: Gas, Tank, Internet Service Type: Cable, Water Source: PublicWater

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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 eXp Realty, LLC 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 Oct 14, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Oct 14, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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