New ConstructionOpen House 3/21 1pm - 3pm
5171 SE 28th AVE # 2
Portland, OR, 97202 $ 299,500
Bedrooms2 Baths2.1 Sq 854 Monthly Estimate*
$ 1,844
for $299,500 with 2 bedrooms and 2 full baths, 1 half bath. This 854 square foot condo was built in 2025.
Welcome to your dream home! Nestled in the phenomenal Reed neighborhood with an impressive 88 BikeScore, I’m just steps from Reed College, making me the perfect choice for student housing, an investment property, or simply a sensational close-in SE PDX location. With restaurants, parks, and the stunning Crystal Springs Rhododendron Garden nearby, I offer both convenience and charm. Step inside, and you’ll instantly feel my warmth and character. My kitchen is a chef’s paradise, featuring rich cabinetry, breathtaking backsplash, floating shelves and accent lighting. My open-concept design seamlessly connects the kitchen to the dining and living areas, where a dramatic accent wall with built-ins and soft ambient lighting creates a stylish and inviting atmosphere. On my lower level, you’ll find a guest bath dressed in moody tones and elegant tile work—because even the smallest details matter. Upstairs, my primary suite and spacious secondary bedroom shine with perimeter lighting, soaring ceilings, and oversized windows that flood me with natural light. Step outside into my private, fenced yard, where a cozy patio awaits your morning coffee or evening gatherings. With Reed College just around the corner and the vibrant neighborhoods of Woodstock, Brooklyn and Westmoreland less than a mile away, I’m perfectly positioned for both relaxation and adventure. Bonus: 100% financing may be available to qualified buyers—ask for details. (My list price is subject to the buyer qualifying for the Portland Housing Bureau System Development Charge exemption program, designed to promote affordable housing. Call my people for more details.) I can’t wait to welcome you home!
See more
Open House
3/21/2026 1:00 PM - 3:00 PM
5171 SE 28th AVE # 2 Portland, OR
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesInteriorInterior Amenities HighCeilings Laundry
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
See more
GeneralSewer PublicSewer
Heating MiniSplit
Cooling MiniSplit
Roof Composition
Appliances Dishwasher FreeStandingRange Microwave PlumbedForIceMaker SolidSurfaceCountertop StainlessSteelAppliance
HOA Fee 17.0
Garage Spaces 0
Architectural Style Modern Townhouse
Year Built 2025
Stories Count 2
Unit Number 2
Property Subtype Condominium
Warranty BuilderWarranty
Parcel Number New Construction
Accessibility NaturalLighting
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 TBD
ADU False
See more
ExteriorExterior Amenities Fenced Yard
Parking Features OnStreet
Lot Features Level
Water Source PublicWater
Total Parking 0
Exterior Description CementSiding
Foundation Details ConcretePerimeter
Building Area Total 854.0
Road Surface Type Paved
See more
* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $1,844
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 $433,391
Percent of Sale Price 45%
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 |
|---|
| 3/13/2026 | $299,500 | -0.03% | Price Down |
| 2/26/2026 | $299,600 | -0.03% | Price Down |
| 2/26/2026 | $299,700 | -0.03% | Price Down |
| 2/13/2026 | $299,800 | -0.03% | Price Down |
| 1/23/2026 | $299,900 | -3.23% | Price Down |
| 1/20/2026 | $309,900 | -3.13% | Price Down |
| 1/20/2026 | $319,900 | -3.03% | Price Down |
| 10/9/2025 | $329,900 | -5.72% | Price Down |
| 8/7/2025 | $349,900 | | Listed Price |