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

2beds
3baths
932sqft
$349,900
$375price/sqft
$2,313/moest. monthly cost
$92,520/yrincome needed

About This Home

Welcome to your dream home! Nestled in the phenomenal Reed neighborhood with an impressive 88 BikeScore, I’m just steps from Reed College, making me the perfect choice for student housing, an investment property, or simply a sensational close-in SE PDX location. With restaurants, parks, and the stunning Crystal Springs Rhododendron Garden nearby, I offer both convenience and charm. Step inside, and you’ll instantly feel my warmth and character. My kitchen is a chef’s paradise, featuring rich cabinetry, breathtaking backsplash, floating shelves and accent lighting. My open-concept design seamlessly connects the kitchen to the dining and living areas, where a dramatic accent wall with built-ins and soft ambient lighting creates a stylish and inviting atmosphere. On my lower level, you’ll find a guest bath dressed in moody tones and elegant tile work—because even the smallest details matter. Upstairs, my primary suite and spacious secondary bedroom shine with perimeter lighting, soaring ceilings, and oversized windows that flood me with natural light. Step outside into my private, fenced yard, where a cozy patio awaits your 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, I’m perfectly positioned for both relaxation and adventure. Bonus: 100% financing may be available to qualified buyers—ask for details. (My list price is subject to the buyer qualifying for the Portland Housing Bureau System Development Charge exemption program, designed to promote affordable housing. Call my people for more details.)

Getting Around

59
WalkingSomewhat Walkable
48
TransitSome Transit
88
BikeVery Bikeable

Schools

9/10
Grout Elementary SchoolGrades K-50.5 mi
7/10
Hosford Middle SchoolGrades 6-81.4 mi
7/10
Cleveland High SchoolGrades 9-120.9 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2025

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Cement Siding

Type & Style

  • Home type: Townhouse
  • Architectural style: Contemporary
  • Property subType: Residential,Condominium,Townhouse

Interior

Appliances

  • Appliances included: Dishwasher,Free-Standing Range,Microwave,Stainless Steel Appliance(s),Electric Water Heater
  • Laundry features: Hookup Available

Basement

  • Basement: Crawl Space

Bedroom2

  • Features: High Ceilings, Wallto Wall Carpet
  • Level: Upper
  • Area: 120

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 2
  • Partial bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Features: Great Room,High Ceilings
  • Level: Main
  • Area: 96

Features

  • High Ceilings,Great Room,Gourmet Kitchen,Built-in Features
  • Window features: Double Pane Windows,Vinyl Frames
  • Flooring: Wall to Wall Carpet

Heating & Cooling

  • Heating features: Mini Split
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 932
  • Total interior livable area: 932 sqft

Kitchen

  • Features: Dishwasher, Gourmet Kitchen, Great Room, Microwave,High Ceilings, Solid Surface Countertop
  • Level: Main
  • Area: 120

Living Room

  • Features: Builtin Features, Great Room,High Ceilings
  • Level: Main
  • Area: 120

Master Bedroom

  • Features: Ensuite, High Ceilings, Wallto Wall Carpet
  • Level: Upper
  • Area: 99

Property

Accessibility

  • Accessibility features: Natural Lighting,Accessibility

Details

  • Parcel number: New Construction

Features

  • Stories: 2
  • Exterior features: Yard
  • Fencing: Fenced
  • Has view: Yes
  • View description: Trees/Woods

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Cold Wave
Heat Wave

FEMA Declared Disasters in Multnomah County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$71$852
Property Taxes $297$3,564
Electricity $176$2,119
Total$2,313$27,756
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$79,302/yr
40% on housing$69,390/yr
45% on housing$61,680/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$375This listing

vs Other Active Listings

Avg $/sqft

ZIP 97202$290
Multnomah County$244

vs Homes Sold Last Month

Median $/sqft

ZIP 97202$303
Multnomah County$288

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-02-18Price change$349,900
2025-10-20Price change$359,900
2025-10-03Price change$369,800
2025-04-04Listed for sale$379,900

New Construction

AgentDarryl Bodle
BrokerageKeller Williams Realty Portland Premiere

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