For Sale205d on market
4737 SE 28th Ave
Portland, OR, 97202 • Reed • Multnomah County
$700,000
$259/sqft
-$25,000 since Feb 20, 2026
Down payment assistance available
6Beds
3Baths
2,700Sqft
0.13 acLot
1944Built
Property DNA
Character Home
Built 1944 · 82 years of history
Reed
Reed
Outdoor Living
Deck
Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 205 days ago · 1,298 views · 35 saves
Market activity
Demand and pricing signals for this listing
1,298 views
People checking out this listing
35 saves
Buyers have saved this home
205 days on market
Established listing
$259/sqft
Price per square foot
About this home
Multi Family · Built 1944
Charming duplex in the heart of the Reed College Neighborhood with a nearly 6% cap rate and room for improvement. Upstairs unit is 4 bedrooms/2 bath with a brand new deck, hardwood floors, gas fireplace & extensive recent improvements including new appliances. 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. Operating expenses do not include property management fee.
Standout features identified
Our analysis highlights gas fireplace, brand new deck, and hardwood floors as key attractions of this home.
Estimated monthly payment
Based on current rates
$4,399/month
Principal & Interest$3,466
Property Tax$700
Insurance$233
Down payment20% ($140,000)
3%50%
Est. 6.30% rate · 30yr fixed · $560,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1944
HeatingForced Air
ParkingOff Site
Days on Zillow205 Days
Price/sqft$259
Property
Home typeMulti Family
Sub-typeMulti Family
ConditionUpdated/Remodeled
Year built1944
Stories3
Systems
HeatingForced Air
RoofComposition
ConstructionBrick, Lap Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingOff Site
BasementDaylight,Finished,Full
Lot5,662 sqft
Location & Tax
NeighborhoodReed
ZoningR2.5
Annual tax$7,783
ParcelR591049
Bathrooms & Fees
Full baths3
Features & details
10 categories of property features
Interior Features
Appliances
Range
Dishwasher
Refrigerator
Gas Water Heater
Flooring
Hardwood
Heating
Forced Air
Laundry
Washer Dryer Hookup
Exterior Features
Parking
Off Site
Construction
Brick
Lap Siding
Patio & Porch
Deck
Lot Features
Level
On Busline
Sloped
SqFt 5000 to 6999
Utilities
Cable Connected
Gas
Gas
Listing insights
Market data and value estimates
StatusFor Sale
Days on market205
Tax rate0.96%
Price/sqft$259
On marketSep 3, 2025
PostedSep 3, 2025
Last sold$348,000
MLS statusActive
MLS updatedMar 25, 2026
Tour days9
Views1,298
Favorites35
How are the schools in Portland?
3 schools rated nearby
Location
Portland, OR, 97202
Price history
9 events
DateEventPrice$/sqftSource
Feb 20, 2026Price Change$700,000$259RMLS (OR)
Jan 26, 2026Price Change$725,000$269RMLS (OR)
Sep 30, 2025Price Change$750,000$278RMLS (OR)
Sep 4, 2025Listed For Sale$800,000$296RMLS (OR)
Jun 15, 2012Sold$348,000$129RMLS (OR)
Oct 25, 2011Sold$142,000$53Public Record
Dec 27, 2010Sold$189,900$70Public Record
Dec 8, 2006Sold$343,500$127Public Record
Nov 2, 2004Sold$390,000$144Public Record
Price Change$700,000
Feb 20, 2026•$259/sqft•RMLS (OR)
Price Change$725,000
Jan 26, 2026•$269/sqft•RMLS (OR)
Price Change$750,000
Sep 30, 2025•$278/sqft•RMLS (OR)
Listed For Sale$800,000
Sep 4, 2025•$296/sqft•RMLS (OR)
Sold$348,000
Jun 15, 2012•$129/sqft•RMLS (OR)
Sold$142,000
Oct 25, 2011•$53/sqft•Public Record
Sold$189,900
Dec 27, 2010•$70/sqft•Public Record
Sold$343,500
Dec 8, 2006•$127/sqft•Public Record
Sold$390,000
Nov 2, 2004•$144/sqft•Public Record
Tax history
26 years of records
YearTax paidAssessed value
Mar 27, 2025$7,784$288,870
Mar 27, 2024$7,504$280,460
Mar 27, 2023$7,216$272,300
Mar 27, 2022$7,059$264,370
Mar 27, 2021$6,940$256,670
Mar 27, 2020$6,366$249,200
Mar 27, 2019$6,132$241,950
Mar 27, 2018$6,132$234,910
Mar 27, 2017$5,952$228,070
Mar 27, 2016$5,221$221,430
Mar 27, 2015$5,221$214,990
Mar 27, 2014$5,084$208,730
Mar 27, 2013$3,769$156,180
Mar 27, 2012$3,349$151,640
Mar 27, 2011$3,282$147,230
Mar 27, 2010$3,114$142,950
Mar 27, 2009$3,032$138,790
Mar 27, 2008$2,861$134,750
Mar 27, 2007$2,853$130,830
Mar 27, 2006$3,386$167,870
Mar 27, 2005$3,234$162,990
Mar 27, 2004$2,530$113,650
Mar 27, 2003$2,474$110,340
Mar 27, 2002$2,272$107,130
Mar 27, 2000$2,116$100,990
Mar 27, 1999$1,967$98,050
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
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