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4737 SE 28th Ave, 
Portland, OR 97202

$800,000


Bed


Bath


2,700

Sq Ft


Multi-Family

Active

Listed by

Sara Lewis

Windermere Realty Trust

503-636-5000

Last updated:

September 6, 2025, 04:21 PM

MLS#

385340385

Source:

PORTLAND

About This Home

4737 SE 28th Ave

Charming duplex in the heart of the Reed College Neighborhood with a 6.34 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%.

Home Facts

Multi-Family

Built in 1944

Price Summary

800,000

$296 per Sq. Ft.

MLS #:

385340385

Last Updated:

September 6, 2025, 04:21 PM

Added:

3 day(s) ago


Rooms & Interior

Interior

Living Area:

2,700 Sq. Ft.


Structure

Structure

Building Area:

2,700 Sq. Ft.

Year Built:

1944


Lot

Lot Size (Sq. Ft):

5,662


Finances & Disclosures

Finances

Price:

$800,000

Price per Sq. Ft:

$296 per Sq. Ft.

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All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Coldwell Banker Pro West Real Estate are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: September 6, 2025

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