Recently Listed New Construction 5169 SE 28th AVE
Portland, OR, 97202 $ 324,900
Bedrooms2 Baths2.1 Sq 932 Monthly Estimate*
$ 2,051
for $324,900 with 2 bedrooms and 2 full baths, 1 half bath. This 932 square foot condo was built in 2025.
Welcome to polished new construction in Portland’s Reed neighborhood, where my 88 Bike Score and proximity to Reed College put parks, restaurants, neighborhood essentials and Crystal Springs Rhododendron Garden close at hand. Woodstock, Brooklyn and Westmoreland expand your options for coffee, dining, shopping and recreation while I maintain a quieter residential setting in close in SE Portland. Crafted by a local boutique builder known for elevated interior detailing, I stand apart with illuminated crown molding, architectural built ins, designer accent walls and layered lighting throughout. My open main level connects the kitchen, dining and living spaces for an easy everyday flow. In my kitchen, rich cabinetry, an intricate backsplash, floating shelves and accent lighting create a warm, polished backdrop, while the living area is anchored by a dramatic feature wall with built ins and soft ambient lighting. A guest bathroom continues the distinctive design with moody finishes and elegant tilework. Upstairs, my primary suite and spacious secondary bedroom feature soaring ceilings, oversized windows and perimeter lighting that adds another layer of architectural interest. My thoughtful bedroom separation offers flexibility for guests, shared living, work from home needs or additional privacy. Outside, my private fenced yard and patio create room for morning coffee, gardening, pets or relaxing outdoors. With refined finishes, distinctive details and a location near Reed College and some of Southeast Portland’s favorite neighborhoods, I bring character and convenience together in a brand new home. 100% financing may be available to qualified buyers; ask for details. The list price reflects buyer eligibility for the Portland Housing Bureau System Development Charge exemption program, with owner occupancy as the primary buyer requirement.
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FeaturesInteriorInterior Amenities HighCeilings HookupAvailable Laundry
Basement CrawlSpace
Hot Water Electricity Tank
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 HeatPump
Cooling HeatPump MiniSplit
Roof Composition
Appliances Dishwasher FreeStandingRange Microwave PlumbedForIceMaker SolidSurfaceCountertop StainlessSteelAppliance
Garage Spaces 0
Architectural Style Stories2 Townhouse
Security Features Sidewalk
Year Built 2025
Stories Count 2
Property Subtype Condominium
Tax Year 2026
Warranty BuilderWarranty
Parcel Number New Construction
Accessibility NaturalLighting
County Multnomah
Property Type Residential
HOA N
Subdivision Name REED
Full Baths 2
Status Active
Directions From SE Steele St head north on SE 28th Ave. Property is on the east side of SE 28th just north of
High School Cleveland
City Portland
Disclosures Exempt
MLS Area _143
Listing Terms Cash Conventional 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 1
ADU False
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ExteriorExterior Amenities Fenced Patio
Parking Features OnStreet
Lot Features Level PublicRoad
Water Source PublicWater
Total Parking 0
Exterior Description CementSiding LapSiding
Foundation Details ConcretePerimeter StemWall
Building Area Total 932.0
Road Surface Type Paved
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,051
- 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 $411,114
Percent of Sale Price 27%
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 |
|---|
| 10/3/2026 | $324,900 | | Listed Price |