OFF MARKET

Off Market Sep 2021 for $2.5M

—

Est. refi paymentEst. refi $2,256/mo

•

12 ba

•

5,770

sq ft

1627 SE Reedway St, Portland, OR 97202

About this home

Fully rented! Stunning modern new construction 12 unit apartment complex from quality local builder with 1bed, 1 bath units. Newly completed with excellent projected rents! Trendy, open concept floor plan showcases modern amenities, tall ceilings, SS appliances, W/D in units, lots of windows, and more! Situated in the desirable Sellwood-Moreland neighborhood! Right near transit, shopping, eateries, parks, schools, and freeway access!

Multi-familyProperty Type

2020Year Built

$447Price/Sq.Ft.

Listed by Darryl Bodle • Keller Williams Realty Portland Premiere

Listed by Kelly Christian • Keller Williams Realty Portland Premiere

Bought with Darryl Bodle • Keller Williams Realty Portland Premiere

Redfin checked: 4 minutes ago

•Source:RMLS #20378958

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in Sellwood-Moreland, OR

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

101.3%

+0.7% MoM

Median sale price

$580K

$5K MoM

Avg. days on market

10d

0 days MoM

Recently sold homes

3 MoM

New listings for sale

NEW 4 HRS AGO
$499,900
4 beds2 baths1,464 sq ft
3013 SE Francis St, Portland, OR 97202
Timothy Ng • MORE Realty
NEW 9 HRS AGO
$1,550,000
7 beds5 baths— sq ft
3124 SE 20th Ave, Portland, OR 97202
Thomas Cale • Cascade Hasson Sotheby's International Realty
NEW 9 HRS AGO
$589,000
2 beds2 baths1,965 sq ft
4115 SE Gladstone St, Portland, OR 97202
Betsy Shand • Knipe Realty ERA Powered
NEW 12 HRS AGO
$500,000
2 beds1 bath913 sq ft
2522 SE 18th Ave, Portland, OR 97202
Brian Eustis • Rarebird Real Estate
NEW 12 HRS AGO
$700,000
4 beds2 baths3,371 sq ft
2534 SE 18th Ave, Portland, OR 97202
Brian Eustis • Rarebird Real Estate
NEW 12 HRS AGO
$475,000
1 bed1 bath600 sq ft
2532 SE 18th Ave, Portland, OR 97202
Brian Eustis • Rarebird Real Estate
NEW 13 HRS AGO
$625,000
4 beds2 baths2,028 sq ft
5122 SE 36th Pl, Portland, OR 97202
Richard Arkell • Coldwell Banker Bain
NEW 14 HRS AGO
$579,000
4 beds2 baths1,560 sq ft
2014 SE Marion St, Portland, OR 97202
Conor Finlay • CORE, Realtors
COMING SOON
$1,295,000
4 beds4 baths3,459 sq ft
7607 SE 31st Ave, Portland, OR 97202
Trisha Highland • John L. Scott Portland Central
HOT HOME
$525,000
2 beds2 baths1,526 sq ft
5523 SE 40th Ave, Portland, OR 97202
Tom Portlock • MORE Realty
See all

Provided by Redfin

Sale history for 1627 SE Reedway St

Tax history for 1627 SE Reedway St

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

5,000 Sq. Ft.

Year renovated

—

Sq. Ft.

811

Year built

2020

Style

Other

County

Multnomah County

APN

R218428

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 15, 2026.

R2.5

Residential 2,500 zone

The single-dwelling zones are intended to preserve land for housing and to provide housing opportunities for individual households. The zones implement the comprehensive plan policies and designations for single-dwelling housing and provide options for infill housing that is compatible with the scale of the single-dwelling neighborhood.

Permitted uses

Include but are not limited to:

Housing

Property details

Exterior

Lot Information
Lot Size Range: 5,000 to 6,999 SqFt
Lot Size: 5,000 to 6,999 SqFt
Lot Features: Level
Parcel Number: R218428

Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: New Construction
View YN: Yes
View Description: Trees/Woods

Building Information
Year Built: 2020
Building Area Total: 5,770

Financial

Tax Information
Tax Year: 2019
Tax Legal Description: MIDWAY, BLOCK 1, LOT 6
Tax Annual Amount: $4,305.73

Rent Information
Rent Includes: Water

Lease / Rent Information
CAP Rate: 4.92
Gross Rent Multiplier: 14.82

Utilities

Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer

Heating & Cooling
Heating YN: Yes
Heating: Heat Pump
Cooling YN: No

Location

Multi Unit Information
# Of Units Total: 12

Unit Information
Unit Type: 1

Unit Type 1 Information
Actual Rent: $1,317
Area: 480
Baths Total: 1
Beds Total: 1
Units Total: 12

School Information
Elementary School: Llewellyn
Middle Or Junior School: Sellwood
High School: Cleveland

Location Information
Directions: SE Insley St, Between SE 17th Ave and SE Milwaukie Ave
Unparsed Address: 1627 SE REEDWAY ST, Portland, OR 97202

Community Information
Zoning: R2.5

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 811
Stories: 1.0
Lot Size: 5,000 square feet
Style: Other
Year Built: 2020
Year Renovated: —
County: Multnomah County
APN: R218428

Home facts updated by county records on Jul 15, 2026

Other

Listing Information
MlsStatus: Sold

Listing Price Information
Price Type: List Price

Around this home

Schools

Llewellyn Elementary School

Public K-5 • Assigned • 0.4mi

10/10

Sellwood Middle School

Public 6-8 • Assigned • 1.3mi

8/10

Cleveland High School

Public 9-12 • Assigned • 1.3mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

2/10 Fire Factor

0.00% chance of being in a wildfire in next 30 years

3/10 Heat Factor

7 days above 92° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

10/10 Air Factor

19 unhealthy days expected this year, 21 days in 30 years

Provided by First Street

Historical weather

Portland, OR • 97202

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

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New listings for sale in 97202

NEW 4 HRS AGO

$499,900

4 beds2 baths1,464 sq ft

3013 SE Francis St, Portland, OR 97202

Timothy Ng • MORE Realty

NEW 9 HRS AGO

$1,550,000

7 beds5 baths— sq ft

3124 SE 20th Ave, Portland, OR 97202

Thomas Cale • Cascade Hasson Sotheby's International Realty

NEW 9 HRS AGO3D WALKTHROUGH

$589,000

2 beds2 baths1,965 sq ft

4115 SE Gladstone St, Portland, OR 97202

Betsy Shand • Knipe Realty ERA Powered

NEW 12 HRS AGO3D WALKTHROUGH

$500,000

2 beds1 bath913 sq ft

2522 SE 18th Ave, Portland, OR 97202

Brian Eustis • Rarebird Real Estate

NEW 12 HRS AGO3D WALKTHROUGH

$700,000

4 beds2 baths3,371 sq ft

2534 SE 18th Ave, Portland, OR 97202

Brian Eustis • Rarebird Real Estate

NEW 12 HRS AGO3D WALKTHROUGH

$475,000

1 bed1 bath600 sq ft

2532 SE 18th Ave, Portland, OR 97202

Brian Eustis • Rarebird Real Estate

NEW 13 HRS AGO

$625,000

4 beds2 baths2,028 sq ft

5122 SE 36th Pl, Portland, OR 97202

Richard Arkell • Coldwell Banker Bain

NEW 14 HRS AGO

$579,000

4 beds2 baths1,560 sq ft

2014 SE Marion St, Portland, OR 97202

Conor Finlay • CORE, Realtors

COMING SOON

$1,295,000

4 beds4 baths3,459 sq ft

7607 SE 31st Ave, Portland, OR 97202

Trisha Highland • John L. Scott Portland Central

Home values near 1627 SE Reedway St

Data from public records.

Address	Redfin Estimate
1707 SE Reedway Street, Portland, OR 4 Beds \| 2 Baths \| 2320 Sq. Ft.	$697,213
1611 SE Reedway Street, Portland, OR 2 Beds \| 2 Baths \| 1300 Sq. Ft.	$518,589

Address	Redfin Estimate
1639 SE Reedway Street, Portland, OR 2 Beds \| 1 Baths \| 936 Sq. Ft.	$424,646
1616 SE Reedway Street, Portland, OR 1 Beds \| 1 Baths \| 468 Sq. Ft.	$582,916

Address	Redfin Estimate
1632 SE Reedway Street, Portland, OR 3 Beds \| 3 Baths \| 3277 Sq. Ft.	$848,805
1619 SE Reedway Street, Portland, OR 4 Beds \| 2 Baths \| 2112 Sq. Ft.	$522,311

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in Sellwood-Moreland, OR

Sale history for 1627 SE Reedway St

Tax history for 1627 SE Reedway St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 97202

Home values near 1627 SE Reedway St

More real estate resources