Sold930d on marketHistoric · 104 yrs
4738 SE 28th Ave
Portland, OR, 97202 • Reed • Multnomah County
$705,000
$281/sqft
5Beds
3Baths
2,512Sqft
1922Built
Property DNA
Character Home
Built 1922 · 104 years of history
Outdoor Living
Deck
Garage
Attached · Garage
Hardwood Floors
Quality flooring throughout
Market activity
Demand and pricing signals for this listing
9 views
People checking out this listing
930 days on market
Established listing
$281/sqft
Price per square foot
About this home
Multi Family · Built 1922 · Historic
What a find! This fully updated turn key two unit bungalow offers prime location and income potential, just minutes away from the Woodstock/Reed College area. The main home features an owner's suite upstairs with full bath, two bedrooms, and additional full bath on the main level. Abundant light filled living spaces, cozy fireplace, wood floors, and high ceilings will make you feel right at home. The kitchen features granite counters, tile, SS appliances and ample storage. Enjoy entertaining and watching the sunset over the West Hills on the large deck above the attached garage. The fully permitted lower level ADU is a great investment opportunity with continued rental income potential, or possibly used as an Airbnb. This updated ADU features a large open living space with a gas fireplace, full kitchen, dining area, two large bedrooms and a full bathroom. Don't miss out on this incredible opportunity!
Estimated monthly payment
Based on current rates
$4,430/month
Principal & Interest$3,490
Property Tax$705
Insurance$235
Down payment20% ($141,000)
3%50%
Est. 6.30% rate · 30yr fixed · $564,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1922
HeatingForced Air, Fireplace(s)
CoolingNone
Parking1 Garage space
Property
Home typeMulti Family
Sub-typeMulti Family
ConditionUpdated/Remodeled
Year built1922
Stories3
Systems
HeatingForced Air, Fireplace(s)
CoolingNone
RoofComposition
ConstructionLap Siding, Shingle Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingAttached, Garage
BasementExterior Entry,Finished,Separate Living Quarters Apartment Aux Living Unit
Location & Tax
NeighborhoodReed
ZoningR2.5
Annual tax$6,725
ParcelR662137
Bathrooms & Fees
Full baths3
Features & details
9 categories of property features
Interior Features
Appliances
Washer/Dryer
Dishwasher
Refrigerator
Gas Water Heater
Flooring
Hardwood
Heating
Forced Air
Fireplace(s)
Cooling
None
Exterior Features
Parking
Attached
Garage
Construction
Lap Siding
Shingle Siding
Patio & Porch
Deck
Lot Features
Corner Lot
Secluded
Trees
SqFt 3000 to 4999
Gas
Gas
Listing insights
Market data and value estimates
StatusSold
Days on market930
Est. value$726,100
Est. rent$2,182/mo
Tax rate0.96%
Price/sqft$281
On marketAug 3, 2023
PostedOct 8, 2025
Last sold$705,000
MLS statusSold
MLS updatedSep 11, 2023
Tour days6
Views9
How are the schools in Portland?
3 schools rated nearby
Location
Portland, OR, 97202
Price history
7 events
DateEventPrice$/sqftSource
Sep 8, 2023Sold$705,000$281RMLS (OR)
Aug 12, 2023Pending Sale$699,900$279RMLS (OR)
Aug 3, 2023Listed For Sale$699,900$279RMLS (OR)
Jan 8, 2015Sold$499,900$199RMLS (OR)
Jun 1, 2013Listing Removed$282,500$112Fairplay Realty Elite
Apr 29, 2013Price Change$282,500$112Fairplay Realty Elite
Apr 10, 2013Listed For Sale$285,000$113Fairplay Realty Elite
Sold$705,000
Sep 8, 2023•$281/sqft•RMLS (OR)
Pending Sale$699,900
Aug 12, 2023•$279/sqft•RMLS (OR)
Listed For Sale$699,900
Aug 3, 2023•$279/sqft•RMLS (OR)
Sold$499,900
Jan 8, 2015•$199/sqft•RMLS (OR)
Listing Removed$282,500
Jun 1, 2013•$112/sqft•Fairplay Realty Elite
Price Change$282,500
Apr 29, 2013•$112/sqft•Fairplay Realty Elite
Listed For Sale$285,000
Apr 10, 2013•$113/sqft•Fairplay Realty Elite
Nearby homes
Neighborhood details
Local context around this listing
Portland, OR • Multnomah County
Nearby neighborhoods
Cedar MillCentennialDowntownHazelwoodLentsMontavillaNorthwestPowellhurst GilbertRichmondSt.Johns
Nearby cities
Bridal VeilCorbettFairviewGreshamPortlandRhododendronTroutdaleWood Village
Nearby zip codes
97202972039720697217972199722997230972339723697266
Similar homes
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. This content last updated on 2026-03-27 03:59:15 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
No obligation · Same-day response