640 SE 47th Ave

Portland, OR 97215
  • $699,900

    Price
  • 3

    Bed
  • 2

    Bath
  • 2,294

    SqFt

About the Listing KWPP01 - BODLEDAR,CHRISTKV

A true hidden gem brimming with potential, perfectly positioned in the heart of Portland’s sought-after Sunnyside neighborhood—just half a block from Belmont Street’s most popular restaurants, cafés, and shops. Well suited for a residential buyer, remodeler, or investor looking for a value-add opportunity, this property with it’s extra deep 50’x180’ lot offers the chance to create something special in one of Southeast Portland’s most established and walkable areas. The existing home offers approximately 1,500 square feet of living space, plus a 792 square foot unfinished basement—providing a solid starting point for renovation and long-term improvement. Buyers may choose to retain the exceptionally large, extra-deep yard for a private urban oasis, or rest assured knowing there is meaningful upside potential for additional development. Further, the generous 50’ x 180’ lot spans approximately 9,000 square feet of valuable infill potential. Zoned R2.5, the property includes an existing home that can be remodeled, with the potential to add additional units or pursue development behind it to fully leverage the depth of the lot—or tear down and reimagine the site entirely. Opportunities of this scale, flexibility, and location are increasingly rare. With immediate access to some of Portland’s most loved dining, shopping, and neighborhood amenities, this is a compelling opportunity for buyers looking to invest, renovate, or build in the heart of Sunnyside. Buyer to do their own due diligence with the city regarding development.

Listing Highlights

Status Active
Days on Site 2
Property Type Residential
MLS ® 387132670
Year Built 1905
Total Square Footage 2,294
Lot/Acreage 0.21
County Multnomah
Neighborhood Sunnyside
Elementary School Glencoe
Middle School Mt Tabor
High School Franklin

Interior Details

  • Bedrooms: 3
  • Bathrooms: 2 Full
  • Appliances: Dishwasher, Free-Standing Range, Plumbed For Ice Maker, Stainless Steel Appliance(s)
  • Air Cond:
  • Heating: Forced Air
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement: Full Basement,Unfinished
  • Other: Hookup Available,Laundry,Washer/Dryer
  • Water: Public Water

Exterior Details

  • Lot Description: Level
  • Garage Capacity: N/A
  • Parking Spaces: 0
  • Lot Dimensions: 50x180
  • Zoning: R2.5
  • Roof: Composition
  • Others: Fenced,Porch,Yard,Fixer
  • Sewer: Public Sewer
  • Parking Features: On Street

Financial Details

  • Tax Amount: $5,753
  • Taxes w/Assessments: N/A
  • Tax/Property ID: R149808
  • Tax Year: N/A

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Questions About..

640 SE 47th Ave Portland, OR 97215

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Originating MLS: Regional Multiple Listing Service, Inc.

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