5177 SE 28th AVE # 5
Portland, OR, 97202 $ 319,900
Bedrooms2 Baths2.1 Sq 878 Monthly Estimate*
$ 2,020
for $319,900 with 2 bedrooms and 2 full baths, 1 half bath. This 878 square foot condo was built in 2025.
Welcome to polished new construction in Portland’s Reed neighborhood, where my 88 Bike Score and close proximity to Reed College create a compelling combination of daily convenience, lifestyle appeal, and investment potential. Restaurants, parks, neighborhood essentials, and Crystal Springs Rhododendron Garden are all nearby, while Woodstock, Brooklyn, and Westmoreland expand the options for coffee, dining, shopping, and recreation. Crafted by a local boutique builder known for refined interior detailing, signature illuminated crown molding, architectural built ins, and designer accent walls, I showcase distinctive character from the moment you enter. My kitchen pairs rich cabinetry with an intricate backsplash, floating shelves, and accent lighting that creates a warm, layered atmosphere. My open concept layout connects the kitchen to the dining and living areas, where a dramatic accent wall with built ins and soft ambient lighting establishes a stylish setting for everyday living and entertaining. On my lower level, a guest bathroom carries the design forward with moody tones and elegant tilework. Upstairs, my primary suite and spacious secondary bedroom feature perimeter lighting, soaring ceilings, and oversized windows that fill the rooms with natural light. My thoughtful bedroom separation and flexible layout work equally well for an owner occupant, roommates, or an investor seeking a property near Reed College. Outside, my private fenced yard and cozy patio offer space for morning coffee, gardening, pets, or evening gatherings. My setting balances a peaceful residential feel with convenient access to the destinations that make close in SE Portland so desirable. 100% financing may be available to qualified buyers; ask for details. My list price is subject to the buyer qualifying for Portland Housing Bureau’s System Development Charge Exemption Program, an initiative designed to promote affordable housing across the City of Portland.
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FeaturesInteriorInterior Amenities HighCeilings
Basement CrawlSpace
Hot Water Electricity
Total Stories 2
Window Features DoublePaneWindows VinylFrames
Total Bathrooms 2.1
Unit Location Townhouse
Total Bedrooms 2
Total Baths 3
1/2 Baths 1
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GeneralSewer PublicSewer
Heating MiniSplit
Cooling HeatPump MiniSplit
Roof Composition
Appliances Dishwasher FreeStandingRange Microwave SolidSurfaceCountertop StainlessSteelAppliance
HOA Fee 17.0
Garage Spaces 0
Architectural Style Modern Traditional
Year Built 2025
Stories Count 2
Unit Number 5
Property Subtype Condominium
Tax Year 2025
Warranty BuilderWarranty
Parcel Number New Construction
Assoc Fee Paid Per Monthly
County Multnomah
Property Type Residential
HOA Y
Subdivision Name Reed
Full Baths 2
Status Active
Directions SE 28th just north of Steele
High School Cleveland
City Portland
Disclosures Exempt
MLS Area _143
Listing Terms Cash Conventional FHA VALoan
Elementary School Grout
Tax Annual Amount 0
Middle/Junior High School Hosford
Property Condition NewConstruction
Virtual Tour https://www.youtube.com/watch?v=4jgUDQkHs6Q
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description REED ESTATES CONDOMINIUM UNIT 5
ADU False
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ExteriorExterior Amenities Fenced Patio Yard
Parking Features OnStreet
Water Source PublicWater
Total Parking 0
Exterior Description CementSiding
Foundation Details ConcretePerimeter
Building Area Total 878.0
Road Surface Type Paved
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,020
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Portland, OR
Average List Price $413,771
Percent of Sale Price 29%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949298 Elementary School
1950530 Middle School
Cleveland High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/10/2026 | $319,900 | -3.03% | Price Down |
| 6/13/2026 | $329,900 | -2.94% | Price Down |
| 5/29/2026 | $339,900 | -1.45% | Price Down |
| 2/16/2026 | $344,900 | -1.43% | Price Down |
| 10/22/2025 | $349,900 | -2.78% | Price Down |
| 8/6/2025 | $359,900 | -2.70% | Price Down |
| 4/4/2025 | $369,900 | | Listed Price |