About 4737 Se 28th Ave
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%.
Features of 4737 Se 28th Ave
| MLS® # | 385340385 |
|---|---|
| Price | $725,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,700 |
| Acres | 0.13 |
| Year Built | 1944 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 4737 Se 28th Ave |
|---|---|
| Area | 143 - Portland Southeast |
| Subdivision | REED |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97202 |
Amenities
| Parking | Off Site |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | Yes |
| Basement | Daylight, Finished, Full Basement |
Exterior
| Exterior | Brick, Lap Siding |
|---|---|
| Lot Description | Level, On Busline, Sloped |
| Roof | Composition |
| Foundation | Slab |
School Information
| Elementary | Grout |
|---|---|
| Middle | Hosford |
| High | Cleveland |
Additional Information
| Date Listed | September 3rd, 2025 |
|---|---|
| Days on Market | 160 |
| Zoning | R2.5 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Windermere Realty Trust |
|---|---|
| Contact Info | saralewis@windermere.com |