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  • $2,100,000

    2720 SE Steele St, Portland, OR 97202

    12beds
    6,560sqft
    Multi Family
    Built in 2020
    -- sqft lot
    $2,100,000 Zestimate®
    $320/sqft
    $2,120 Estimated rent

    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.

    Zillow last checked: 7 hours ago

    Listing updated: May 23, 2025 at 12:57am

    Listed by:

    Michael Smira neportland@johnlscott.com,

    John L. Scott Portland Central,

    Danny Sommers 626-824-7368,

    John L. Scott Portland Central

    Bought with:

    Patrick Smith, 200402374

    Century 21 North Homes Realty

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

    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 sqft
    • 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 & neighborhood

    Security
    • Security features: Entry, Fire Sprinkler System, Security Gate
    Location
    • Region: Portland
    • Subdivision: Reed/Woodstock

    HOA & financial

    Other financial information
    • Total actual rent: 13134

    Other

    Other facts
    • Listing terms: Call Listing Agent,Conventional,Other
    • Road surface type: Concrete, Paved
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $2,100,000

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $2,100,000