Seller offering a credit—use toward closing costs, rate buy-down, or HOA dues! Please call for details! Exceptional Value in Multnomah Village, this thoughtfully updated, sunlit condo. 900 sq ft, 2-bedroom, 2-bath condo located in the heart of charming Multnomah Village, just blocks from Gabriel Park. The open great room floor plan features an abundance of windows, updated lighting fixtures, new carpet in the living room and bedrooms, and new luxury vinyl flooring in the kitchen and dining room. The kitchen includes maple cabinets, granite countertops, and stainless steel appliances. All appliances are included, along with the washer and dryer. Sliding doors from the dining area lead to a private, covered deck with a large storage closet. The spacious primary suite offers a walk-in closet, full en-suite bath, and room for a king-size bed. A second bedroom and full hall bath provide flexibility for guests or home office space. HOA dues cover sewer, water, trash, exterior building and landscape maintenance, common area cleaning, meeting room access, and use of the community pool and jacuzzi. Dedicated covered parking plus additional guest parking throughout the community. Built in 1990 and situated in a quiet, well-maintained HOA, this home offers comfort, convenience, and an unbeatable location near the newly opened Trader Joe’s, local shops, restaurants, and easy access to downtown and tech corridors. Move-in ready! Don’t miss this opportunity to own in one of SW Portland’s most desirable neighborhoods.
Est. $2,309 per month, based on comparable rentals
Sale and tax history for 7931 SW 40th Ave Unit I
Sale History
Tax History
Date
Event
Price
RMLS #521719280
Jul 16, 2026
Sold
$255,000
$283/sq ft
Jun 26, 2026
Price Changed
$264,900
$294/sq ft
May 16, 2026
Price Changed
$274,900
$305/sq ft
May 7, 2026
Price Changed
$279,900
$311/sq ft
Feb 27, 2026
Listed
$284,900
$317/sq ft
Public Records
Aug 11, 2020
Sold
$225,000
$250/sq ft
RMLS #15285531
Sep 4, 2015
Sold
$115,000
$128/sq ft
Jun 13, 2015
Pending
—
May 27, 2015
Listed
$115,000
$128/sq ft
+5
One loan with Wells Fargo. Lovely location looks onto open courtyard. Previous offer accepted in 110-115k range. Will submit all offers over 110k. Casual elegance and sophistication await you. Beautiful interior finishes include bamboo floors in kitchen and dining room, slab granite counters, maple cabinets & crown molding. Walk to Multnomah Village.
The RM1 zone is a low-scale multi-dwelling zone that is generally applied in locations intended to provide a transition in scale to single-dwelling residential areas, such as the edges of mixed-use centers and civic corridors, and along or near neighborhood corridors. Allowed housing is characterized by one to three story buildings that relate to the patterns of residential neighborhoods, but at a somewhat larger scale and building coverage than allowed in the single-dwelling zones. The major types of new development will be duplexes, triplexes, rowhouses, courtyard housing, small apartment buildings, and other relatively small-scale multi-dwelling and small-lot housing types that are compatible with the characteristics of Portland's residential neighborhoods.