4737 SE 28TH AVE, Portland, OR 97202
- $675,000
- 2,700
- SqFt
- List Price
- $675,000
- Price Change
- ▼ $20,000 1781913776
- Days on Market
- 328
- MLS#
- 385340385
- Property Type
- Multifamily
- Sqft. of Residence
- 2,700
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland Southeast
- Status
- ACTIVE
Property Description
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%.
/u.realgeeks.media/smiragroup/logo-icon-lg.png){kind=icon}
Additional Information
- Tax Amount
- $7,783
- Year Built
- 1944
- High School
- Cleveland
- Elementary School
- Grout
- Middle School
- Hosford
- Acres
- 0.13
- Living Area
- 2,700
- Stories
- 3
- Subdivision
- REED
- Terms
- Cash, Conventional
- Fuel Description
- Gas
- Heating Description
- Forced Air
- Hoa Rent Includes
- Water
- Hot Water Description
- Gas
- Exterior Description
- Brick, Lap Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Driveway, On Street
- Parking Description
- Driveway, On Street
- Road Surface
- Paved
- Number Of Units Total
- 2
- Unit Type One Baths Total
- 2
- Unit Type One Beds Total
- 4
- Unit Type One Rent
- 2650
- Unit Type One Sq Ft
- 1600
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
Mortgage Calculator
Listing courtesy of Windermere Realty Trust.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.