$3,899,900

5170 Se 28th Ave, Portland, OR 97202

  • 8,706 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2025
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $448/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Nestled in the phenomenal Reed neighborhood with an impressive 88 BikeScore, this ten unit community is just steps from Reed College, making it the perfect choice for student housing or traditional rental housing with its sensational, multifaceted SE PDX location. With restaurants, parks, and the stunning Crystal Springs Rhododendron Garden nearby, it offers both convenience and charm. Step inside, and your future tenant will instantly feel the warmth and character. The open-concept design seamlessly connects the kitchens to the dining and living areas, where dramatic accent walls with built-ins and soft ambient lighting creates a stylish and inviting atmosphere. On the lower levels are guest baths dressed in moody tones and elegant tile work—because the smallest details greatly affect your return on investment. Upstairs, primary suites and spacious secondary bedrooms shine with perimeter lighting, soaring ceilings, and oversized windows that flood the bedrooms with natural light. Step outside to private, fenced yards, where cozy patios await for morning coffee or evening gatherings. With Reed College just around the corner and the vibrant neighborhoods of Woodstock, Brooklyn and Westmoreland less than a mile away,this location is perfectly situated for both relaxation, adventure and low vacancy rates. Between low maintenance costs due to the quality, new construction and a one-year builders warranty, you can rest assured your investment is safe. For investors exploring short-term rentals, each unit has the potential to gross as much as $5,000 per month, offering significant income upside in this high-demand area.

Listing Status:
Active
Date Added:
April 9, 2025 at 05:00AM
Listing Office:
Keller Williams Realty Portland Premiere : 503-597-2444
Listing Agent:
Darryl Bodle : 503-709-4632
MLS ID:
572806520
  • Basement: Crawl space
  • A/C: Mini split
  • Heating: Mini split

This listing courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Grout Elementary School

3119 SE Holgate Blvd, Portland, OR, 97202

Grades EE-5

0.42 miles away

H

Hosford Middle School

2303 SE 28th Pl, Portland, OR, 97214

Grades 6-8

1.41 miles away

C

Cleveland High School

3400 SE 26th Ave, Portland, OR, 97202

Grades 9-12

0.89 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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