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$2,100,000

2720 SE STEELE ST
Portland, OR 97202

Multi Family|Sold 05/21/2025
12
Beds
7
Total Baths
6,560
SqFt
$320
/SqFt
2020
Built
Subdivision:
REED/WOODSTOCK
County:
Multnomah
Listing courtesy of Michael Smira of John L. Scott Portland Central 5039352560
Listing courtesy of Michael Smira of John L. Scott Portland Central 5039352560
Call Now: 503-334-1515
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503-334-1515
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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 Snapshot
Bedrooms 
12
Total Baths 
7
Full Baths 
N/A
Partial Baths 
N/A
Inside Area (SqFt) 
6,560 sqft
Lot Size 
0.09 Acres
Year Built 
2020
MLS® Number 
776111041
Status 
Sold
Property Tax 
$15,391.03
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 months agoListing updated with changes from the MLS®
General Features
Acres 
0.09
Foundation 
Slab
Number Of Stories 
3
Parking 
Off StreetSecured
Parking Spaces 
6
Property Sub Type 
Multi Family
Security 
Fire Sprinkler SystemSecurity Gate
Sewer 
Public Sewer
Special Circumstances 
Real Estate Owned
SqFt Total 
6560
Water Source 
Public
Zoning 
CE
Interior Features
Basement 
None
Cooling 
Wall Unit(s)
Heating 
Baseboard
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Exterior Features
Lot Features 
Corner LotLevel
Roof 
Flat
Community Features
Accessibility Features 
Accessible Entrance
Financing Terms Available 
Conventional
MLS Area 
_143
Roads 
ConcretePaved
Schools
School District
Unknown
Elementary School
Grout
Middle School
Hosford
High School
Cleveland
Listing courtesy of Michael Smira of John L. Scott Portland Central 5039352560



The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

Last checked 2025-12-07 01:02 AM PST.

All information provided is deemed reliable but is not guaranteed and should be independently verified
Neighborhood & Commute
Source: Walkscore
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