NOT LISTED FOR SALE

4738 SE 28th Ave Portland, OR 97202

Reed Neighborhood

Estimated Value: $725,000 - $768,000

3 Beds
3 Baths
2,512 Sq Ft
$294/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $705,000 $281 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,493/month

7 Days on Market

Highlights

  • Secluded Lot
  • 1 Car Attached Garage
  • Forced Air Heating System
  • Grout Elementary School Rated 9+
  • Landscaped with Trees
  • 1-minute walk to Tucker Maxon Goat Park

About This Home

As of September 2023

What a find! This fully updated turn key two unit bungalow offers prime location and income potential, just minutes away from the Woodstock/Reed College area. The main home features an owner's suite upstairs with full bath, two bedrooms, and additional full bath on the main level. Abundant light filled living spaces, cozy fireplace, wood floors, and high ceilings will make you feel right at home. The kitchen features granite counters, tile, SS appliances and ample storage. Enjoy entertaining and watching the sunset over the West Hills on the large deck above the attached garage. The fully permitted lower level ADU is a great investment opportunity with continued rental income potential, or possibly used as an Airbnb. This updated ADU features a large open living space with a gas fireplace, full kitchen, dining area, two large bedrooms and a full bathroom. Don't miss out on this incredible opportunity!

Last Agent to Sell the Property

James Newman

MORE Realty License #201210974 Listed on: 08/03/2023

MORE Realty

Last Buyer's Agent

Arthur Klassen

Keller Williams PDX Central License #201235233

Keller Williams PDX Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,725

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • Secluded Lot
  • Corner Lot
  • Landscaped with Trees

Parking

  • 1 Car Attached Garage

Home Design

  • Composition Roof
  • Lap Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,512 Sq Ft Home
  • 3-Story Property

Finished Basement

  • Exterior Basement Entry
  • Apartment Living Space in Basement

Schools

  • Grout Elementary School
  • Hosford Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number R662137

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $6,925
  • Gross Income $37,000
  • Net Operating Income $30,075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,725

Year Built

Built in 1922 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1922
  • Property Condition: UpdatedRemodeled
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, Finished, SeparateLivingQuartersApartmentAuxLivingUnit
  • Storage: Garage
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: LapSiding,ShingleSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Secluded, Trees
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Grout
  • High School: Cleveland
  • Middle Or Junior School: Hosford

Lot Info

  • Zoning: R2.5
  • Parcel #: R662137

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 6725.25

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 18.92
  • Annual Gross Income: 37000.0
  • Property Net Operating Income: 30075.0
  • Annual Operating Expense: 6925.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Sep 6, 2023
Sold by
Beebe Rachel
Bought by
Gavrilovich Anzhelika and Gavrilovich Sergey
Seller's Agent
James Newman
MORE Realty
Buyer's Agent
Arthur Klassen
Keller Williams PDX Central
List Price
$699,900
Sold Price
$705,000
Premium/Discount to List
$5,100
0.73%
Views
195
Current Estimated Value
$738,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,083
Avg. Annual Appreciation
2.39%
Original Mortgage
$684,523
Outstanding Balance
$670,256
Interest Rate
6.81%
Mortgage Type
FHA
Estimated Equity
$69,609

Purchase Details

Closed on
Dec 24, 2014
Sold by
Builldog Capital Partners Llc
Bought by
Beebe Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,900
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2013
Sold by
Ozlund Enterprises Inc
Bought by
Bulldog Capital Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,950
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2013
Sold by
Doane Elizabeth M
Bought by
Ozlund Enterprises Inc

Purchase Details

Closed on
Oct 28, 2011
Sold by
Doane Elizabeth M and Doane Johanna M
Bought by
Doane Elizabeth M

Purchase Details

Closed on
Aug 22, 2002
Sold by
Yoder Kathryn L
Bought by
Doane Elizabeth M and Doane Johanna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,625
Interest Rate
6.52%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 26, 1997
Sold by
Northwest Osteopathic Medical Foundation
Bought by
Yoder Kathryn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,200
Interest Rate
7.86%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gavrilovich Anzhelika $705,000 First American Title
Beebe Rachel $499,900 Fidelity National Title
Bulldog Capital Partners Llc $225,000 Lawyers Title
Ozlund Enterprises Inc $220,975 Accommodation
Doane Elizabeth M -- None Available
Doane Elizabeth M $181,500 Oregon Title Insurance Co
Yoder Kathryn L $116,500 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gavrilovich Anzhelika $684,523
Previous Owner Beebe Rachel $299,900
Previous Owner Bulldog Capital Partners Llc $50,000
Previous Owner Bulldog Capital Partners Llc $272,950
Previous Owner Doane Elizabeth M $177,625
Previous Owner Yoder Kathryn L $93,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $705,000 +0.7% $281 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $699,900 -- $279 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,149 $267,190 -- --
2023 $6,874 $259,410 $0 $0
2022 $6,725 $251,860 $0 $0
2021 $6,611 $244,530 $0 $0
2020 $6,065 $237,410 $0 $0
2019 $5,842 $230,500 $0 $0
2018 $5,670 $223,790 $0 $0
2017 $5,435 $217,280 $0 $0
2016 $4,974 $210,960 $0 $0
2015 $4,843 $204,820 $0 $0
2014 $2,834 $118,140 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    James Newman

    MORE Realty

    1 in this area

    22 Total Sales

    James Newman
    Section Image
  • Arthur Klassen

    Buyer's Agent in 2023

    Arthur Klassen

    Keller Williams PDX Central

    (971) 201-1500

    1 in this area

    63 Total Sales

    Arthur Klassen
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23286355

Regional Multiple Listing Service (RMLS)

APN: R662137

Oregon Multnomah County Portland 97202 Reed

4738 SE 28th Ave, Portland, OR

This home is located at 4738 SE 28th Ave, Portland, OR 97202 since 03 August 2023 and is currently estimated at $738,083, approximately $293 per square foot. This property was built in 1922. 4738 SE 28th Ave is a home located in Multnomah County with nearby schools including Grout Elementary School, Hosford Middle School, and Cleveland High School.

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.

Regional Multiple Listing Service (RMLS) 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 © 2025 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.

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