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2720 SE Steele St

Portland, OR 97202
  • $2,349,950
  • STATUS: Active
  • ON SITE: 86 Days
  • MLS #: 776111041
Foreclosure
$2,349,950
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,560
    SQFT
  • $358
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2020
County:

School Information

Elementary School:
Middle School:
High School:

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.

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Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 brokerage firms other than Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-23T19:58:06.757.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information 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. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
www.coho.realty/homes/159777572
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2720 SE Steele St Portland, OR 97202

  • Price: $2,349,950
  • Status: Active
  • On Site: 86 Days
  • MLS #: 776111041
0
Beds
0
Baths
0
½ Baths
0.09
Acres
6,560
SQFT
$358
$/SQFT
2020
Built
Neighborhood:
Reed/Woodstock
County:
Multnomah
Area:
143-Portland Southeast
Elementary School:
Grout
Middle School:
Hosford
High School:
Cleveland
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.
Exterior Features

Attached Garage YN No Exterior Description Other Panel Foundation Details Slab Lot Features Corner Lot Level Lot Size Dimensions 3726 Parking Features Off Street Secured Parking Total 6 Road Surface Type Concrete Paved Roof Flat View YN No

Interior Features

Basement None Cooling Wall Unit Cooling YN Yes Heating Baseboard Wall Heater Heating YN Yes

Property Features

Association YN No Bank Owned YN Yes Fuel Description Electricity Green Certification YN No Gross Income 154886 Hot Water Description Tank IDXAddress Display YN Yes Internet Service Type Cable Fiber Optics Listing Terms Call Listing Agent Conventional Other Net Operating Income 128626 Operating Expense 26259 Property Attached YN No Property Condition Existing Rent Includes Trash Collection Security Features Entry Fire Sprinkler System Handicap Access Security Gate Sewer Public Sewer Short Sale YN No Storage Locked Tax Annual Amount 15391.03 Tax Year 2024 Water Source Public Water Zoning CE

Listing provided courtesy of John L. Scott Portland Central: neportland@johnlscott.com.


Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 brokerage firms other than Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-23T19:58:06.757.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information 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. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
 
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500 Liberty St SE, Suite 410
Salem OR, 97301