5170 Se 28th Ave, Portland, OR

$3,899,900

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8,706

Square feet

0.21

Acres

About 5170 Se 28th Ave

Nestled in the phenomenal Reed neighborhood with an impressive 88 BikeScore, this ten unit community is just steps from Reed College, making it the perfect choice for student housing or traditional rental housing with its sensational, multifaceted SE PDX location. With restaurants, parks, and the stunning Crystal Springs Rhododendron Garden nearby, it offers both convenience and charm. Step inside, and your future tenant will instantly feel the warmth and character. The open-concept design seamlessly connects the kitchens to the dining and living areas, where dramatic accent walls with built-ins and soft ambient lighting creates a stylish and inviting atmosphere. On the lower levels are guest baths dressed in moody tones and elegant tile work—because the smallest details greatly affect your return on investment. Upstairs, primary suites and spacious secondary bedrooms shine with perimeter lighting, soaring ceilings, and oversized windows that flood the bedrooms with natural light. Step outside to private, fenced yards, where cozy patios await for 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,this location is perfectly situated for both relaxation, adventure and low vacancy rates. Between low maintenance costs due to the quality, new construction and a one-year builders warranty, you can rest assured your investment is safe. For investors exploring short-term rentals, each unit has the potential to gross as much as $5,000 per month, offering significant income upside in this high-demand area.

Features of 5170 Se 28th Ave

MLS® # 572806520
Price $3,899,900
Bathrooms 0.00
Square Footage 8,706
Acres 0.21
Year Built 2025
Type Multi Family
Status Active

Community Information

Address 5170 Se 28th Ave
Area 143 - Portland Southeast
Subdivision Reed
City Portland
County Multnomah
State OR
Zip Code 97202

Amenities

View Territorial, Trees/Woods
Is Waterfront No
Has Pool No

Interior

Heating Mini Split
Cooling Mini Split
Fireplace No
# of Stories 2
Basement Crawl Space

Exterior

Exterior Cement Siding
Roof Composition
Foundation Concrete Perimeter

School Information

Elementary Grout
Middle Hosford
High Cleveland

Additional Information

Date Listed April 9th, 2025
Days on Market 199
Zoning RM1
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Realty Portland Premiere
Contact Info503-709-4632

Listing Map

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