11040 SE Market St
Portland, OR 97216
- 5 beds
- 2 baths
- 2,205 sqft
- 7,405 sqft lot
- $219 per sqft
- 1957 build
- – on site
Motivated Seller – Priced Below Market Value!This beautifully updated 5-bedroom, 2-bath home is an incredible opportunity for buyers looking for space, upgrades, and value. The seller is eager to move, making this a rare chance to purchase a home priced to sell in a desirable location. Enjoy a fully renovated kitchen featuring butcher block countertops, brand-new cabinetry, stainless steel appliances, and stylish finishes throughout including new vinyl plank flooring, fresh carpet, modern paint, and updated bathroom fixtures. Major system upgrades include a newer roof (2016), updated plumbing, and a new water heater for peace of mind. The layout offers flexibility with three bedrooms on the main level and a spacious finished basement with a separate entrance—perfect for multigenerational living, a guest suite, or potential ADU. The basement includes two non-conforming bedrooms, a full bath, large family room with fireplace, and laundry area. Outside, the expansive yard provides room for gardening, play, and entertaining. Additional highlights include a 1-car garage with opener, garden shed, and no HOA. Ideally located near Cherry City Park, Adventist Health, Champions Cherry Park Elementary, shopping at Mall 205, public transit, and nature trails. Don’t miss this unbeatable value—schedule your showing today and bring your offer! [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10202295]
Last checked:
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Last updated May 12, 2025
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MLS# 534656606 —
The Building
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Year Built:1957
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New Construction:false
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Architectural Style:Stories2, Traditional
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Roof:Composition
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Stories:2
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Basement:Finished,FullBasement
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Foundation Details:ConcretePerimeter
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Exterior Description:Cedar
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Exterior Features:Fenced, Yard
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Accessibility:true
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Accessibility Features:GarageonMain, NaturalLighting, WalkinShower
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Building Area Description:Floor Plan
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Building Area Total:2205.0
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Building Area Calculated:1109
Interior
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Interior Features:GarageDoorOpener, Laundry, VinylFloor, WalltoWallCarpet, WasherDryer
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Fireplace:true
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Fireplaces Total:2
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Fireplace Features:WoodBurning
Room Dimensions
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Main Level Area Total:1109
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Lower Level Area Total:1096
Financial & Terms
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Bank Owned:false
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Land Lease:false
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Short Sale:false
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Home Warranty:false
Location
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Directions:Exit 19-US 26/Powell, right on Division, continue onto SE 96th and right onto Market St.
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Latitude:45.511284
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Longitude:-122.549635
The Property
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Parcel Number:R294144
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Property Condition:Resale
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Lot Features:Level
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Lot Size Range:SqFt7000to9999
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Lot Size Acres:0.17
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Lot Size SqFt:7405.0
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View:false
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Farm:false
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Property Attached:false
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (971) 221-3308
- Office phone:
- (503) 353-6673
Taxes
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Tax Year:2024
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Tax Legal Description:VERMADA PK, BLOCK 2, LOT 2
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Tax Annual Amount:4392.88
Beds
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Bedrooms Total:5
Baths
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Total Baths:2
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Full Baths:2
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Total Baths:2.0
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Total Baths Main Level:1.0
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Total Baths Lower Level:1.0
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Full Baths Main Level:1
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Full Baths Lower Level:1
Heating & Cooling
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Heating:ForcedAir
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Heating:true
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:PublicWater
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Fuel Description:Gas
Appliances
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Appliances:Dishwasher, Disposal, FreeStandingRange, FreeStandingRefrigerator, Microwave, StainlessSteelAppliance, Tile
Schools
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Elementary School:Cherry Park
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Middle Or Junior School:Floyd Light
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High School:David Douglas
The Community
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Senior Community:false
Parking
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Attached Garage:true
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Garage Type:Attached
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Garage Spaces:1.0
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Parking Total:1.0
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Parking Features:Driveway
Monthly cost estimate
Asking price
$485,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,597
|
| Taxes | $366 |
| Insurance | $133 |
| Utilities | $183 See report |
| Total | $3,279/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/9/25
May 9, 2025
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Listed / Active | RMLS | $485,000 | |
|
7/8/22
Jul 8, 2022
|
Listed / Active | RMLS | ||
|
6/6/22
Jun 6, 2022
|
Listed / Active | RMLS |
33% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $15k above asking price on average, but some went as high as $81k over asking price.
