5170 SE 28th Ave Portland, OR 97202
Reed NeighborhoodEstimated payment $24,678/month
Highlights
- New Construction
- View of Trees or Woods
- Mini Split Heat Pump
- Grout Elementary School Rated 9+
- Mini Split Air Conditioners
- 4-minute walk to Tucker Maxon Goat Park
About This Home
Nestled in the phenomenal Reed neighborhood with an impressive 88 BikeScore, this ten unit community is just steps from Reed College, making it the perfect choice for student housing or traditional rental housing with its sensational, multifaceted SE PDX location. With restaurants, parks, and the stunning Crystal Springs Rhododendron Garden nearby, it offers both convenience and charm. Step inside, and your future tenant will instantly feel the warmth and character. The open-concept design seamlessly connects the kitchens to the dining and living areas, where dramatic accent walls with built-ins and soft ambient lighting creates a stylish and inviting atmosphere. On the lower levels are guest baths dressed in moody tones and elegant tile work—because the smallest details greatly affect your return on investment. Upstairs, primary suites and spacious secondary bedrooms shine with perimeter lighting, soaring ceilings, and oversized windows that flood the bedrooms with natural light. Step outside to private, fenced yards, where cozy patios await for morning coffee or evening gatherings. With Reed College just around the corner and the vibrant neighborhoods of Woodstock, Brooklyn and Westmoreland less than a mile away,this location is perfectly situated for both relaxation, adventure and low vacancy rates. Between low maintenance costs due to the quality, new construction and a one-year builders warranty, you can rest assured your investment is safe. For investors exploring short-term rentals, each unit has the potential to gross as much as $5,000 per month, offering significant income upside in this high-demand area.
Listing Agent
Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #199910100 Listed on: 04/09/2025

Co-Listing Agent
Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #201231606
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2025 | New Construction
Lot Details
- 9,147 Sq Ft Lot
Property Views
- Woods
- Territorial
Home Design
- Composition Roof
- Cement Siding
- Concrete Perimeter Foundation
Interior Spaces
- 8,706 Sq Ft Home
- 2-Story Property
- Crawl Space
Bedrooms and Bathrooms
- 10 Bedrooms
- 15 Bathrooms
Schools
- Grout Elementary School
- Hosford Middle School
- Cleveland High School
Utilities
- Mini Split Air Conditioners
- Mini Split Heat Pump
- Electric Water Heater
Community Details
- 10 Units
- Reed Subdivision
Listing and Financial Details
- Assessor Parcel Number New Construction
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/26/2025 06/26/25 | For Sale | $3,899,900 | 0.0% | $448 / Sq Ft |
06/19/2025 06/19/25 | Off Market | $3,899,900 | -- | -- |
04/09/2025 04/09/25 | For Sale | $3,899,900 | -- | $448 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 572806520

- 5169 SE 28th Ave Unit 1
- 5171 SE 28th Ave Unit 2
- 5173 SE 28th Ave Unit 3
- 5177 SE 28th Ave Unit 5
- 5181 SE 28th Ave Unit 7
- 5179 SE 28th Ave Unit 6
- 4737 SE 28th Ave
- 2845 SE Schiller St
- 4604 SE 30th Ave
- 3180 SE 22nd Ave
- 2067 SE Harold St Unit 8
- 2081 SE Harold St Unit 1
- 2079 SE Harold St Unit 2
- 2075 SE Harold St Unit 4
- 2065 SE Harold St
- 4425 4439 SE 26th Ave
- 5203 SE 34th Ave
- 4423 SE 31st Ave
- 3407 SE Steele St
- 5249 SE 35th Ave
- 2720 SE Steele St
- 2837-2847 SE Colt Dr
- 4475 SE 28th Place
- 4473 SE 28th Place
- 2028 SE Harold St Unit B
- 5605 SE Milwaukie Ave
- 4748 SE Milwaukie Ave
- 3636 SE Mall St
- 4343 SE 37th Ave
- 1415 SE Pardee St
- 3612 SE 28th Place
- 3000 SE Powell Blvd
- 3650 SE 29th Ave
- 1544 SE Tolman St
- 4225 SE Milwaukie Ave
- 3904-4014 SE 39th Ave
- 4429 SE Raymond St
- 1630 SE Rural St
- 3628-3634 SE Milwaukie Ave Unit 3630
- 2725 NE 29th Ave