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About This Home
This 3-bedroom, 2-bathroom single family at 7738 SW 31ST Ave in Portland, OR is listed for $649,000 ($272 per sqft). Built in 1920, the home offers 2,390 sqft of living space on a 0.12 acres lot.
Charming 1920s home in the heart of Multnomah Village, blending timeless character with thoughtful updates and flexible living potential. Zoned RM2, this property offers opportunity for residential, investment, or live/work use, with a history of both private residence and home-based business.Filled with natural light, the home features hardwood floors throughout (oak on main, fir upstairs), original woodwork, and classic built-ins.
The spacious layout includes 3 bedrooms-two oversized-plus a dedicated office or art space. The primary suite offers a walk-in closet, and a butler's pantry adds everyday convenience.Recent updates include: new interior paint (2026), new chimney (2026), sewer line replacement (2025), newer furnace and ductless system, updated kitchen appliances and an EV charger.
Oil tank has been decommissioned.The home also has a strong short-term rental history, professionally managed and marketed across multiple platforms.A separate basement entrance opens the door to ADU, multi-generational living potential, or a spacious garden level workshop.
Enjoy a large, private backyard, attic storage, and excellent walkability just moments from shops, dining, and the Multnomah Arts Center. A rare opportunity to own a versatile and character-rich property in one of Portland's most beloved neighborhoods, just steps away from Multnomah Village.
Key Features
- Built in 1920
- 0.12 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$3,471/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
7738 SW 31ST Ave
Portland, OR 97219
MULTNOMAH
Features & Amenities
Interior Features
Exterior Features
Property Details
Pool Features
Heating
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom single family at 7738 SW 31ST Ave is listed at $649,000 ($272/sqft). The estimated monthly payment is $2,812 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.12 acre lot, 2 stories. Interior Features: CeilingFan, HardwoodFloors, WasherDryer. Exterior Features: Deck, Fenced, Garden.
This property is listed by Alexis King and can be reached at 5039642928 or alexisking@windermere.com.