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4505 NE 40th Ave
Listing Notes
**Adorable Tudor in Beaumont-Wilshire** Welcome to this beautifully updated and well-maintained 1947 Tudor located in Beaumont-Wilshire, one of Portlands most desirable neighborhoods! Featuring 4 bedrooms, 2 full bathrooms, a large backyard and a finished basement, this turnkey home offers plenty of space and delightful, historic charm. Inside, you'll find high-quality finishes all over, such as the quartz countertops, elegant tile and original hardwood floors (some furniture could be included too - ask realtor). The kitchen is perfect for hosting and every day living, equipped with new stainless steel appliances, a dining area and lots of storage and natural light. In the hallway, what looks like a closet door will lead you upstairs to the large, open bedroom with the whole floor to itself! With original built-ins, closets and its own mini-split, this bedroom makes the perfect getaway. Downstairs, the full basement has already been finished and boasts its own spacious bedroom, cozy living area and a full bathroom as well. To top it off, you'll also find the laundry downstairs and a large, hidden utilities room with tons of extra storage! Outside, the oversized backyard presents abundant opportunities for gardens, hobbies, pets, or even to build an income-producing ADU! With the detached garage, parking is easy and secure, and could even be made into a studio or workshop. This neighborhood is primely located minutes away from the best that Portland has to offer - parks, cafe's, restaurants, bars, the Alberta Arts District, and NE Fremont St! You will not want to miss this one - schedule your private tour now before it's gone! *Open House - Saturday, May 16th from 12pm-2pm*
Market Insights
$277/sqft vs a nearby median of $297/sqft.
- -6.7% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 2,346 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 8.3% below the fair value — likely to draw competing offers if it's still on market.
- Pre-war character+$17k +2.5%
- Sparse street life−$10k −1.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 5 days
- Last price change
- No change recorded
- Listed
- May 8, 2026
- Photos
- 25 photos
- Property type
- single family
- Status
- for sale
- Last sold
- Sep 3, 2025 · $493,715
- Garage
- 1 space