$950,000
$50K PRICE DROP

922 934 SE 40th Ave Portland, OR 97214

Sunnyside Neighborhood

Estimated payment $5,884/month

Total Views 27,138
4 Beds
4 Baths
3,060 Sq Ft
$310 Price per Sq Ft

Highlights

  • No HOA
  • Landscaped with Trees
  • Green Certified Home
  • Sunnyside Environmental School Rated 9+
  • Forced Air Heating System
  • 3 Car Garage

About This Home

Well-kept 1926 fourplex in the highly desirable Sunnyside neighborhood. Each unit has its own private basement and features vintage charm that hasn’t been over-renovated: hardwood floors, classic tile, original built-ins. Strong rents, low vacancy. Extra income through leased garage spaces. Walk Score 95, Bike Score 100. Blocks to Belmont, Hawthorne, Laurelhurst Park, and surrounded by parks, cafes, and bars.

Listing Agent

Eric Guess

Rarebird Real Estate License #201248753 Listed on: 06/20/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,631

Year Built

  • Built in 1926

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50' x 100'
  • Sloped Lot
  • Landscaped with Trees

Parking

  • 3 Car Garage
  • On-Street Parking

Home Design

  • Composition Roof
  • Stucco Exterior
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,060 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Eco-Friendly Details

  • Green Certified Home

Schools

  • Sunnyside Env Elementary And Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number R154024

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Edendale Subdivision

Building Details

  • Operating Expense $27,075
  • Gross Income $77,373
  • Net Operating Income $50,298

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,631

Year Built

Built in 1926

Lot Details

0

Parking

3

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1926
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: PartialBasement, Unfinished
  • Storage: Basement,Garage
  • Total Bedrooms: 4
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Stucco
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Sloped, Trees
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, OnStreet
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Sunnyside Env
  • High School: Franklin
  • Middle Or Junior School: Sunnyside Env

Lot Info

  • Zoning: R2.5
  • Lot Size Acres: 0.12
  • Lot Size: 50' x 100'
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R154024

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: MaintenanceGrounds

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 10630.85

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.28
  • Annual Gross Income: 77373.0
  • Property Net Operating Income: 50298.0
  • Annual Operating Expense: 27075.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,631 $394,540 -- --
2024 $10,249 $383,050 -- --
2023 $10,249 $371,900 $0 $0
2022 $9,641 $361,070 $0 $0
2021 $9,478 $350,560 $0 $0
2020 $8,695 $340,350 $0 $0
2019 $8,375 $330,440 $0 $0
2018 $8,129 $320,820 $0 $0
2017 $7,791 $311,480 $0 $0
2016 $7,130 $302,410 $0 $0
2015 $6,943 $293,610 $0 $0
2014 $6,838 $285,060 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2025 10/14/25 Price Changed $950,000 -4.9% $310 / Sq Ft
08/18/2025 08/18/25 Price Changed $999,000 -0.1% $326 / Sq Ft
06/20/2025 06/20/25 For Sale $1,000,000 -- $327 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 362770620

Regional Multiple Listing Service (RMLS)

APN: R154024

Oregon Multnomah County Portland 97214 Sunnyside

922 934 SE 40th Ave, Portland, OR

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Listing Agent
Eric Guess
Section Image
Rarebird Real Estate
(503) 828-3456