3407 SE Steele St Portland, OR 97202
Reed NeighborhoodEstimated payment $5,227/month
Highlights
- Corner Lot
- No HOA
- 1 Car Garage
- Grout Elementary School Rated 9+
- Forced Air Heating and Cooling System
- Washer and Dryer
About This Home
A mid-century modern dream awaits in the heart of the Reed College area. This 1957 beauty has classic MCM features throughout, large pictures windows letting tons of natural light in, original hardwood floors and classic built-ins. This inviting residence features 4 bedrooms and 3 full bathrooms, and can be used as a duplex. The upper level boasts 3 large bedrooms and 2 full bathrooms with robust living space and private laundry. The lower level features 1 bedroom w/ a walk in closet, 1 full bath w/ a large living room, kitchenette, private laundry and separate entrance. Great storage areas in the home as well as a detached garage. Fully fenced yard. Many updates to the home have been including new roof and new HVAC system that is AC ready! The large corner lot gives ample parking on and off street. Located across from Reed College and just blocks from restaurants, parks, and the vibrant Woodstock and Division corridors, this home combines comfort, convenience, and timeless appeal. Don’t miss the opportunity to make this Portland gem your own.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,064
Year Built
- Built in 1957
Lot Details
- Corner Lot
- Level Lot
Parking
- 1 Car Garage
- Driveway
Home Design
- Shingle Roof
- Composition Roof
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,576 Sq Ft Home
- 1-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
- Washer and Dryer
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Schools
- Grout Elementary School
- Hosford Middle School
- Cleveland High School
Utilities
- No Cooling
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Electric Water Heater
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number R581360
Community Details
Overview
- No Home Owners Association
- 2 Units
- Reed Subdivision
Building Details
- Operating Expense $6,500
- Gross Income $62,940
- Net Operating Income $56,940
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,064 | $301,410 | -- | -- |
| 2023 | $8,064 | $292,640 | $0 | $0 |
| 2022 | $7,587 | $284,120 | $0 | $0 |
| 2021 | $7,458 | $275,850 | $0 | $0 |
| 2020 | $6,842 | $267,820 | $0 | $0 |
| 2019 | $6,590 | $260,020 | $0 | $0 |
| 2018 | $6,397 | $252,450 | $0 | $0 |
| 2017 | $6,131 | $245,100 | $0 | $0 |
| 2016 | $5,611 | $237,970 | $0 | $0 |
| 2015 | $5,464 | $231,040 | $0 | $0 |
| 2014 | $5,381 | $224,320 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Price Changed | $855,000 | -1.2% | $332 / Sq Ft |
| 08/01/2025 08/01/25 | For Sale | $865,000 | -- | $336 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $694,814 | Ticor Title | |
| Warranty Deed | $360,000 | Ticor Title Insurance Compan | |
| Bargain Sale Deed | $175,000 | Ticor Title Insurance Compan | |
| Personal Reps Deed | $201,000 | Pacific Nw Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $521,110 | New Conventional | |
| Previous Owner | $198,000 | Credit Line Revolving | |
| Previous Owner | $211,250 | Fannie Mae Freddie Mac |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 274214350
APN: R581360
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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 Ten-X 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 web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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