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7738 SW 31st Ave, Portland, OR 97219

$585,000

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Property Description

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.

7738 SW 31st Ave | MLS# 643309575

This single family home located at 7738 SW 31st Ave, Portland, OR 97219 is currently listed for sale with an asking price of $585,000. This property was built in 1920 and has 3 bedrooms and 1 full and 2 partial baths with 2390 sq. ft. SW 31st Ave is located in the MULTNOMAH subdivision. Search MULTNOMAH real estate on stephaniewaugh.bendpremierrealestate.com today.

Property Features

Property Type: Residential - Single Family
Basement: Partially Finished
Basement: Yes
Fenced: Yes
Fireplaces: 1
Fuel Type: Gas
Heating: Forced Air
Home Style: 2 Story, Bungalow
Lot Size: 0.12 Acres
Roof Type: Composition
Stories: 2.0
Taxes: $9,312
Year Built: 1920
Square Feet: 2,390

Feature Descriptions

Bathroom: 0.2 (Main), 1.0 (Upper)
Days on Site: 106
Exterior: Deck, Fenced, Garden, Porch, Yard
Exterior: Wood Siding
Fireplace: Wood Burning
Hot Water: Gas
Interior: Ceiling Fan(s), Hardwood Floors, Washer-Dryer, Wood Floors
Kitchen: Dishwasher, Free-Standing Range, Free-Standing Refrigerator, Granite, Stainless Steel Appliance(s)
Lot: Level
Parking Notes: Driveway, EVReady
Sewer: Public Sewer
Square Footage: 488 (Lower), 1155 (Main), 747 (Upper)
Water: Public Water

Local Schools

High School: Ida B Wells
Middle School: Jackson
Elementary School: Maplewood

Listed By / Shown By

Listed By

Agency Name: Windermere Realty Trust
Agency Contact: alexisking@windermere.com

Shown By

Agent Name: Stephanie Waugh, Broker
Agent Phone: (541) 306-0741
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 3,904.70 per month $2,958.08 Principal & Interest $776.00 Property Tax $170.63 Homeowner's Insurance

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Disclaimer: 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 consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/18/2026. The listing information on this page last changed on 07/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 07/18/2026 12:01:24 AM EST) or RMLS (last updated Fri 07/17/2026 11:55:24 PM EST) or COAR/MLSCO (last updated Fri 07/17/2026 11:51:27 PM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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 other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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