2720 Se Steele St, Portland, Or 97202

OR, Portland
$2,349,950
  • 0.09 Acre
  • MultiFamily Property Type
  • 2020 Year Built
  • Closed Status
Steven Meyer
Steven Meyer Realtyna
  • (302) 525 8222
  • Steven.m@realtyna.net
  • 200 Continental Drive, Suite 401, Newark, DE 19713 USA
Property Description

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.

Basic Details
  • Property Type: MultiFamily
  • Listing Type: For Sale
  • Listing ID: 776111041
  • Price: $2,349,950
  • Year Built: 2020
  • Lot Area: 0.09 Acre
  • Roof: Flat
  • Office Name: John L. Scott Portland Central
  • Agent Name: Michael Smira
  • Contact By: neportland@johnlscott.com
  • Office Phone: 503-230-8600
  • Listing Status: Closed
Features
  • Heating System Baseboard,Wall Heater
  • Cooling System Wall Unit
  • Basement None
  • Parking Off Street,Secured
  • Sewer Public Sewer
Address Map
  • Country US
  • State OR
  • County Multnomah
  • City Portland
  • Zipcode 97202
  • Street: STEELE
  • Street Number: 2720
  • Street Suffix: ST
  • Longitude: W123° 21' 42.5''
  • Latitude: N45° 29' 4.4''
  • Zoning: CE
  • Mls Area Major: _143
  • Street Dir Prefix: SE
Neighborhood
  • Elementary School: Grout
  • High School: Cleveland
  • Middle School: Hosford
Additional Information
  • Water Source: Public Water
  • Building Size: 6560
  • Foundation Details: Slab
  • Lot Features: Corner Lot,Level
  • Lot Size Dimensions: 3726
  • Number Of Units Total: 7
  • On Market Date: 2025-01-27
  • Previous Price: 2549950
  • Rent Includes: Trash Collection
  • Stories: 3
Listing Information
  • Co List Agent Full Name: Danny Sommers
  • Co List Office Name: John L. Scott Portland Central
  • Listing Term: Call Listing Agent, Conventional, Other
  • Mls Status: Sold
  • Modification Timestamp: 2025-05-23T14:57:17Z
  • Originating System Name: RMLS
  • Status Change Timestamp: 2025-05-23T07:57:17Z
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Last updated on 02/18/2026 7:04