Price Reduction
Address
7738 Sw 31st Ave, Portland, OR
Price
$ 550,000
Property Attributes
- MLS#548231304
- TypeSingle Family
- Listing Status Active
- CountyMULTNOMAH
- CityPortland
- Area148
- NeighborhoodMULTNOMAH VILLAGE
- Zip97219
- StyleStories2,Bungalow
- Year Built1920
- Taxes$ 9312
- Price$ 550,000
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms2
- Sqr Footage2390
- Lot Size0.12 Acres
Data Source:
Regional Multiple Listing Service (RMLSOR)
Property Description
Welcome to one of Multnomah Village's most charming and versatile homes. Built in 1920 and full of timeless character, this beautifully maintained bungalow blends original craftsmanship with thoughtful modern updates, offering a home that is as functional as it is inviting. Warm hardwood floors, classic built-ins, original woodwork, and abundant natural light create an atmosphere that's both welcoming and full of personality. The spacious floor plan features 3 oversized bedrooms, a dedicated office or creative studio, a walk-in closet in the primary suite, and a charming butler's pantry that adds both character and everyday convenience. Outside, enjoy a fully fenced private backyard with room to garden, entertain, relax, or simply enjoy Portland's beautiful seasons. The lower level features its own exterior entrance, creating exciting possibilities for future ADU potential, multigenerational living, guest quarters, workshop space, or additional flex space (buyer to verify).Major updates provide peace of mind, including new interior paint (2026), new chimney (2026), sewer line replacement (2025), updated kitchen appliances, newer furnace, ductless heating and cooling, EV charger, and a decommissioned oil tank. Adding even more value, the property is zoned RM2 and has a successful history as a professionally managed short-term rental, offering flexibility for homeowners and investors alike. The location is truly exceptional. Just moments from the heart of Multnomah Village, you'll love being able to walk to neighborhood restaurants, coffee shops, boutiques, the weekly farmers market, Gabriel Park, the Multnomah Arts Center, and community events that make this one of Portland's most beloved neighborhoods. Whether you're searching for your forever home, a smart investment, or a property with room to grow and adapt to your lifestyle, this one-of-a-kind bungalow offers character and location in one remarkable package.
| Elementary School | Middle School | High School |
|---|---|---|
| Maplewood Elementary School | Jackson Middle School | Ida B Wells High School |
| Price History | |
|---|---|
| 8/2/2026 | Listed $579,000 |
| 8/12/2026 | 1$575,000 |
| 9/12/2026 | 2$565,000 |
| 9/15/2026 | 3$550,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | ForcedAir |
| Roof | Composition |
| Appliances | Dishwasher,FreeStandingRange,FreeStandingRefrigerator,Granite,StainlessSteelAppliance |
| Zoning | RM2 |
| Architectural Style | Stories2,Bungalow |
| Year Built | 1920 |
| Stories Count | 3 |
| Property Subtype | SingleFamilyResidence |
| Tax Year | 2025 |
| Parcel Number | R263268 |
| Accessibility | NaturalLighting |
| County | Multnomah |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | MULTNOMAH VILLAGE |
| Full Baths | 1 |
| Status | Active |
| Directions | SW Multnomah Blvd & SW 31st Ave |
| High School | Ida B Wells |
| City | Portland |
| Disclosures | Disclosure |
| MLS Area | _148 |
| Lot Size Square Feet | 5227.0 |
| Listing Terms | Cash,Conventional,FHA |
| Elementary School | Maplewood |
| Tax Annual Amount | 9312.42 |
| Middle/Junior High School | Jackson |
| Property Condition | Approximately |
| Standard Status | Active |
| Accessory Dwelling Unit Y/N | No |
| ViewDescription | TreesWoods |
| Legal Description | RYAN PL,BLOCK 1,S 57' OF W 88' OF LOT 2 |
| AttributionContact | 503-459-1963 |
| SeniorCommunityYn | False |
| ADU | False |
Interior Features
| Interior Amenities | CeilingFan,HardwoodFloors,WasherDryer,WoodFloors |
|---|---|
| Basement | PartiallyFinished |
| Total Fireplaces | 1 |
| Fireplace Features | WoodBurning |
| Hot Water | Gas |
| Window Features | StormWindow |
| Total Bathrooms | 1.2 |
| FuelDescription | Gas |
| Total Bedrooms | 3 |
| Total Baths | 3 |
| 1/2 Baths | 2 |
Exterior Features
| Exterior Amenities | Deck,Fenced,Garden,Porch,RVParking,Yard |
|---|---|
| Parking Features | Driveway,RVAccessParking |
| Lot Features | Level,OnBusline,Private,Trees |
| Water Source | PublicWater |
| Exterior Description | WoodSiding |
| Foundation Details | ConcretePerimeter |
| Building Area Total | 2390.0 |
| Lot Size Acres | 0.12 |
| Road Surface Type | Paved |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 97219
Price
Taxes
Year Built
Visits
In The Neighborhood
New Construction
Portland
$ 699,900
- Type
- Single Family
- Size
- 2,084 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Keller Williams Realty Portland Premiere
Primary On Main
Portland
$ 599,999
- Type
- Single Family
- Size
- 1,797 SqFt
- Rooms
- 4 Beds + 2.5 Baths
ELEETE Real Estate
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
