Video tour
#24150484, Darryl Bodle, Kelly Christian, Listing Office: Keller Williams Realty Portland Premiere
$2,349,950 List price
2720 SE Steele St Portland, OR 97202
$10,000
Closing credit¹
6,560 sqft
0.09 acres
$358 / sqft
House
Property details
About 2720 SE Steele St
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.
Highlights
Home typeOther
HeatingBaseboard
StatusActive
CoolingWall Unit(s)
Size6,560 sqft
Lot size0.09 Acres
Year built2020
ParkingStreet Parking, Secured
MLS #776111041
Summary
- MLS Number: 776111041
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: John L. Scott Portland Central
- Office Email: neportland@johnlscott.com
- Listing Agent: Michael Smira
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 2:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,349,950
2720 SE Steele St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 25, 2015 | Home Sold | $65,000 |
| Aug 19, 2013 | Home Sold | $60,000 |
| Aug 24, 2007 | Home Sold | $150,000 |
| Jul 12, 2004 | Home Sold | $69,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $558,500 | $14,799 |
| 2022 | $542,240 | $14,479 |
| 2021 | $526,450 | $14,479 |
| 2020 | $246,355 | $14,233 |
| 2018 | $23,300 | $590 |
| 2017 | $22,630 | $566 |
History based on county public records data.
Nearby schools
8
Grout Elementary School
Public District EE-5
0.5 mi
•3119 SE Holgate Blvd
10
Llewellyn Elementary School
Public District KG-5
0.9 mi
•6301 SE 14th Ave
10
Duniway Elementary School
Public District KG-5
1.2 mi
•7700 SE Reed College Pl
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $53,448. Residents of Portland, OR typically earn between $35k-100k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
30%
<35k
38%
35k-100k
31%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
55%
Single, No Kids
4%
Single, with Kids
29%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
3%
<11 yrs old
2%
12-17 yrs old
69%
18-34 yrs old
19%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Live Theatre
Hiking/backpacking
Tennis
Where do the neighbors shop?
Bloomingdales
Crate & Barrel
Nordstrom Rack
Where do the neighbors go to eat?
Boston Market
Starbucks
The Cheesecake Factory
What do the neighbors drive?
Mercedes
Audi
BMW
What do the neighbors listen to?
News
Alternative
Jazz
All data provided by Home Junction and Claritas
Similar homes for sale
$10,000 Closing Credit¹
#24305908, Glenna Cooke, Listing Office: GA Cooke Real Estate Services
$10,000 Closing Credit¹
#24260689, Peggy Reaume, Listing Office: Windermere Realty Trust
$10,000 Closing Credit¹
#397827571, Robin Springer, Melissa Ewbank, Listing Office: Windermere Realty Trust
3D tour
$10,000 Closing Credit¹
#24392805, Lisa Reid, Listing Office: NextHome Bridge City
1 day on Rocket
$10,000 Closing Credit¹
#24692712, Karen Kelly, Mark Hufnail, Listing Office: Dwell Realty
$7,066 Closing Credit¹
#371267672, Vicky Turel, Listing Office: RE/MAX Equity Group
$6,294 Closing Credit¹
#24120223, Reed Bright, Listing Office: Matin Real Estate
2 days on Rocket3D tour
$10,000 Closing Credit¹
#209523444, Kimberly Parmon, Listing Office: Living Room Realty
$7,124 Closing Credit¹
#24486835, Li Lanz, Listing Office: Li Lanz Properties, LLC
Frequently asked questions
About 2720 SE Steele St
This home is located at 2720 SE Steele St in Portland, OR and zip code 97202 in the Southeast Portland neighborhood. This 6,560 square foot home, which was built in 2020, sits on a 0.09 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since January 27, 2025 and is currently priced at $2,349,950.
In February 2025 more than 211 listings in Portland, OR were sold above the asking price. During the same period more than 155 listings were sold at asking price, while more than 232 were sold below. Between January and February 2025, Portland, OR real estate market has seen increase in the number of listings by 5.5%. While the average time on the market in February 2025 was 66 days, the median list price was $546,710.
From Rocket Homes Real Estate and based on county public records data.