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5170 28th Ave
Portland, OR 97202
10 New 2 bed/2.1bath Units · Multifamily Property For Sale · 10 Units

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INVESTMENT HIGHLIGHTS

  • Phenomenal Reed neighborhood
  • Designer finishes
  • Perfect choice for student housing or traditional rental housing

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Price Per Unit $364,990
Sale Type Investment
No. Units 10
Property Type Multifamily
Apartment Style Townhome
Building Size 8,706 SF
No. Stories 2
Year Built 2025
Zoning RM1

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2.5 10 $2,545 854 - 932
  • Listing ID: 35990034

  • Date on Market: 5/26/2025

  • Last Updated:

  • Address: 5170 28th Ave, Portland, OR 97202

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