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]
Listing Provided Courtesy of Jeff Capen, Windermere Realty Trust
General Information
278432825
65
DOM
6
9147.6 SqFt
3
3425
1948
R7
Multnomah
R253082
Grout 3/10
Hosford
Cleveland 5/10
MultiFamily
REED COLLEGE HTS, BLOCK 3, LOT 1
Listing Provided Courtesy of Jeff Capen, Windermere Realty Trust
Krishna Realty data last checked: Jun 13, 2025 22:53 | Listing last modified Jun 10, 2025 12:55,
Source:
Download our Mobile app
Residence Information
3425
6
3
Composition
2,
Garage,OffStreet
3
1948
Yes
T111Siding
Finished,FullBasement
Finished,FullBasemen
Features and Utilities
CentralAir
Tankless
ForcedAir
PublicSewer
Tankless
Gas
Financial
9355.85
None
Cash,Conventional
04-06-2025
No
No
Comparable Information
65
68
Cash,Conventional
$799,900
$799,900
Jun 10, 2025 12:55
Schools
public Elementary : Grout
3/10Ratings Middle : Hosford N/ARatingspublic High : Cleveland
5/10Ratings
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]