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]
Sold
$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
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#: 278432825

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
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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