5170 SE 28th Ave, Portland, OR 97202
Local realty services provided by:ERA Freeman & Associates, Realtors



5170 SE 28th Ave,Portland, OR 97202
$3,899,900
- - Beds
- - Baths
- 8,706 sq. ft.
- Multi-family
- Active
Listed by:darryl bodle
Office:keller williams realty portland premiere
MLS#:572806520
Source:PORTLAND
Price summary
- Price:$3,899,900
- Price per sq. ft.:$447.96
About this home
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.
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Home facts
- Year built:2025
- Listing Id #:572806520
- Added:125 day(s) ago
- Updated:August 15, 2025 at 11:16 AM
Rooms and interior
- Living area:8,706 sq. ft.
Heating and cooling
- Heating:Mini Split
Structure and exterior
- Roof:Composition
- Year built:2025
- Building area:8,706 sq. ft.
- Lot area:0.21 Acres
Schools
- High school:Cleveland
- Middle school:Hosford
- Elementary school:Grout
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,899,900
- Price per sq. ft.:$447.96
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