640 SE 47th Ave

Portland, OR 97215

$699,900
Price
9,147 / 0.21
Lot Size / Acres
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Description

Redevelopment opportunity in Portland’s Sunnyside neighborhood offering a well-located land value play for investors and builders. The property spans approximately 0.21 acres with favorable 50 × 180 dimensions and is zoned R2.5, providing flexibility for future residential use consistent with zoning allowances, subject to buyer due diligence and City approvals. An existing residence is currently located on the property, with sewer, water, and electric services already present and available for connection,...Redevelopment opportunity in Portland’s Sunnyside neighborhood offering a well-located land value play for investors and builders. The property spans approximately 0.21 acres with favorable 50 × 180 dimensions and is zoned R2.5, providing flexibility for future residential use consistent with zoning allowances, subject to buyer due diligence and City approvals. An existing residence is currently located on the property, with sewer, water, and electric services already present and available for connection, potentially reducing upfront infrastructure costs. The site is being marketed primarily for its land value and redevelopment potential rather than the existing structure. Positioned near the Belmont and Hawthorne corridors, the location benefits from strong housing demand, walkability, transit access, and proximity to neighborhood amenities that continue to support long-term value in the Sunnyside area. An attractive opportunity for those seeking to reposition a sizable infill lot in one of Southeast Portland’s most established residential neighborhoods.
  1. Listed by Darryl Bodle • Keller Williams Realty Portland Premiere • 503-709-4632
  2. Listed by Kelly Christian • Keller Williams Realty Portland Premiere

Property Details for 640 Southeast 47th Avenue

Subdivision
SUNNYSIDE
Zoning
R2.5
View
Trees Woods
LISTING UPDATED: 01/29/2026 02:34 PM

Property Details for 640 Southeast 47th Avenue

StatusActive
MLS #506469815
Days on MarketListed Today
Taxes$5,753 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Single Family Residence
Year Built-
Lot Size0.21 AC
CountyMultnomah County

Location

Listing Courtesy of Keller Williams Realty Portland Premiere
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Building Information for 640 Southeast 47th Avenue

Building Size-Lot Size0.21 AC

Payment Calculator

$3,891 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,411

Property Taxes

$479

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 640 Southeast 47th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: SE Stark St to SE 47th Ave
  • Road Surface: Paved
School Information
  • Elementary School: Glencoe
  • High School: Franklin
  • Middle Or Junior School: Mt Tabor
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $5,753.00
  • Parcel Number: R149808
  • Tax Legal Description: EAST PARADISE SPR, S 1/2 OF LOT 4
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Property
Lot Information
  • Acres: 0.21
  • Lot Description: Brush, Public Road, Trees
  • Lot Size Square Feet: 9147.0
  • Lot Size Dimension: 50x180
  • Number Of Lots Total: 1
  • Current Use: Residential
  • Land Description: Level
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Sub Type: Single Family Residence
  • Property Type: Land
Utilities
  • Utilities: Electricity Connected, See Remarks, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Soil Condition: Unknown
  • Existing Structures Description: Residence

Property History for 640 Southeast 47th Avenue

DateEvent & SourcePriceAppreciation
Feb 20, 2018

Sold (Public Record)

Public Record #616456735

$418,000

+5.0% / yr

Jun 19, 2002

Sold (Public Record)

Public Record #94586811

$195,000—
DateEvent & SourcePrice
02/20/2018

Sold (Public Record)

Public Record #616456735

$418,000

+5.0% / yr

06/19/2002

Sold (Public Record)

Public Record #94586811

$195,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 640 Southeast 47th Avenue

Taxable ValueLand-Additions-Total-
Tax Record2025$5,753 ($479 / month)
Home Facts
Beds3Baths1.5Total Finished SqFt1,502 SqFtAbove Grade Finished SqFt1,502 SqFtUnfinished Basement SqFt792 SqFtStories2Lot Size9,000 SqFtStyleSingle Family ResidenceYear Built1905ZoningR5CountyMULTNOMAHAPN1S2E06BA 06800

Schools near 640 Southeast 47th Avenue

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Glencoe Elementary School
Public - K to 5
Mt Tabor Middle School
Public - 6 to 8
Franklin High School
Public - 9 to 12
Richmond Elementary School
Public - PK to 5
Rating
School
Distance
Glencoe Elementary School
PublicK to 5

Mt Tabor Middle School
Public6 to 8

Franklin High School
Public9 to 12

Richmond Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 640 Southeast 47th Avenue, Portland, OR 97215

640 Southeast 47th Avenue is a 0.21 ac of land for sale in Portland, OR 97215. This listing's school district is Portland School District 1j. Nearby schools include Glencoe Elementary School, Mt Tabor Middle School and Franklin High School. 640 Southeast 47th Avenue is a 0-bed, 0-bath, 0.21 ac of land on a 9,147 sq. ft. / 0.21 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Portland Premiere

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 01/29/2026 02:34 PM