7738 Sw 31st Ave, Portland, OR

$550,000

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3

Beds

1.2

Baths

2,390

Square feet

0.12

Acres

About 7738 Sw 31st Ave

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.

Features of 7738 Sw 31st Ave

MLS® # 548231304
Price $550,000
Bedrooms 3
Bathrooms 1.20
Full Baths 1
Half Baths 2
Square Footage 2,390
Acres 0.12
Year Built 1920
Type Residential
Sub-Type Single Family Residence
Style 2 Story, Bungalow
Status Active

Community Information

Address 7738 Sw 31st Ave
Area 148 - Portland NW/ SW/ S, Raleigh Hills
Subdivision MULTNOMAH VILLAGE
City Portland
County Multnomah
State OR
Zip Code 97219

Amenities

Parking Driveway, RV Access/Parking
View Trees/Woods
Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fan(s), Hardwood Floors, Washer/Dryer, Wood Floors
Appliances Dishwasher, Free-Standing Range, Free-Standing Refrigerator, Granite, Stainless Steel Appliance(s)
Heating Forced Air
Fireplace Yes
# of Fireplaces 1
Fireplaces Wood Burning
# of Stories 3
Has Basement Yes
Basement Partially Finished

Exterior

Exterior Wood Siding
Exterior Features Deck, Fenced, Garden, Porch, RV Parking, Yard
Lot Description Level, On Busline, Private, Trees
Windows Storm Window(s)
Roof Composition
Foundation Concrete Perimeter

School Information

Elementary Maplewood
Middle Jackson
High Ida B Wells

Additional Information

Date Listed July 24th, 2026
Days on Market 60
Zoning RM2
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMORE Realty
Contact Info503-459-1963

Listing Map

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