UPCOMING EVENT:  1031 Exchange Class on Apr 1, 2026

4737 SE 28TH AVE Portland, OR 97202
Price:
$700,000
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. Operating expenses do not include property management fee.
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