Property Photo: 4737 SE 28th Ave OR 97202

Listing Courtesy of:

RMLS / Windermere Realty Trust / Sara Plestina Lewis - Contact: saralewis@windermere.com

4737 SE 28th Ave Portland, OR 97202

Active (58 Days)

$750,000 ^(USD)

BED

BATH

2,700

SQFT

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Description

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%.

MLS #:
385340385

Taxes
$7,504(2024)

Lot Size
5,662 SQFT

Type
Multifamily

Year Built
1944

County
Multnomah County

Community
Reed

Listed By

Sara Plestina Lewis, Windermere Realty Trust, Contact: saralewis@windermere.com

Source
RMLS
Last checked Oct 31 2025 at 10:54 PM GMT+0000

Bathroom Details

Full Bathrooms: 3

Subdivision

Reed

Lot Information

Level
Sloped
On Busline

Property Features

Foundation: Slab

Heating and Cooling

Forced Air

Basement Information

Full Basement
Daylight
Finished

Exterior Features

Brick
Lap Siding
Roof: Composition

Utility Information

Utilities: Utilities-Internet/Tech: Cable
Sewer: Public Sewer
Fuel: Gas

School Information

Elementary School: Grout
Middle School: Hosford
High School: Cleveland

Parking

Off Site

Stories

Additional Information: Lake Oswego 220 A Avenue | saralewis@windermere.com

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: 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 Windermere Real Estate Services Company, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last updated on (10/31/25 15:54). Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.