Charming Bungalow with Income Potential. Welcome to this inviting bungalow-style home offering a perfect blend of comfort, functionality, and future possibilities. The main floor features 2 spacious bedrooms and 1 full bathroom, along with a bright and welcoming living area, a functional kitchen, and a cozy dining space ideal for everyday living.The finished basement adds exceptional versatility with 1 non-conforming bedroom, an additional full bathroom, and a kitchenette. With its separate private entrance, the lower level offers excellent flexibility for guests, extended family, a home office, or potential rental use. Outside, the generous side yard presents an exciting opportunity for future expansion. The City of Portland approved the subdivision of the lot to build a new 1,000 square-foot home under the "Middle House" program (floor plans available upon request),creating even more possibilities for rental income, multigenerational living, or added property value. This property is a unique opportunity for homeowners and investors alike. Don't miss your chance to make this versatile home your own. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10196927]
Active
Price cut: $39.9K (8/30)
$460,000
2132 SE Reedway St, Portland, OR 97202
3beds
1,505sqft
Residential, Single Family Residence
Built in 1927
4,791 Square Feet Lot
$-- Zestimate®
$306/sqft
$-- HOA
What's special
Generous side yardFinished basementInviting bungalow-style homeCozy dining spaceSeparate private entranceFunctional kitchen
- 64 days
- 1,731
- 127
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Omar Torres 503-381-9668,
Keller Williams PDX Central
Source: RMLS (OR),MLS#: 123737380
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Rooms
- Room types: Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Main
Bedroom 2
- Level: Main
Bedroom 3
- Level: Lower
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Forced Air
Appliances
- Included: Built-In Range, Dishwasher, Disposal, Free-Standing Range, Stainless Steel Appliance(s), Washer/Dryer, Electric Water Heater, Tank Water Heater
Features
- Quartz
- Flooring: Hardwood, Vinyl
- Windows: Double Pane Windows
- Basement: Finished,Full
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,505
- Total interior livable area: 1,505 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Detached
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Porch
- Fencing: Fenced
Lot
- Size: 4,791 Square Feet
- Features: Corner Lot, SqFt 3000 to 4999
Details
- Parcel number: R304470
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Asbestos
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1927
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $306/sqft
- Tax assessed value: $523,880
- Annual tax amount: $5,142
- Date on market: 6/29/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2026 | Price change | $460,000-8%$306/sqft |
Source:  RMLS (OR) #123737380 Report a problem | ||
| 7/17/2026 | Price change | $499,900-7.4%$332/sqft |
Source: RMLS (OR) #123737380 Report a problem | ||
| 6/30/2026 | Listed for sale | $539,900+20%$359/sqft |
Source: RMLS (OR) #123737380 Report a problem | ||
| 3/13/2025 | Listing removed | $1,900$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/11/2025 | Listed for rent | $1,900+5.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/30/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/26/2023 | Listed for rent | $1,800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/31/2022 | Sold | $450,000+5.9%$299/sqft |
Source: RMLS (OR) #21072706 Report a problem | ||
| 12/15/2021 | Pending sale | $425,000$282/sqft |
Source: RMLS (OR) #21072706 Report a problem | ||
| 12/10/2021 | Listed for sale | $425,000$282/sqft |
Source: RMLS (OR) #21072706 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,143 +3.7% | $190,870 +3% |
| 2024 | $4,958 +4% | $185,320 +3% |
| 2023 | $4,768 +2.2% | $179,930 +3% |
| 2022 | $4,665 +1.7% | $174,690 +3% |
| 2021 | $4,586 +9% | $169,610 +3% |
| 2020 | $4,207 +3.8% | $164,670 +3% |
| 2019 | $4,052 | $159,880 +3% |
| 2018 | $4,052 +3% | $155,230 +3% |
| 2017 | $3,933 +14% | $150,710 +3% |
| 2016 | $3,450 | $146,330 +3% |
| 2015 | $3,450 +2.7% | $142,070 +3% |
| 2014 | $3,360 +3.9% | $137,940 +3% |
| 2013 | $3,232 +10.5% | $133,930 +3% |
| 2012 | $2,924 +3.9% | $130,030 +3% |
| 2011 | $2,814 +5.4% | $126,250 +3% |
| 2010 | $2,670 +2.7% | $122,580 +3% |
| 2009 | $2,600 +6% | $119,010 +3% |
| 2008 | $2,454 +0.3% | $115,550 +3% |
| 2007 | $2,446 +11.4% | $112,190 +3% |
| 2006 | $2,197 +4.7% | $108,930 +3% |
| 2005 | $2,098 -8.2% | $105,760 +3% |
| 2004 | $2,285 +2.3% | $102,680 +3% |
| 2003 | $2,235 +8.9% | $99,690 +3% |
| 2002 | $2,053 +7.4% | $96,790 +6.1% |
| 2000 | $1,912 +7.5% | $91,250 +3% |
| 1999 | $1,778 | $88,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Sellwood-Moreland
Nearby schools
Schools provided by the listing agent
- Elementary: Llewellyn
- Middle: Sellwood
- High: Cleveland
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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