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Listed by Windermere Realty Trust • saralewis@windermere.com
$700,000
Est. payment /mo
2,700 SqFt
Price Dropped by $25K
4737 SE 28TH AVE Portland, OR 97202
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $259
Subdivision Reed
MLS Listing ID 385340385
Year Built 1944
Annual Tax Amount $7,783
Tax Year 2025
Lot Size 5,662 Sqft
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. Operating expenses do not include property management fee.
Location
State OR
County Multnomah
Area _143
Zoning R2.5
Rooms
Basement Daylight, Finished, Full Basement
Interior
Heating Forced Air
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level, On Busline, Sloped
Story 3
Foundation Slab
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Grout
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOLS & PROPERTIES
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