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640 SE 47th AvenuePortland, OR 97215Sale Price: $650,000

  • Sale Price: $650,000
  • 106 Days Since Sale
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Federal 30-year interest rate: 6.52% last updated on Jun 11, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $650,000Sale Price
  • 3Bedrooms
  • 2Bathrooms
  • 0.21Acreage
  • 2,294Square Feet
Listed by Darryl Bodle of Keller Williams Realty Portland Premiere (503-709-4632)

Listing Sold by Keller Williams Realty Portland Premiere
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A hidden gem with so much potential, perfectly positioned in one of Portland’s most desirable neighborhoods. Develop your dreams, develop a profitable project, or develop your own urban oasisyour calland enjoy tacos at Por Que No? while you do it. This compelling opportunity sits in the heart of the Sunnyside neighborhood, just half a block from Belmont Street and surrounded by some of Southeast Portland’s most beloved restaurants, cafs, and local shops. Well suited for a residential buyer, remodeler, or investor seeking a value-add opportunity, the property features an extra-deep 50’ x 180’ lot spanning approximately 9,000 square feetoffering flexibility rarely found in such a prime, walkable location. The existing home provides approximately 1,500 square feet of living space plus a 792 square foot unfinished basement, creating a solid foundation for renovation and long-term improvement. Buyers may choose to retain the exceptionally large backyard as a private urban retreat, or explore the meaningful upside potential for additional development. Zoned R2.5, the property allows the existing home to be remodeled with potential to add additional units or pursue development behind it to fully leverage the depth of the lotor tear down and reimagine the site entirely. With immediate proximity to many of Portland’s favorite dining destinations and neighborhood amenities, opportunities offering this scale, flexibility, and location are increasingly rare. Don’t miss out on this urban Sunnyside opportunity. Buyer to perform their own due diligence with the City regarding development potential.

Property Details of 640 SE 47th Avenue

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Based on information submitted to OR_RMLS_WEB_API as of June 12, 2026 10:43 PM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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