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  • L0533 - B - Reed Place Condos

    5040 SE 38th Ave, Portland, OR 97202

    Located in Reed, Portland zip code 97202
    Apartment building
    Pet-friendly
    In-unit laundry (W/D)
    2–unit building
    850 sqft
    2 bedrooms
    2 bathrooms

    What's special

    Welcome 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 upstairscreating 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 todayluxury 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. **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.- 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 Greenbridge Properties, LLC. Equal Housing Opportunity 511 SW 10th Ave. #1008 Portland, OR 97205 Avoid a scam!

    Facts, features & policies

    Building Amenities

    Other
    • In Unit: ["washer", "dryer"]

    Unit Features

    Appliances
    • Dryer: ["washer", "dryer"]
    • Washer: ["washer", "dryer"]
    Cooling
    • Air Conditioning
    Other
    • Pets Allowed At Owner Discretion
    • Trader Joe's
    • Up To Two Pets

    Neighborhood: Reed

    Areas of interest

    Use our interactive map to explore the neighborhood and see how it matches your interests.

    Building Location

    Walk, Transit & Bike Scores

     / 100
    Somewhat Walkable
     / 100
    Some Transit
     / 100
    Very Bikeable

    Nearby schools in Portland

    GreatSchools rating

    Frequently asked questions

    L0533 - B - Reed Place Condos is located at 5040 SE 38th Ave in Reed, Portland, OR. The surrounding area includes approximately 20 restaurants and cafes within 1 mile, such as Cafe Rowan, Coffee Beer, and Cloud City Ice Cream.

    The nearest public transit stop is TriMet Bus Stop 7474, approximately 0.3 miles away.

    Based on the latest Zillow data, the average rent across all unit types in Portland is currently $1,584 per month. Prices vary by neighborhood, floor plan, and building amenities.

    L0533 - B - Reed Place Condos is located within 0.5 miles of Reed College - Canyon, 0.5 miles of Odd Fellows Holgate Center, and 0.6 miles of Cross Canyon Bridge.

    L0533 - B - Reed Place Condos is located near 3 grocery stores, including 0.2 miles from Trader Joe's, 0.6 miles from New Seasons Market, and 0.6 miles from Portland Fish Market. Additional shopping options, including Naomi's Organic Farm Supply, are approximately 0.7 miles away.

    Rent in Portland has increased by $46 month-over-month, according to the latest Zillow rental data.

    The schools assigned to L0533 - B - Reed Place Condos include Grout Elementary School, Woodstock Elementary School, and Creston Elementary School.

    There are currently no available units for L0533 - B - Reed Place Condos on Zillow. Find rental availability at nearby or similar apartment buildings below.
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