4737 SE 28th Ave, Portland, OR 97202

Portland
Local realty services provided by:Knipe Realty ERA Powered
4737 SE 28th Ave,Portland, OR 97202
$675,000
  • - Beds
  • - Baths
  • 2,700 sq. ft.
  • Multi-family
  • Active
Listed by: sara lewis
Office: windermere realty trust503-636-5000
MLS#:385340385
Source:PORTLAND

Price summary

  • Price:$675,000
  • Price per sq. ft.:$250

About this home

Charming duplex in the heart of the Reed College Neighborhood with a nearly 6% cap rate and room for improvement. Upstairs unit is 4 bedrooms/2 bath with a brand new deck, hardwood floors, gas fireplace & extensive recent improvements including new appliances. Lower unit is 2 bedroom/2 bath and remodeled in 2011. Both units have laundry. All siding was just replaced & painted. Great rents and extremely low vacancy rates. Please do not disturb tenants and make offers subject to interior inspection. Upper (larger unit) is on a lease through March 2027, lower unit was just vacated 7/1/26. Operating expenses do not include property management fee of 6%.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1944
  • Subdivision & Development:REED
  • Listing ID #:385340385
  • Added:339 day(s) ago
  • Updated:August 09, 2026 at 11:30 AM

Rooms and interior

  • Basement Description:Daylight, Finished, Full Basement
  • Living area:2,700 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1944
  • Building area:2,700 sq. ft.
  • Lot area:0.13 Acres
  • Lot Features:Level, On Busline, Sloped
  • Foundation Description:Slab
  • Levels:3 Stories

Schools

  • High school:Cleveland
  • Middle school:Hosford
  • Elementary school:Grout

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$675,000
  • Price per sq. ft.:$250
  • Tax amount:$7,784 (2025)

Parking

  • Total parking spaces:2
  • Parking description:Driveway, On street
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: August 9, 2026

New listings near 4737 SE 28th Ave