- ADDRESS:
- 4737 SE 28TH AVE Portland, OR 97202
- Price:
- $675,000
- Units:
- 2
- Acres:
- 0.13
- Unit 1:
-
4 Bed
2.0 Bath
$2,650/mo
Features: Deck, Hardwood Floors, Range, Washer/Dryer Hookup - Unit 2:
-
2 Bed
1.0 Bath
$1,730/mo
Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup - MLS#:
- 385340385
- Lot Size:
- 5,000 to 6,999 SqFt
- Type:
- Multi
- Zone:
- R2.5
- Yr Built:
- 1944
- Taxe/yr:
- $7,783.58
- County:
- Multnomah
- Status:
- Active
- Levels:
- 3
- Heat:
- Forced Air
- Nhood/Bldg:
- REED
- Elem:
- Grout
- Middle:
- Hosford
- High:
- Cleveland
- Lot Desc:
- Level, On Busline, Sloped
- Area:
- Portland Southeast
- Courtesy of:
- Windermere Realty Trust
- Remarks:
- 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. Upper (larger unit) is on a lease through March 2027, lower unit was just vacated 7/1/26. Operating expenses do not include property management fee of 6%.