1 Day Ago
Highlights
Pet Friendly
Location
5012 Se 38th Ave, Portland, OR 97202, USA|Reed
Hi! Let’s figure out if this property is right for you.
Powered by Zumper AI
Nearby rentals
Renter hub
Property management
Apartments for rent PortlandApartments for rent VancouverApartments for rent GreshamApartments for rent SalemApartments for rent Northwest DistrictApartments for rent BeavertonApartments for rent AlohaApartments for rent Cooper Mountain - Aloha NorthApartments for rent RockwoodApartments for rent HazelwoodApartments for rent TigardApartments for rent HillsboroApartments for rent Oregon CityApartments for rent Corbet - Terwilliger - Lair HillApartments for rent Central BeavertonApartments Near Me
Houses for rent PortlandHouses for rent HomesteadHouses for rent Northwest DistrictHouses for rent Downtown PortlandHouses for rent PearlHouses for rent BeavertonHouses for rent GreshamHouses for rent Lake OswegoHouses for rent Mt. ParkHouses for rent Corbet - Terwilliger - Lair HillHouses for rent Hazel DellHouses for rent WilsonvilleHouses for rent Jennings LodgeHouses for rent Old Town - ChinatownHouses for rent Northeast Hazel Dell-StarcrestHouses for rent near me
Property Overview
The Reed Place Condos receive a solid Zumper Expert Rating, indicating a desirable investment opportunity. Key pros include convenient access to local amenities and well-maintained common areas. This property is great for those seeking low-maintenance living and offers notable features such as modern finishes and ample natural light.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Great for” are based on our internal analyses of market trends and renter insights.
Great for
Pet owners
Floor plans
| 2BR/1.5BA | 2 bed | 1.5 bath | 850 sqft | $1,950 /mo | 1 unit available | A spacious townhomes offering modern design and comfortable living in Portland’s desirable Reed neighborhood. These thoughtfully designed homes feature wood-style flooring on the main level, carpeted upstairs bedrooms, and abundant natural light throughout. The contemporary kitchen includes updated appliances, a dishwasher, and built-in microwave, flowing seamlessly into the open living and dining areas—ideal for everyday living and entertaining. Individual air conditioning in each room adds year-round comfort, while a private outdoor patio provides a perfect space to relax or unwind. Located near the Hawthorne District, Mt. Tabor Park, popular restaurants, local coffee shops, and convenient freeway access, these townhomes offer an ideal balance of urban convenience and neighborhood charm. Unit Highlights: ✨2BD / 1.5BA townhomes ✨Updated kitchen appliances ✨Updated kitchen appliances ✨Abundant natural light ✨Private outdoor patio Click the "request" or "schedule a tour" button to schedule a showing: Virtual or In-Person. 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 Ng53e?unit=5016_SE38th Ave. 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 - First month's rent is due at least three days before move-in - Pets: At management discretion - Up to two pets per unit. Pet rent will apply. To see a list of restricted breeds, please visit: https secureservercdn net 198 71 233 31 rbt c3c myftpupload com wp-content uploads 2020 08 Pet-Policy pdf - Electric: Resident Responsibility. Tenant is responsible for setting up the electric account. - Water/Sewer/Garbage: Billed back based on occupancy and square footage. - A/C: YES, mini-splits - Parking: Street - Renter's Liability Insurance for $100,000 required - No smoking allowed on premises - Move-in availability: Lease is required to begin within two weeks of approval - Accessible Unit: No - City of Portland Rental Criteria for Residency Applies: Yes - Property posted for rent on: 02/10/2026 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 Greenbridge Properties, LLC. Equal Housing Opportunity 511 SW 10th Ave. #1008 Portland, OR 97205 Avoid a scam! Prospective Greenbridge Tenants will be requested to apply through our secure online application only at https list.. |
Let's explore this property.
Amenities for L0533 - A - Reed Place Condos
Apartment Amenities
| Air Conditioning |
Appliances
| In-Unit Laundry | Washer and Dryer |
Building
| Cats OK | Dogs OK |
Grounds
| Fenced Back Patio |
Other
| Pets Allowed at Owner Discretion | Up To Two Pets |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 4 |
|---|
Advertisement
About L0533 - A - Reed Place Condos
A spacious townhomes offering modern design and comfortable living in Portland’s desirable Reed neighborhood. These thoughtfully designed homes feature wood-style flooring on the main level, carpeted upstairs bedrooms, and abundant natural light throughout. The contemporary kitchen includes updated appliances, a dishwasher, and built-in microwave, flowing seamlessly into the open living and dining areas—ideal for everyday living and entertaining. Individual air conditioning in each room adds year-round comfort, while a private outdoor patio provides a perfect space to relax or unwind. Located near the Hawthorne District, Mt. Tabor Park, popular restaurants, local coffee shops, and convenient freeway access, these townhomes offer an ideal balance of urban convenience and neighborhood charm. Unit Highlights: ✨2BD / 1.5BA townhomes ✨Updated kitchen appliances ✨Updated kitchen appliances ✨Abundant natural light ✨Private outdoor patio Click the "request" or "schedule a tour" button to schedule a showing: Virtual or In-Person. 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 Ng53e?unit=5016_SE38th Ave. 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 - First month's rent is due at least three days before move-in - Pets: At management discretion - Up to two pets per unit. Pet rent will apply. To see a list of restricted breeds, please visit: https secureservercdn net 198 71 233 31 rbt c3c myftpupload com wp-content uploads 2020 08 Pet-Policy pdf - Electric: Resident Responsibility. Tenant is responsible for setting up the electric account. - Water/Sewer/Garbage: Billed back based on occupancy and square footage. - A/C: YES, mini-splits - Parking: Street - Renter's Liability Insurance for $100,000 required - No smoking allowed on premises - Move-in availability: Lease is required to begin within two weeks of approval - Accessible Unit: No - City of Portland Rental Criteria for Residency Applies: Yes - Property posted for rent on: 02/10/2026 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 Greenbridge Properties, LLC. Equal Housing Opportunity 511 SW 10th Ave. #1008 Portland, OR 97205 Avoid a scam! Prospective Greenbridge Tenants will be requested to apply through our secure online application only at https list..
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.9
/10
Very GoodWith a solid 8.9 out of 10 overall, L0533 - A - Reed Place Condos is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, L0533 - A - Reed Place Condos has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
L0533 - A - Reed Place Condos stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
L0533 - A - Reed Place Condos goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, L0533 - A - Reed Place Condos receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
L0533 - A - Reed Place Condos is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
L0533 - A - Reed Place Condos has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
L0533 - A - Reed Place Condos is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How L0533 - A - Reed Place Condos compares to other nearby properties.
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Reed
2-bedroom apartments at L0533 - A - Reed Place Condos cost about the same as the average rent price for 2-bedroom apartments in Reed.
Median rents as of Feb 21 2026.
Reed
Portland
| Month | Median Rent |
|---|---|
| March 2024 | $1,432 |
| April 2024 | $1,448 |
| May 2024 | $1,466 |
| June 2024 | $1,477 |
| July 2024 | $1,488 |
| 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 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,350 |
| April 2024 | $1,350 |
| April 2025 | $1,225 |
| May 2025 | $1,442 |
Affordability calculator
Can I afford to live at 5012 Se 38th Ave?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$78,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $78,000 annually to afford this 2-bedrooms monthly rent price of $1,950.
For more information on rent affordability, visit our rent calculator.
Schools near L0533 - A - 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+
Advertisement
Internet available near L0533 - A - Reed Place Condos
Getting around Portland near 5012 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 5012 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 5012 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
Wabi Woolens
4024 SE 28th Pl
Wild Cactus Boutique
3638 SE Division St
Rifle Boutique
6433 SE Foster Rd
Adorn
3366 SE Division St
Lodekka Vintage LLC
2880 SE Division St
Harder Day Coffee Co
4229 SE Woodstock Blvd
Starbucks
4515 SE Woodstock Blvd
Ardent Coffee
5120 SE 28th Ave
Starbucks
3940 SE Powell Blvd
Marigold Coffee Cafe
2815 SE Holgate Blvd
Gladstone Street Pub
3737 SE Gladstone St
Lutz Tavern
4639 SE Woodstock Blvd
Lovecraft
2931 SE Holgate Blvd
Ship Ahoy Tavern
2889 SE Gladstone St
Hopworks Urban Brewery
2944 SE Powell Blvd
Grand Central Bakery
4412 SE Woodstock Blvd
Tortilleria Y Tienda De Leon's
4512 SE 28th Ave
Lauretta Jena's LLC
3928 SE 48th Ave
An Xuyen Bakery
5345 SE Foster Rd
Bread & Wine Communities
5535 SE Rhone St
Woodstock Community Center
Woodstock Park
Kenilworth Park
Community Music Center
Creston Park
Hapa PDX Ramen
3848 SE Gladstone St
Woodstock Wine & Deli
4030 SE Woodstock Blvd
Laughing Planet
4110 SE Woodstock Blvd
Tom Yum Thai Cuisine
4309 SE Woodstock Blvd
Wong's Garden
4309 SE Woodstock Blvd
SE Cesar Chavez Blvd / Raymond
Cesar Chavez / Lombard
SE Cesar Chavez Blvd / Raymond
Cesar Chavez / Lombard
SE Cesar Chavez Blvd / Steele
Cesar Chavez / Lombard
SE Steele / Cesar Chavez Blvd
Harold St
SE Steele / Cesar Chavez Blvd
Harold St
SE Bybee Blvd MAX Station
MAX Orange Line
SE Bybee Blvd MAX Station
MAX Orange Line
SE 17th Ave / Holgate Blvd MAX Station
MAX Orange Line
SE 17th Ave / Holgate Blvd MAX Station
MAX Orange Line
SE 17th Ave / Rhine St MAX Station
MAX Orange Line
Compare similar properties nearby
Renaissance at 29th
Our team has verified this companyFisher's Landing East • 16506 Se 29th St
1–3 Beds
$1,550–$2,025
- cats ok
- dishwasher
- swimming pool
- cats ok
- dishwasher
- swimming pool
Birchcreek
Our team has verified this companyCedar Hills - Cedar Mill North • 14245 Sw Walker Rd
1–2 Beds
$1,400–$1,550
- cats ok
- dishwasher
- swimming pool
The Woods on Marquam Hill
Our team has verified this companyHomestead • 1311 Sw Gibbs St
1–2 Beds
$1,550–$2,145
- cats ok
- dishwasher
- swimming pool
- cats ok
- dishwasher
- swimming pool
The Union
Our team has verified this companyLloyd District • 304 Ne Multnomah St
1–2 Beds
$1,435–$1,700
- cats ok
- dishwasher
- swimming pool
Sarah Court
Our team has verified this companyCedar Hills - Cedar Mill • 13409 Nw Sherry St
2 Beds
$1,795–$1,895
- cats ok
- dishwasher
- swimming pool
Kearney Court Apartments
Our team has verified this companyNorthwest District • 2250 Nw Kearney St
1–2 Beds
$1,700–$2,400
- cats ok
- dishwasher
- swimming pool
Renaissance at 29th
Our team has verified this companyFisher's Landing East • 16506 Se 29th St
1–3 Beds
$1,550–$2,025
- cats ok
- dishwasher
- swimming pool
- cats ok
- dishwasher
- swimming pool
Birchcreek
Our team has verified this companyCedar Hills - Cedar Mill North • 14245 Sw Walker Rd
1–2 Beds
$1,400–$1,550
- cats ok
- dishwasher
- swimming pool
The Woods on Marquam Hill
Our team has verified this companyHomestead • 1311 Sw Gibbs St
1–2 Beds
$1,550–$2,145
- cats ok
- dishwasher
- swimming pool
- cats ok
- dishwasher
- swimming pool
The Union
Our team has verified this companyLloyd District • 304 Ne Multnomah St
1–2 Beds
$1,435–$1,700
- cats ok
- dishwasher
- swimming pool
Sarah Court
Our team has verified this companyCedar Hills - Cedar Mill • 13409 Nw Sherry St
2 Beds
$1,795–$1,895
- cats ok
- dishwasher
- swimming pool
Kearney Court Apartments
Our team has verified this companyNorthwest District • 2250 Nw Kearney St
1–2 Beds
$1,700–$2,400
- cats ok
- dishwasher
- swimming pool