About This Home

This 3-bedroom, 2-bathroom single family at 2132 SE REEDWAY St in Portland, OR is listed for $460,000 ($306 per sqft). Built in 1927, the home offers 1,505 sqft of living space on a 0.11 acres lot.

Key Features

  • Built in 1927
  • 0.11 acre lot
  • 2 stories

Property Details

2 stories
2 full
1-car garage
1927
Listing Description

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.Th

e 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

Monthly Cost Estimate

$2,460/mo

20% down · 6.5% · 30 years

Principal$333
Interest$1,993
Insurance$134

Estimates only. Actual payments may vary.

Location

2132 SE REEDWAY St

Portland, OR 97202

Features & Amenities

Interior Features

HardwoodFloorsVinylFloorWasherDryer

Exterior Features

FencedPorch

Property Details

Outdoor Features

Porch

Heating

Forced Air

Appliances

BuiltinRangeDishwasherDisposalFreeStandingRangeQuartzStainlessSteelAppliance

Questions & Answers

This 3-bedroom, 2-bathroom single family at 2132 SE REEDWAY St is listed at $460,000 ($306/sqft). The estimated monthly payment is $2,460 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1927, 0.11 acre lot, 2 stories. Interior Features: HardwoodFloors, VinylFloor, WasherDryer. Exterior Features: Fenced, Porch.

This property is listed by Omar Torres.

OT

Omar Torres

Agent at Keller Williams Realty Portland Central

Listed by Keller Williams Realty Portland Central · Broker phone: (503) 548-4848 · View on Broker Site · Broker website

MLS# 123737380· Source: Regional Multiple Listing Services· 123 days on PropertySimple

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2132 SE REEDWAY St, Portland, OR 97202

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