Agent profile image in chat bubble
Agent profile image in chat header

Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

Agent profile image in message

5523 SE 40th Ave , Portland, OR 97202
$525,000
Est. Payment: $2,681.26/mo
2 Bed
2 Bath
1526 Sqft
Status: Active | Days on site: 6
Get Pre-Qualified
MRER01 - PORTLOCT
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Sarita Dua, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.

House Description

Uniquely designed and incredibly chic European inspired "cabin-style" 1 bedroom home with additional 1 bedroom newly renovated living unit offering extra income opportunity! This super cool home feels like your own private tree-house with ultra-privacy and West Hills sunset views! An array of windows and skylights flood the home with natural light, and the mantled fireplace brings cozy warm winter nights to life! Located on a quiet and lush dead-end street in the coveted and conveniently close-in Woodstock/Reed College neighborhood. The huge attached covered decks on each floor offer valuable and fun year-round outdoor living space options. The main home features high vaulted natural-wood ceilings with skylights throughout to give this home hard to match bright and airy environment. Outstanding custom built-ins galore allow ultimate personalization and storage options throughout the home. A very bright and open-air kitchen is loaded with cabinet and pantry storage, and maximum counter top space with eating bar that is ideal for cooking and gathering. Beautiful ceramic tile and granite kitchen countertops and tiled bathtub/shower add even more custom appeal. The 1 bedroom living space in the walk-out lower level was newly constructed in 2025 with a current $1,700 month-to-month rental income. Other recent upgrades include a mini-split HVAC in 2023, new roof in 2023, new sewer line in 2022, and a new radon system in 2024. All Appliances, including a Wolf Professional Gas Range, are being offered with the home as well! This is truly unique and rare gem of a home awaits you!

Highlights

Listed by Tom Portlock , 503-475-7423 MORE Realty , 503-353-6673. Portland Regional Multiple Listing Service mls logo

Property Type

Residential

Lot/Acreage
0.12

Year Built

1920

County

Multnomah

Area

143 - Portland Southeast

Listing ID

497514717

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Dishwasher, Free-Standing Gas Range, Free-Standing Range, Free-Standing Refrigerator, Gas Appliances, Pantry, SolidSurfaceCountertop, Stainless Steel Appliance(s), Tile
Air Cond:MiniSplit
Fireplaces:Wood Burning
Basement:Exterior Entry,Finished,Separate Living Quarters/Apartment/Aux Living Unit
Other:
  • Additional:Ceiling Fan(s), High Ceilings, Laundry, Separate Living Quarters/Apartment/Aux Living Unit, Skylight, Tile Floor, Vaulted Ceiling(s), Washer/Dryer, Master on Main
Water:Public Water

Exterior Features

Lot:Bluff,Gentle Sloping,Secluded,Trees
Lot Dimensions:5,000 sf
Garage Capacity:0
Roof:Composition
Others:
  • Additional:Covered Deck, Covered Patio, Deck, Garden, Guest Quarters, Second Residence, Yard, Updated/Remodeled
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$2,681
Taxes
$429

Home Price

$525,000

Loan Details

30 yrs
6.596%

Down Payment

20%
$105,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,681.26

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,681.26 $428.58 $0.00 $3,109.84
Yearly $32,175.09 $5,142.98 $0.00 $37,318.07
Total $965,252.69 $154,289.40 $0.00 $1,119,542.09

Today's Rates

30 Year

6.6%

20 Year

6.33%

15 Year

6.05%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Sep 2026

Average Price

All Price Ranges
N/A
Sep 2026

Average Days on Market

All Price Ranges
N/A
Sep 2026
Market insight data is pulled from the same city as the listing being viewed (Portland, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor technology provider shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

IDX service by Blueroof 360

Data last updated: 2026-09-07T13:53:59.000Z

© 2026 Portland Regional Multiple Listing Service

MLS Logo - Portland Regional Multiple Listing Service