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    922 SE 40Th Ave Portland, OR 97214

    For Sale
    $950,000

    MULTI_FAMILY - Portland, OR

    Property size:
    3,060 SF
    Lot size:
    0.12 Acres
    Days on Market:
    43
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 922 SE 40Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R2.5
    Rooms
    Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4
    Bedrooms
    4
    APN
    R154024
    Size
    3,060 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1926
    Floors in Building
    2
    Number of units
    4
    Roof type
    Composition

    RareBird Real Estate (503) 545-4177 [email protected]

    Listing agent Eric Guess (503) 451-0545

    Listing date Oct 24, 2025

    MLS# 362770620 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sunnyside Fourplex with Vintage Charm

    This well-kept fourplex, constructed in 1926, is situated in the desirable Sunnyside neighborhood. Each of the four units includes a private basement and retains vintage charm with hardwood floors, classic tile, and original built-ins. The property benefits from strong rents and low vacancy. Additional income is generated through leased garage spaces. The location boasts a Walk Score of 95 and a Bike Score of 100. It is located blocks from Belmont and Hawthorne, as well as Laurelhurst Park, and is surrounded by parks, cafes, and bars. The lot size is 0.12 acres. The property size is 3060 square feet. The zoning is R2.5.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.620977
    Latitude
    45.51608

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    FAQs

    What type of property is this?
    Quadplex - Well-kept 1926 fourplex in desirable Sunnyside neighborhood.
    Where is this quadplex located?
    The property is located at 922 SE 40Th Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Prime Sunnyside location with Walk Score 95 and Bike Score 100, near Belmont, Hawthorne, Laurelhurst Park, cafes, and bars.; - Fourplex with strong rents and low vacancy, providing a reliable income stream.; - Each unit includes a private basement, adding significant value and utility.
    (503) 451-0545
    Request Owner's contact information
    922 SE 40Th Ave Portland, OR 97214
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    Portland, OR 97214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    922 SE 40Th Ave Portland, OR 97214
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