$499,900

2132 Se REEDWAY St, Portland, OR 97202

3 beds |
2 baths |
1,505 sqft

Single-Family Home
Built in 1927
4,792sqft lot
1 car garage
$332/sqft
Listed 22 days ago

Property 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.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]

Listing Status:: Active
Date Added:: June 29, 2026
Data Last Updated:: July 22, 2026 at 4:41AM
Listing Office:: Keller Williams PDX Central : 503-548-4848
Listing Agent:: Omar Torres : 503-381-9668
MLS ID:: 123737380

General: Hardwood floorsVinyl floorWasher dryer
Appliances: Builtin rangeDishwasherDisposalFree standing rangeQuartzStainless steel appliance
Basement: FinishedFull basement
Heating: Forced air
Fireplace: Wood burningFireplaceFireplaces: 1

General: AsbestosFencedPorch
Style: Bungalow
Parking: DrivewayParking spaces: 1

Roofing: Composition
Windows: DoublePaneWindows
General: Concrete perimeter

Road/Access: Paved
Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: WESTMORELANDBLOCK 45LOT 22R304470

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Omar Torres , Keller Williams PDX Central

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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