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4737 SE 28TH AVE Portland, OR $ 750,000
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$ 750,000 Get more info
4737 SE 28TH AVE
$ 750,000
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Share Save

4737 SE 28TH AVE

Portland, OR, 97202
$ 750,000
Bedrooms6 Baths3.0 Sq 2,700

Monthly Estimate*

$ 4,679

4737 SE 28TH AVE, Portland, OR 97202 - Image 1
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Multi-Family Home for sale in Portland, OR

for $750,000 with 6 bedrooms and 3 full baths. This 2,700 square foot home was built in 1944 on a lot size of 0.13.

Charming duplex in the heart of the Reed College Neighborhood with a 6.76 cap rate. Upstairs unit is 4 bedrooms/2 bath with a brand new deck, hardwood floors & gas fireplace. 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. Upstairs unit is on a lease through 10/31/25, downstairs unit is on month to month. Operating expenses include a monthly property management fee of 6%.

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Multi-Family Active

Price

$ 750,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,783

Style

Lot Size

0.13

Year Built

1944

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

385340385
Features
General
Sewer PublicSewer
Heating ForcedAir
Roof Composition
Zoning R2.5
Garage Spaces 0
Year Built 1944
Stories Count 3
Tax Year 2025
Parcel Number R591049
Gross Income 58260.0
County Multnomah
Net Operating Income 50700.0
Operating Expense 15063.0
Property Type MultiFamily
HOA N
Subdivision Name REED
Rent Includes Water
Status Active
Directions Holgate to SE 28th-South of 28th home on right
High School Cleveland
City Portland
Number Of Units Total 2
MLS Area _143
Lot Size Square Feet 5662.0
Listing Terms Cash Conventional
Elementary School Grout
Tax Annual Amount 7783.58
Middle/Junior High School Hosford
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description BERVENS ADD BLOCK 1 LOT 8
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Interior
Basement Daylight Finished FullBasement
Hot Water Gas
Unit 1 Baths Total 2
Unit 1 Beds Total 4
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features OffSite
Lot Features Level OnBusline Sloped
Water Source PublicWater
Exterior Description Brick LapSiding
Foundation Details Slab
Building Area Total 2700.0
Lot Size Acres 0.13
Road Surface Type Paved
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Internal Only
Street Number 1 4737
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* Excluded Features
List By
Windermere Realty Trust

Broker

saralewis@windermere.com

Contact

Affordability Calculator

$5,328
Per Month
88%
12%
0%
Monthly Principal & Interest
$4,679
Monthly Property Taxes
$649
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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.
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Nearby
1949298 Elementary School
1950530 Middle School
Cleveland High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/30/2025$750,000 -6.25% Price Down
9/4/2025$800,000 Listed Price

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4737 SE 28TH AVE, Portland, OR, 97202 is a Multi-Family Home for sale at $750,000 with 2,700 sqft and a lot size of 0.13. 4737 SE 28TH AVE has 6 bedrooms, 3.0 baths, and was built in 1944. The property's zip code is 97202 which is in Portland, OR

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