About 2132 Se Reedway St
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]
Features of 2132 Se Reedway St
| MLS® # | 123737380 |
|---|---|
| Price | $460,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,505 |
| Acres | 0.11 |
| Year Built | 1927 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Bungalow |
| Status | Active |
Community Information
| Address | 2132 Se Reedway St |
|---|---|
| Area | 143 - Portland Southeast |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97202 |
Amenities
| Parking Spaces | 1 |
|---|---|
| Parking | Driveway |
| # of Garages | 1 |
| Garages | Detached |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Hardwood Floors, Washer/Dryer, Vinyl Floor |
|---|---|
| Appliances | Built-in Range, Dishwasher, Disposal, Quartz, Stainless Steel Appliance(s), Free-Standing Range |
| Heating | Forced Air |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Wood Burning |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Finished, Full Basement |
Exterior
| Exterior | Asbestos |
|---|---|
| Exterior Features | Fenced, Porch |
| Lot Description | Corner Lot |
| Windows | Double Pane Windows |
| Roof | Composition |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Llewellyn |
|---|---|
| Middle | Sellwood |
| High | Cleveland |
Additional Information
| Date Listed | June 29th, 2026 |
|---|---|
| Days on Market | 85 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams PDX Central |
|---|