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7937 SW 40th Ave APT I, Portland, OR, 97219

1beds
1baths
712sqft
$215,000
$302price/sqft
$1,493/moest. monthly cost
$59,720/yrincome needed

About This Home

Welcome to your new home in the heart of charming Multnomah Village! This bright and airy condo offers the perfect blend of comfort, convenience, and community in a quiet and well-maintained complex just blocks from the best of Multnomah Village and Gabriel Park. With all new paint and carpet throughout, this light-filled home is completely move-in ready and features an open floor plan that feels spacious and welcoming from the moment you walk in.The well-appointed kitchen includes wine storage and an eat-in bar, with sliding glass doors that open to a covered porch — perfect for year-round entertaining or your morning cup of coffee. The porch also features a walk-in storage unit, a rare and convenient bonus. The generous bedroom suite includes a walk-in closet with custom organizers, and the updated bathroom features a stylish new vanity. A coat closet and laundry closet greet you right at the entry, keeping everything tucked away and tidy. At 712 square feet, this one bedroom, one bath condo lives large thanks to its smart layout and abundant natural light. Your deeded parking space is conveniently located right in front of the unit. HOA amenities include a pool and hot tub, and the location simply can't be beat — walkable to all the best restaurants, shops, and parks Multnomah Village has to offer!

Getting Around

77
WalkingVery Walkable
34
TransitSome Transit
60
BikeBikeable

Schools

10/10
8/10
Jackson Middle SchoolGrades 6-81.2 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1990

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Cement Siding

Type & Style

  • Home type: Condo
  • Architectural style: Contemporary
  • Property subType: Residential,Condominium

Interior

Appliances

  • Appliances included: Built-In Refrigerator,Dishwasher,Disposal,Microwave,Stainless Steel Appliance(s),Washer/Dryer,Free-Standing Range,Electric Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Features: Living Room Dining Room Combo, Patio, Sliding Doors,Bamboo Floor
  • Level: Main
  • Area: 72

Features

  • Closet,Living Room Dining Room Combo,Built-in Features,Eat Bar,Double Vanity,Closet Organizer,Suite,Walk-In Closet(s),Kitchen Island
  • Door features: Sliding Doors
  • Window features: Double Pane Windows,Vinyl Frames
  • Flooring: Bamboo,Wall to Wall Carpet,Tile
  • Common walls with other units/homes: 1 Common Wall

Heating

  • Heating features: Zoned

Interior Area

  • Total structure area: 712
  • Total interior livable area: 712 sqft

Kitchen

  • Features: Builtin Features, Builtin Refrigerator, Dishwasher, Disposal, Eat Bar, Microwave,Bamboo Floor, Double Sinks, Free Standing Range
  • Level: Main
  • Area: 121

Living Room

  • Features: Deck, Living Room Dining Room Combo, Sliding Doors,Wallto Wall Carpet
  • Level: Main
  • Area: 198

Master Bedroom

  • Features: Closet Organizer,Suite, Walkin Closet, Wallto Wall Carpet
  • Level: Main
  • Area: 132

Property

Details

  • Parcel number: R582682

Features

  • Stories: 1
  • Entry location: Upper Floor
  • Private pool: Yes
  • Patio & porch: Covered Patio,Patio,Deck
  • Spa features: Association
  • Has view: Yes
  • View description: Trees/Woods

Lot

  • Features: Cul-De-Sac,Gentle Sloping,Private,Trees

Parking

  • Parking features: Deeded,Off Street,Condo Garage (Deeded)

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Cold Wave
Heat Wave
Inland Flooding

FEMA Declared Disasters in Multnomah County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,087$13,044
Home Insurance *$48$576
Property Taxes $182$2,184
Electricity $176$2,119
Total$1,493$17,916
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$51,188/yr
40% on housing$44,790/yr
45% on housing$39,813/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$302This listing

vs Other Active Listings

Avg $/sqft

ZIP 97219$273
Multnomah County$244

vs Homes Sold Last Month

Median $/sqft

ZIP 97219$312
Multnomah County$288

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-07Price change$215,000
2026-05-29Listed for sale$229,900
2024-09-10Listing removed$1,500
2024-08-23Listed for rent$1,500
2021-02-26Listing removed--
2020-10-11Listing removed$1,400
2020-09-26Price change$1,400
2020-09-21Listed for rent$1,600
2017-06-11Listing removed$149,900
2017-06-02Listed for sale$149,900
2016-05-15Listing removed$149,500
2016-05-05Price change$149,500
2016-04-18Price change$155,000
2016-04-15Pending sale$169,900
2016-04-07Price change$169,900
2016-03-29Listed for sale$179,900
2006-09-08Sold$147,500

For Sale by Agent

AgentMallory Kaus
BrokerageWindermere Realty Trust

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