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Highlights

  • Pet Friendly
  • Air conditioning
  • Built-in microwave
  • Professionally managed
  • Open-concept living
  • Modern luxury
  • Brand-new appliances

Location

5040 Se 38th Ave, Portland, OR 97202, USA|Reed
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Floor plans

2BR/1.5BA2 bed1.5 bath850 sqftWelcome to Your Dream Home in Portland's Reed Neighborhood Step into the pinnacle of modern luxury and comfort with our stunning new two-bedroom, one-and-a-half-bath townhomes. Designed with style and sophistication in mind, each townhome features elegant wood-style flooring on the main level and plush carpeting upstairs—creating a seamless blend of chic design and cozy ambiance. Abundant natural light highlights the impeccable craftsmanship throughout, from the open-concept living and dining areas to the thoughtfully designed kitchen, appliances, a microwave, and a convenient dishwasher. Every room is equipped with air conditioning, ensuring year-round comfort, while your private outdoor patio provides the perfect setting for quiet mornings or relaxing evenings. Unit Highlights: ✨Spacious Layout ✨Premium Flooring ✨Modern Kitchen ✨Private Outdoor Space ✨Light-Filled Living Located in Portland's vibrant Reed neighborhood, you're minutes from top dining spots like Pok Pok, local favorites like Stumptown Coffee, and the boutique-filled Hawthorne District. Explore nearby Mt. Tabor Park or hop on the freeway for easy access to the city and beyond. Schedule your tour today—luxury living awaits! Open Application period date and time specified by the screening company will be listed on the application page. If no time is listed, the unit is in the Open Application period. Follow this link to view our screening criteria to apply: https apply2 net GREEN?unit=ReedPlaceCondo5052 **HAS A PENDING APPLICATION** RENTAL TERMS: - Application Fee: $60 per financially responsible adult - Lease Term: 12 months - Last month's rent is due at the time of lease signing - The first month's rent is due at least three days before move-in - Pets: Cats and dogs are allowed with monthly pet rent. Breed restrictions apply. For breed restrictions please visit: https greenbridge-properties com applicants and click on Pet Policy - Electric: The tenant is responsible for setting up the electric account. - Water/Sewer: Billed back based on occupancy and square footage. - Garbage: Billed back based on occupancy and square footage. -A/C: Yes (Mini Splits) - Parking: Street Only. - Renter's Liability Insurance for $100,000 required - No smoking or vaping allowed on premises - Move-in availability: Lease is required to begin within 15 days of submitting the application - Accessible Unit: NO - City of Portland Rental Criteria for Residency Applies: Yes - Property posted for rent on: 04/23/2026 OPEN APPLICATION PERIOD: This rental home is located in the City of Portland and will only accept applications on the date and time indicated by the screening company. Applications received before the open application period will receive an 8-hour penalty. To meet lease criteria, All Greenbridge Properties residents are invited to enroll in the Resident Benefits Package (RBP) that includes Credit Building, Rewards, & liability insurance for $25.95/month. To get the most out of the RBP residents can opt into our premium RBP package for $39.95/month which includes liability insurance, credit building to help boost the resident’s credit score with timely rent payments, up to $1M Identity Theft Protection, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program and much more! More details upon application. Professionally managed by Gre..

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Rent trends in Reed

Median rents as of Jul 25 2026.
Reed
Portland
A table of 1-bedroom apartment rental data trends in Portland
MonthMedian Rent
August 2024$1,495
September 2024$1,496
October 2024$1,495
November 2024$1,459
December 2024$1,472
January 2025$1,443
February 2025$1,425
March 2025$1,415
April 2025$1,400
May 2025$1,401
June 2025$1,422
July 2025$1,404
August 2025$1,420
September 2025$1,406
October 2025$1,399
November 2025$1,399
December 2025$1,395
January 2026$1,392
February 2026$1,395
March 2026$1,397
April 2026$1,398
May 2026$1,395
June 2026$1,395
July 2026$1,398
A table of 1-bedroom apartment rental data trends in Reed
MonthMedian Rent
April 2025$1,225
May 2025$1,442
March 2026$1,704
April 2026$1,650
May 2026$1,545
June 2026$1,505
July 2026$1,509

Schools near L0533 - B - Reed Place Condos

Grout Elementary School

3119 se holgate blvd

portland, OR, 97202

K-5Public
B

Winterhaven School

3830 se 14th ave

portland, OR, 97202

K-8Public
A-

Rose City Park

2334 ne 57th ave

portland, OR, 97212

K-5Public
B+

Wheatley School

14030 ne sacramento st

portland, OR, 97230

K-12Public

Palisades World Language School

1500 greentree rd

lake oswego, OR, 97034

K-5Public
A+
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Internet available near L0533 - B - Reed Place Condos

Getting around Portland near 5040 Se 38th Ave

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

5/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 5040 Se 38th Ave, Portland

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

5/10
Variety of shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

6/10
Variety of restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

1/10
No high schools within a 30-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

5/10
Some bars within walking distance

Explore the area around 5040 Se 38th Ave

Trader Joe's
4715 SE Cesar E Chavez Blvd
Safeway
4515 SE Woodstock Blvd
New Seasons Market
4500 SE Woodstock Blvd
Safeway
3930 SE Powell Blvd
Becker Jack Seafood Processing & Distributing Co
3380 SE Powell Blvd

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