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3940 SE Ivon St, Portland, OR 97202

$1,619,600

26 Photos

Property Description

Rare new construction multifamily opportunity in SE Portland! This thoughtfully designed four-unit property offers modern construction, quality finishes, energy-efficient systems, and desirable features throughout, making it an excellent opportunity for investors or owner-occupants. Each residence features a functional two-level layout with stylish LVP flooring on the main level, contemporary kitchens with quartz countertops, islands/eatbars, stainless steel appliances, and convenient in-home laundry. Upper levels offer comfortable bedrooms with wall-to-wall carpeting, generous walk-in closets, and well-appointed bathrooms, including private ensuites in select units. Dining areas feature sliding doors opening to private outdoor spaces, while fully fenced yards and patios provide valuable outdoor living space. An impressive attic area with vaulted ceilings and a large skylight adds versatility and natural light.Built for comfort, performance, and energy savings, these Energy Trust of Oregon EPS Certified and ENERGY STAR certified homes are designed to be approximately 27-30% more energy efficient than homes built to current Oregon code. Features include a tight building envelope, R-23 blown-in blanket fiberglass wall insulation, high-efficiency ductless heat pumps, ENERGY STAR appliances, a high-efficiency heat pump water heater, and an Energy Recovery Ventilation (ERV) system that continuously supplies fresh outdoor air while improving indoor air quality. ENERGY STAR bath fans provide quiet operation, while third-party inspections and performance testing help ensure efficiency and quality. All-electric and solar-ready, these homes offer lower utility costs, modern energy-efficient systems, private outdoor areas, and low-maintenance living in a thoughtfully designed new construction community. Buyer to verify all information, dimensions, permits, zoning, and applicable development requirements. Very close to Division and local attractions.

3940 SE Ivon St | MLS# 203236971

This multi-family property located at 3940 SE Ivon St, Portland, OR 97202 is currently listed for sale with an asking price of $1,619,600. Search Portland real estate on katiemcginnis.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Heat Pump, MiniSplit
Fuel Type: Electricity
Heating: ENERGY STAR Qualified Equipment, Heat Pump
Roof Type: Composition
Stories: 2.0
Taxes: $433
Year Built: 2026
Square Feet: 3,300

Units

Unit Type 1:
Bathroom(s): 3
Bedrooms: 2
Features: AirConditioning, Dishwasher, WasherDryerHookup
Square Footage: 869
Total Units: 1
Unit Type 2:
Bathroom(s): 2
Bedrooms: 1
Features: AirConditioning, Dishwasher, WasherDryerHookup
Square Footage: 699
Total Units: 1
Unit Type 3:
Bathroom(s): 3
Bedrooms: 2
Features: AirConditioning, Dishwasher, WasherDryerHookup
Square Footage: 863
Total Units: 1
Unit Type 4:
Bathroom(s): 3
Bedrooms: 2
Features: AirConditioning, Dishwasher, WasherDryerHookup
Square Footage: 869
Total Units: 1

Feature Descriptions

Days on Site: 7
Exterior: Wood Siding
Hot Water: ENERGY STAR Qualified Equipment, Tank
Lot: Level
Sewer: Public Sewer
Storage: Attic
Units: 4
Water: Public Water

Local Schools

High School: Franklin
Middle School: Hosford
Elementary School: Creston

Listed By / Shown By

Listed By

Agency Name: Matin Real Estate
Agency Phone: 503-447-3599

Shown By

Agent Name: Katie McGinnis Broker
Agent Phone: (541) 639-9794
Agency Title: Bend Premier Real Estate

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Estimate Your Payment

Estimated Payment

$ 8,698.05 per month $8,189.58 Principal & Interest $36.08 Property Tax $472.38 Homeowner's Insurance

Change Payment Information

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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 09/12/2026. The listing information on this page last changed on 09/12/2026. 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 09/12/2026 9:15:34 AM EST) or RMLS (last updated Fri 09/11/2026 2:43:16 AM EST) or COAR/MLSCO (last updated Sat 09/12/2026 9:11:59 AM 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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