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$750,000

  • For Sale
  • Active
  • Multi-Family
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Charming duplex in the heart of the Reed College Neighborhood with a 6.76 cap rate. Upstairs unit is 4 bedrooms/2 bath with a brand new deck, hardwood floors & gas fireplace. 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. Upstairs unit is on a lease through 10/31/25, downstairs unit is on month to month. Operating expenses include a monthly property management fee of 6%.

Full Property Details for 4737 SE 28th Ave

General

  • Price: $750,000
  • Taxes: $7,783 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 385340385
  • Updated: 11/4/2025
  • Added to Site: 139 day(s) ago

Rental Information

  • Rent Includes: Water

Parking

  • Parking Features: Off Site

Location

  • County: Multnomah
  • Subdivision: REED
  • Driving Directions: Holgate to SE 28th-South of 28th, home on right

School Information

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

Community

  • Community Name: 143 - Portland Southeast

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Daylight, Finished, Full Basement
  • Roof: Composition
  • Stories/Levels: 3
  • Square Feet: 2,700
  • Year Built: 1944
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Size (Sq. Ft.): 5,662
  • Lot Size: 5, 000 to 6, 999 SqFt
  • Frontage: Paved
  • Lot Features: Level, On Busline, Sloped

Financial Considerations

  • Operating Expenses: $15,063
  • Tax Amount: $7,783.58
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: BERVENS ADD, BLOCK 1, LOT 8
  • Property ID: R591049

Listed by Windermere Realty Trust (503) 636-5000, Sara Lewis (503) 481-3478

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Listing agent

— 4737 SE 28th Ave —

  • Sara Lewis

    Windermere Realty Trust

    503-636-5000

saralewis@windermere.com

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 4737 SE 28th Ave

School District:Portland School District 1j
NameGradesDistance
Grout Elementary School
3119 Southeast Holgate Boulevard, Portland, OR 97202
K-50.3 mi
Hosford Middle School
2303 Southeast 28th Place, Portland, OR 97214
6-81.2 mi
Cleveland High School, Portland, OR
3400 Southeast 26th Avenue, Portland, OR 97202
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4737 SE 28th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/30/2025
Price Reduced
$750,000
-6.25%
MLS
9/03/2025
Listed
$800,000
129.62%
MLS
6/12/2012
Sold
$348,400
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4737 SE 28th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,784
4%
$288,870
3%
2024
$7,504
4%
$280,460
3%
2023
$7,216
4%
$272,300
6%
2021
$6,940
-2%
$256,670
-3%
2022
$7,059
2%
$264,370
6%
2021
$6,940
13%
$249,200
3%
2019
$6,132
3%
$241,950
3%
2018
$5,952
4%
$234,910
3%
2017
$5,705
9%
$228,070
3%
2016
$5,221
3%
$221,430
3%
2015
$5,084
2%
$214,990
3%
2014
$5,007
33%
$208,730
34%
2013
$3,769
—
$156,180
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Windermere Realty Trust (503) 636-5000, Sara Lewis (503) 481-3478

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4035 SE 28th Pl  Portland, OR 97202

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4737 SE 28th Ave, Portland, OR 97202 (MLS# 385340385) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 4737 SE 28th Ave is currently listed for $750,000 and was received on September 03, 2025. Want to learn more about 4737 SE 28th Ave? Do you have questions about finding other Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

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