Shawn Realty 503-515-44993 bd • 2 ba • 2,390 sq ft
7738 SW 31ST AVE, Portland, OR 97219
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- Bedrooms
- 3
- Total Baths
- 2
- Building Area
- 2,390 sq ft
- Price/Sq Ft
- $209/sq ft
- Year Built
- 1920
- County
- Multnomah
- Annual Tax
- $9,312 (2025)
- HOA
- None
- Days on Market
- 113 days
- Open House
- None scheduled
Monthly payment
$3,907 per month
- Principal & interest$3,027
- Property taxes$776
- HOA dues$0
- Home insurance$104
- Utilities$0
10% down · 30-year fixed · 7.11% rate · 7.211% APR (est.)
Rate: Freddie Mac weekly average, as of 11/12/2026. Estimate by Shawn Realty, not RMLS data.
Estimate by Shawn Realty, not RMLS data.
- Interest rate: 7.11% (7.211% APR, estimated). Rate: Freddie Mac weekly average, as of 11/12/2026.
- Down payment: 10% ($50,000) on $500,000; loan $450,000
- Term: 30-year fixed (360 monthly payments)
- Property taxes: $776/mo (RMLS annual tax ÷ 12)
- HOA dues: $0 (no HOA in RMLS)
- Home insurance: $104/mo (Shawn Realty assumption, 0.25% of price per year; not a quote)
- Est. APR assumes 1% of the loan amount in points and lender fees.
This is an estimate. Verify exact numbers with your lender.
Estimate only, not a loan offer or commitment. Principal, interest, est. property tax and HOA. Excludes homeowners insurance, mortgage insurance (PMI, typically required with under 20% down) and other costs. Actual rate, APR and payment depend on credit, lender and loan program. Talk to a licensed loan officer.
Description
HUGE investment opportunity! Welcome to one of Multnomah Village's most charming and versatile homes just steps from Art Center. Built in 1920 and full of timeless character, this beautiful bungalow blends original craftsmanship with thoughtful 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.Seller says "SELL".
Facts & Features
| Property Type | Residential |
|---|---|
| Sub-Type | Single Family Residence |
| Bedrooms | 3 |
| Total Baths | 2 |
| Full Baths | 1 |
| Partial Baths | 2 |
| Building Area (sq ft) | 2390 |
| Main Level (sq ft) | 1155 |
| Upper Level (sq ft) | 747 |
| Lower Level (sq ft) | 488 |
| Lot Size (acres) | 0.12 |
| Lot Size (sq ft) | 5227 |
| Year Built | 1920 |
| Garage Spaces | 0 |
| County | Multnomah |
| Subdivision | MULTNOMAH VILLAGE |
| Elementary School | Maplewood |
| Middle School | Jackson |
| High School | Ida B Wells |
| Heating | Forced Air |
| Appliances | Dishwasher, Free-Standing Range, Free Standing Refrigerator, Granite, Stainless Steel Appliance |
| Interior Features | Ceiling Fan, Hardwood Floors, Washer/Dryer, Wood Floors |
| Exterior Features | Deck, Fenced, Garden, Porch, RV Parking, Yard |
| Basement | Partially Finished |
| Style | 2 Stories, Bungalow |
| Roof | Composition |
| Fireplaces | 1 |
| View | Yes |
| Lot Features | Level, On Busline, Private, Trees |
| Parking | Driveway, RV Access Parking |
| Sewer | Public Sewer |
| Water | Public Water |
| Annual Taxes | $9,312 |
| Tax Year | 2025 |
| Original List Price | $579,000 |
| RMLS # | 548231304 |
Map data © OpenStreetMap contributors (not RMLS data).
Listed by Mychelle Strouhal • MORE Realty
Contact: 503-459-1963
Listing updated: Nov 14, 2026 at 12:12am
Source: RMLS #548231304 
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 Shawn Realty are marked with the RMLS logo, and detailed information about these properties includes the name of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on 11/14/2026 08:00. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by RMLS.
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Shawn Yu, Shawn Realty · 503-515-4499
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Shawn Realty