$999,000
$1K PRICE DROP

922 934 SE 40th Ave Portland, OR 97214

Sunnyside Neighborhood

Estimated payment $6,130/month

Total Views 17,881
4 Beds
4 Baths
3,060 Sq Ft
$326 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. Owner occ opportunity - one unit vacant. 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

  • $10,249

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

$10,249

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: 2024
  • Tax Annual Amount: 10248.64

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.91
  • 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
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 Change Sq Ft Price
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
Warranty Deed $755,000 Wfg Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $200,000 New Conventional
Closed $225,000 Credit Line Revolving
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

This home is located at 922 934 SE 40th Ave, Portland, OR 97214 and is currently priced at $999,000, approximately $326 per square foot. This property was built in 1926. 922 934 SE 40th Ave is a home located in Multnomah County with nearby schools including Sunnyside Environmental School, Franklin High School, and All Saints School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) 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 Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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