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  • $775,000

    5305 SE 34th Ave, Portland, OR 97202

    6beds
    3,425sqft
    Multi Family
    Built in 1948
    -- sqft lot
    $774,000 Zestimate®
    $226/sqft
    $2,877 Estimated rent

    What's special

    Investment property with a multitude of potential uses. Currently being operated as a rental for students of Reed College, this unique multi-level home sits on a coveted corner lot adjacent to Reed, offering stunning views of its iconic campus and the serene, forested canyon nature preserve. In 2022/23 extensive upgrades and remodeling were performed on the main and lower levels providing an optimal environment for communal living. The well-appointed kitchen includes two refrigerators, two dishwashers, a commercial-sized sink, a quartz island, with ample storage and pantry space. The main level has two inviting living rooms with hardwood floors and three spacious bedrooms, each featuring hardwood flooring. These rooms share a beautifully updated full bath with a glass-enclosed shower. The lower level houses two additional bedrooms, a laundry room with two sets of washers and dryers, a fully updated bath, and the kitchen. Upstairs, the home retains its original charm with three more bedrooms—one with a private deck—and a shared full bath. Many system improvements have been made to the home including a new roof and a new tankless hot water heater. Home has an oversized garage with additional driveway space and a very ample storage unit; The seller has detailed plans for potential conversion of the home into a duplex. [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10069852]

    Zillow last checked: 7 hours ago

    Listing updated: July 18, 2025 at 08:21am

    Listed by:

    Jeff Capen #AGENT_PHONE,

    Windermere Realty Trust,

    John McClain 360-931-0160,

    Windermere Realty Trust

    Bought with:

    Becky Love, 201219824

    John L Scott Portland SW

    Source: RMLS (OR),MLS#: 278432825MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air
    Cooling
    • Central Air, Air Conditioning
    Appliances
    • Included: Tankless Water Heater
    • Laundry: Common Area
    Features
    • Flooring: Hardwood
    • Basement: Finished,Full
    Interior area
    • Total structure area: 3,425
    • Total interior livable area: 3,425 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage, Off Street
    • Garage spaces: 2
    Features
    • Stories: 3
    • Has view: Yes
    • View description: Park/Greenbelt
    Lot
    • Size: 9,147 sqft
    • Features: Corner Lot, Level, Trees, SqFt 7000 to 9999
    Details
    • Parcel number: R253082
    • Zoning: R7

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • T111 Siding
    • Roof: Composition
    Condition
    • Updated/Remodeled
    • Year built: 1948

    Utilities & green energy

    • Gas: Gas
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Central Air, Commons, Laundry
    Location
    • Region: Portland
    • Subdivision: Reed

    HOA & financial

    Other financial information
    • Total actual rent: 2475

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Road surface type: Paved
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $774,000

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $774,000