Flexible 5-BR Historic Bungalow Near Reed College – Modernized & Move-In Ready.At the seamless convergence of historic Eastmoreland, Woodstock, and quiet Lexington Heights, this beautiful 2,516-sq-ft bungalow blends timeless character with high-value upgrades. Two mature dogwood trees frame the front porch, creating unforgettable curb appeal in this highly desirable Reed College pocket.Inside, find a bright living and dining room with original hardwood floors. The updated kitchen features sleek solid-surface countertops, stainless steel appliances, and a brand-new refrigerator. The layout offers maximum flexibility with a primary bedroom choice on either the main floor or the upper level, which hosts two oversized bedrooms with flexible uses. The finished lower level offers two additional legal bedrooms and a large family room perfect for a home movie theater or game room. Outside, enjoy a secure, fully fenced backyard and a functional detached garage.The infrastructure is entirely modernized. Experience year-round comfort with a brand-new furnace and central A/C—added for the first time ever! Enjoy top-tier air quality with a newer, professionally installed radon mitigation system. The wood-burning fireplace features a beautifully rebuilt chimney. Major improvements also include a brand-new sewer line.Embrace the coveted Eastmoreland and Woodstock lifestyle. You are just a quick 2-minute drive to Reed College and Reed College Canyon. Enjoy incredible convenience, located 2 blocks from Woodstock Park and 6 blocks to vibrant Woodstock food carts and restaurants. Commuters will love the close proximity to Powell Butte, fast access to I-205, and a 20-minute drive to Portland International Airport. Welcome home!
Active
Price cut: $20K (6/20)
$745,000
5241 SE 45th Ave, Portland, OR 97206
5beds
2,516sqft
Residential, Single Family Residence
Built in 1927
5,227 Square Feet Lot
$-- Zestimate®
$296/sqft
$-- HOA
What's special
Sleek solid-surface countertopsSecure fully fenced backyardUpdated kitchenBrand-new refrigeratorOriginal hardwood floorsStainless steel appliancesFunctional detached garage
- 41 days |
- 1,550 |
- 57 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Kimberly Brenner 503-799-1019,
Berkshire Hathaway HomeServices NW Real Estate
Source: RMLS (OR),MLS#: 296889401
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Rooms
- Room types: Bedroom 4, Bedroom 5, Laundry, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Closet, Wallto Wall Carpet
- Level: Main
Bedroom 2
- Features: Closet, Wallto Wall Carpet
- Level: Upper
Bedroom 3
- Features: Closet, Wallto Wall Carpet
- Level: Upper
Bedroom 4
- Features: Builtin Features, Wallto Wall Carpet
- Level: Lower
Bedroom 5
- Features: Builtin Features, Wallto Wall Carpet
- Level: Lower
Dining room
- Features: Builtin Features, Hardwood Floors
- Level: Main
Family room
- Features: Builtin Features, Wallto Wall Carpet
- Level: Lower
Kitchen
- Features: Dishwasher, Disposal, Microwave, Free Standing Range, Free Standing Refrigerator
- Level: Main
Living room
- Features: Fireplace, Hardwood Floors
- Level: Main
Heating
- ENERGY STAR Qualified Equipment, Forced Air 95 Plus, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Free-Standing Range, Free-Standing Refrigerator, Microwave, Stainless Steel Appliance(s), Washer/Dryer, Gas Water Heater
- Laundry: Laundry Room
Features
- Central Vacuum, High Ceilings, High Speed Internet, Quartz, Soaking Tub, Built-in Features, Sink, Closet
- Flooring: Hardwood, Wall to Wall Carpet, Wood
- Windows: Double Pane Windows, Vinyl Frames
- Basement: Finished
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,516
- Total interior livable area: 2,516 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Driveway, On Street, Garage Door Opener, Detached
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Exterior features: Yard
- Fencing: Fenced
Lot
- Size: 5,227 Square Feet
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: R206652
- Zoning: R5
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Four Square
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1927
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $296/sqft
- Tax assessed value: $633,670
- Annual tax amount: $6,813
- Date on market: 6/2/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/20/2026 | Price change | $745,000-2.6%$296/sqft |
Source:  RMLS (OR) #296889401 Report a problem | ||
| 6/2/2026 | Listed for sale | $765,000+19%$304/sqft |
Source: RMLS (OR) #296889401 Report a problem | ||
| 7/5/2024 | Sold | $643,000-4.7%$256/sqft |
Source: RMLS (OR) #24629413 Report a problem | ||
| 6/10/2024 | Pending sale | $675,000$268/sqft |
Source: RMLS (OR) #24629413 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,814 +3.7% | $252,870 +3% |
| 2024 | $6,569 +4% | $245,510 +3% |
| 2023 | $6,316 +2.2% | $238,360 +3% |
| 2022 | $6,179 +1.7% | $231,420 +3% |
| 2021 | $6,075 +9% | $224,680 +3% |
| 2020 | $5,573 +3.8% | $218,140 +3% |
| 2019 | $5,368 | $211,790 +3% |
| 2018 | $5,368 +3% | $205,630 +3% |
| 2017 | $5,210 +14% | $199,650 +3% |
| 2016 | $4,570 | $193,840 +3% |
| 2015 | $4,570 +2.7% | $188,200 +3% |
| 2014 | $4,450 +3.9% | $182,720 +3% |
| 2013 | $4,281 +10.5% | $177,400 +3% |
| 2012 | $3,873 +3.9% | $172,240 +3% |
| 2011 | $3,727 +5.4% | $167,230 +3% |
| 2010 | $3,536 +2.7% | $162,360 +3% |
| 2009 | $3,444 +6% | $157,640 +3% |
| 2008 | $3,250 +0.3% | $153,050 +3% |
| 2007 | $3,240 +11.4% | $148,600 +3% |
| 2006 | $2,910 +4.7% | $144,280 +3% |
| 2005 | $2,779 -8.2% | $140,080 +3% |
| 2004 | $3,027 +12.3% | $136,000 +13.1% |
| 2003 | $2,696 +8.9% | $120,240 +3% |
| 2002 | $2,476 +7.4% | $116,740 +6.1% |
| 2000 | $2,305 +7.5% | $110,040 +3% |
| 1999 | $2,144 | $106,840 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Woodstock
Nearby schools
GreatSchools rating
- 8/10Woodstock Elementary SchoolGrades: K-5Distance: 0.3 mi
- 6/10Lane Middle SchoolGrades: 6-8Distance: 1.2 mi
- 7/10Cleveland High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Woodstock
- Middle: Hosford
- High: Cleveland
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Oregon
- Multnomah County
- Portland
- 97206
- Woodstock
- 5241 SE 45th Ave
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