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  • Price cut: $200K (3/3)
    $2,349,950

    2720 SE Steele St, Portland, OR 97202

    12beds
    6,560sqft
    : 
    Multi Family
    Built in 2020
    -- sqft lot
    $2,245,100 Zestimate®
    $358/sqft
    $-- HOA

    What's special

    Prime Investment Opportunity – Modern 7-Unit Walk-Up in the Reed NeighborhoodIntroducing a rare chance to own a newly constructed (2020) 7-unit apartment building in the highly desirable Reed neighborhood, just steps from Reed College. This turnkey asset combines contemporary design, a prime location, and strong financial performance, making it an ideal addition to any investor’s portfolio. Built in 2020, the property features energy-efficient systems, premium finishes, and low-maintenance construction, ensuring long-term durability and designed to offer spacious layouts . Situated within walking distance of Reed College and public transportation, the property benefits from consistent tenant demand and competitive rental income. With high occupancy rates this asset provides immediate cash flow and stable returns.Don’t miss this opportunity to secure a high-performing, low-maintenance property in one of the city’s most coveted neighborhoods.
    110 days
    on Zillow
    |
    173
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 14, 2025 at 10:58am

    Listed by:

    Michael Smira neportland@johnlscott.com,

    John L. Scott Portland Central,

    Danny Sommers 626-824-7368,

    John L. Scott Portland Central

    Source: RMLS (OR),MLS#: 776111041MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 2720 SE Steele St.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 7
    • Full bathrooms: 7
    Heating
    • Baseboard
    Cooling
    • Wall Unit(s)
    Appliances
    • Included: Refrigerator, Washer/Dryer, Tank Water Heater
    Features
    • Windows: Window Coverings
    • Basement: None
    Interior area
    • Total structure area: 6,560
    • Total interior livable area: 6,560 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Off Street, Secured
    Accessibility
    • Accessibility features: Handicap Access
    Features
    • Stories: 3
    Lot
    • Size: 3,920.4 Square Feet
    • Dimensions: 3726
    • Features: Corner Lot, Level, SqFt 3000 to 4999
    Details
    • Parcel number: R328313
    • Zoning: CE

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Other, Panel
    • Foundation: Slab
    • Roof: Flat
    Condition
    • Existing
    • Year built: 2020

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected

    Community & HOA

    Community
    • Security: Entry, Fire Sprinkler System, Security Gate
    • Subdivision: Reed/Woodstock
    HOA
    • Has HOA: No
    Location
    • Region: Portland

    Financial & listing details

    • Price per square foot: $358/sqft
    • Annual tax amount: $15,391
    • Date on market: 1/27/2025
    • Listing terms: Call Listing Agent,Conventional,Other
    • Total actual rent: 13134
    • Road surface type: Concrete, Paved
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