8

Reed Homes for Sale

Section Image
  • 5187 SE 28th Ave, Portland, OR 97202
    5187 SE 28th Ave, Portland, OR 97202
    5187 SE 28th Ave, Portland, OR 97202
    /14

    $349,900

    New Construction Open Sat 1PM - 3PM
    • 2 Beds
    • 2.5 Baths
    • 880 Sq Ft

    5187 SE 28th Ave, Portland, OR 97202

    Welcome to polished new construction in Portland’s Reed neighborhood, where my 88 Bike Score and close proximity to Reed College create a compelling combination of daily convenience, lifestyle appeal, and investment potential. Restaurants, parks, neighborhood essentials, and Crystal Springs Rhododendron Garden are all nearby, while Woodstock, Brooklyn, and Westmoreland expand the options for

    Darryl Bodle Keller Williams Realty Portland Premiere

    5187 SE 28th Ave, Portland, OR 97202
  • 4737 SE 28th Ave, Portland, OR 97202
    4737 SE 28th Ave, Portland, OR 97202
    4737 SE 28th Ave, Portland, OR 97202
    /19

    $675,000

    $125K PRICE DROP
    • 6 Beds
    • 3 Baths
    • 2,700 Sq Ft

    4737 SE 28th Ave, Portland, OR 97202

    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

    Sara Plestina Lewis Windermere Realty Trust

    4737 SE 28th Ave, Portland, OR 97202
  • 5177 SE 28th Ave Unit 5, Portland, OR 97202
    5177 SE 28th Ave Unit 5, Portland, OR 97202
    5177 SE 28th Ave Unit 5, Portland, OR 97202
    /15

    $319,900

    New Construction Open Sat 1PM - 3PM $50K PRICE DROP
    • 2 Beds
    • 2.5 Baths
    • 878 Sq Ft

    5177 SE 28th Ave Unit 5, Portland, OR 97202

    Welcome to polished new construction in Portland’s Reed neighborhood, where my 88 Bike Score and close proximity to Reed College create a compelling combination of daily convenience, lifestyle appeal, and investment potential. Restaurants, parks, neighborhood essentials, and Crystal Springs Rhododendron Garden are all nearby, while Woodstock, Brooklyn, and Westmoreland expand the options for

    Darryl Bodle Keller Williams Realty Portland Premiere

    5177 SE 28th Ave Unit 5, Portland, OR 97202
  • 5169 SE 28th Ave Unit 1, Portland, OR 97202
    5169 SE 28th Ave Unit 1, Portland, OR 97202
    5169 SE 28th Ave Unit 1, Portland, OR 97202
    /25

    $349,900

    New Construction Open Sat 1PM - 3PM $30K PRICE DROP
    • 2 Beds
    • 2.5 Baths
    • 932 Sq Ft

    5169 SE 28th Ave Unit 1, Portland, OR 97202

    Welcome to polished new construction in Portland’s Reed neighborhood, where my 88 Bike Score and close proximity to Reed College create a compelling combination of daily convenience, lifestyle appeal, and investment potential. Restaurants, parks, neighborhood essentials, and Crystal Springs Rhododendron Garden are all nearby, while Woodstock, Brooklyn, and Westmoreland expand the options for

    Darryl Bodle Keller Williams Realty Portland Premiere

    5169 SE 28th Ave Unit 1, Portland, OR 97202
  • 3700 SE Ellis St, Portland, OR 97202
    3700 SE Ellis St, Portland, OR 97202
    3700 SE Ellis St, Portland, OR 97202
    /48

    $1,200,000

    Open Sun 11AM - 5PM
    • 2 Beds
    • 3 Baths
    • 3,155 Sq Ft

    3700 SE Ellis St, Portland, OR 97202

    Offered for the first time, this remarkable Mid-Century Modern estate is nestled at the end of a quiet private road on 1.69 acres. This one-of-a-kind urban oasis offers mesmerizing views across the estate toward Reed College and a serene spring-fed pond set within a quiet natural setting with a chorus of birds. Perfectly located right in the middle of Southeast Portland, close proximity to

    Brandi Erskine MORE Realty

    3700 SE Ellis St, Portland, OR 97202
  • 3407 SE Steele St, Portland, OR 97202
    3407 SE Steele St, Portland, OR 97202
    3407 SE Steele St, Portland, OR 97202
    /48

    $799,900

    $25K PRICE DROP
    • 4 Beds
    • 3 Baths
    • 2,576 Sq Ft

    3407 SE Steele St, Portland, OR 97202

    Welcome to this stunning 1957 Mid-Century Modern home offering 2,567 square feet of timeless design and flexible living space in the heart of Southeast Portland in the Reed College neighborhood. Featuring 4 bedrooms and 3 full bathrooms, this architectural classic blends iconic mid-century character with modern functionality.Enjoy easy main-floor living with spacious gathering areas, comfortable

    Aaron Heard Keller Williams PDX Central

    3407 SE Steele St, Portland, OR 97202
  • 4720 SE 37th Ave Unit 4724, Portland, OR 97202
    4720 SE 37th Ave Unit 4724, Portland, OR 97202
    4720 SE 37th Ave Unit 4724, Portland, OR 97202
    /24

    $619,900

    $19K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,260 Sq Ft

    4720 SE 37th Ave Unit 4724, Portland, OR 97202

    Screaming deal at new price! Well maintained mid-century duplex in near Reed College. Solid earner, strong rents, generous sq ft and attractive upgrades. One 1 bedroom unit and one 2 bedroom unit. Both units feature bamboo floors, dishwashers, stack washer and dryers, tile floors and private front and back doors.. The two bedroom unit has sliding glass doors in the second bedroom. The one bedroom

    Lisa Long High Five Properties

    4720 SE 37th Ave Unit 4724, Portland, OR 97202
  • 5179 SE 28th Ave Unit 6, Portland, OR 97202
    5179 SE 28th Ave Unit 6, Portland, OR 97202
    5179 SE 28th Ave Unit 6, Portland, OR 97202
    /17

    $324,900

    New Construction Open Sat 1PM - 3PM $50K PRICE DROP
    • 2 Beds
    • 2.5 Baths
    • 880 Sq Ft

    5179 SE 28th Ave Unit 6, Portland, OR 97202

    Welcome to polished new construction in Portland’s Reed neighborhood, where my 88 Bike Score and close proximity to Reed College create a compelling combination of daily convenience, lifestyle appeal, and investment potential. Restaurants, parks, neighborhood essentials, and Crystal Springs Rhododendron Garden are all nearby, while Woodstock, Brooklyn, and Westmoreland expand the options for

    Darryl Bodle Keller Williams Realty Portland Premiere

    5179 SE 28th Ave Unit 6, Portland, OR 97202
Oregon Multnomah County Portland

Real Estate & Homes for Sale in Reed, Portland

Why Live in Reed
Reed, the smallest neighborhood in Southeast Portland, is primarily known for Reed College, which occupies much of its 439 acres. The college's century-old, East Coast-style brick buildings and public-access lake with surrounding trails provide a park-like setting for residents. The neighborhood features a mix of quintessential old Portland bungalows, mid-century ranch-style homes, and newer farmhouses. Despite its proximity to Downtown Portland, less than 4 miles away, Reed maintains a residential feel with mature tree-lined streets and limited commercial activity. Local highlights include Heretic Coffee Co., Gigantic Brewing, and food carts like Breaking Buns. For more dining options, residents often venture to nearby South East Powell Boulevard and South East Woodstock Boulevard. Reed offers access to highly rated schools, including Hosford Middle and Cleveland High, known for their dual language programs. The proximity of Reed College means that residents can attend a regular calendar of campus lectures, musical performances, and athletic events. Off-campus, residents enjoy venues like the Clinton Street Theater, Aladdin Theater, and Oaks Amusement Park. Grocery shopping is convenient with Trader Joe’s, Safeway, and New Seasons Market nearby. Public transportation options include TriMet buses and a light rail station, with Portland International Airport just 11 miles away. Medical care is accessible at nearby hospitals such as Adventist Health Portland and Providence Portland Medical Center.
Learn more about living in Reed

Reed Home Prices vs. Nearby Portland, OR Neighborhoods

Reed North Tabor Richmond Hosford-Abernethy
Median Home Price
$639,900
$605,000
$630,000
$685,000
Median Sale Price
$614,950
-7% YoY
$590,000
+17% YoY
$635,000
-2% YoY
$705,500
+8% YoY
Median Single Family Price
$675,000
$609,544
$660,000
$755,000
Median Townhouse Price
$440,000
$729,000
$728,833
$660,000
Median Condo Price
$319,900
$259,900
$367,900
$429,950
Total Active Listings
7
10
22
13
Market Conditions
2 Months of Supply
Seller's Market
2 Months of Supply
Seller's Market
2 Months of Supply
Seller's Market
2 Months of Supply
Seller's Market

Frequently Asked Questions

Is Reed a good place to live?
Reed is a good place to live. Reed is considered somewhat walkable and very bikeable with some transit options. Reed is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Reed has 6 parks for recreational activities. It is somewhat dense in population with 10.0 people per acre and a median age of 35. The average household income is $106,218 which is below the national average. College graduates make up 50.2% of residents. A majority of residents in Reed are renters, with 65% of residents renting and 35% of residents owning their home. A local real estate agent serving Reed can help you decide if this neighborhood is the right one for you. Learn more on our Reed neighborhood guide.
Is Reed, OR a safe neighborhood?
Reed, OR is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Reed?
The median home price in Reed is $639,900. If you put a 20% down payment of $128,000 and had a 30-year fixed mortgage with an interest rate of 6.55%, your estimated principal and interest payment would be $3,250 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $139K a year to afford the median home price in Reed. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Reed is $106K.
What are the best public schools in Reed?
The best public schools that serve Reed are:
What are the best private schools in Reed?
The best private schools that serve Reed are:
What are the most popular zip codes in Reed, Portland, OR?
The most popular zip codes in Reed, Portland, OR include 97202, 97206, 97214, 97215 and 97222.
What are the most popular neighborhoods near Reed, Portland, OR?
The most popular neighborhoods near Reed, Portland, OR are Eastmoreland, Creston-Kenilworth, Sellwood, Woodstock and Brooklyn.
Are home prices dropping in Reed?
Yes, home prices in Reed are down 8% in the last 12 months.
How to Buy a Home How to Finance a Home How to Sell a Home

The Reed neighborhood in Portland, Oregon, offers a unique blend of residential tranquility and proximity to urban amenities. This area is characterized by a diverse range of property types, including classic Portland bungalows, ranch-style homes, and newer farmhouses, with property values averaging $684,558. Although options like condos, townhouses, and multi-family homes are less prevalent, the neighborhood maintains a distinct charm with its residential streets surrounding Reed College. The housing market here exhibits strong demand, with homes typically selling after 29 days on the market, and a consistent increase in property values year-over-year. Reed's educational landscape is robust, with public schools such as Grout Elementary, Hosford Middle, and Cleveland High offering dual language immersion programs. While the neighborhood lacks public parks, residents enjoy the green spaces of Reed College and nearby attractions like the Crystal Springs Rhododendron Garden. Despite the absence of mobile homes, Reed's real estate market remains attractive to both buyers and renters seeking a community-oriented environment close to the vibrant heart of Portland.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate 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 Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2026 CoStar Group