4531 SE 40th Ave, Portland, OR 97202

Quiet and private urban townhome offers spacious living, pleasant views and convenience to prime cafes and shops. Two treehouse-like decks expand living space with east/west views. Two en-suite bedrooms with walk-in closets on the upper floor, plus a separate ground-floor two-room suite, support multigenerational living. The ground floor unit, currently a popular, licensed, short-term rental, which netted $24,800 in 2024, is being sold turnkey and fully furnished. Upgrades include hardwood floors throughout the two upper floors, custom built-in bookcases, and unpainted cedar trim. With a single car garage, off-street parking, and fenced-in backyard, this versatile townhome is an ideal, low maintenance, single family home alternative. Recent updates include a new furnace (2024), fresh paint inside and out (2021), new refrigerator, range, kitchen sink, washroom sink, washer/dryer and updated light fixtures (2020). Neighborhood favorites include Trader Joes, Keeper Coffee, Cafe Rowan. Convenient to Reed College, Woodstock, and Creston Pool. No HOA or dues! [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10236754]