Welcome to this stunning 1957 Mid-Century Modern home offering 2,567 square feet of timeless design and flexible living space in the heart of Southeast Portland in the Reed College neighborhood. Featuring 4 bedrooms and 3 full bathrooms, this architectural classic blends iconic mid-century character with modern functionality.Enjoy easy main-floor living with spacious gathering areas, comfortable bedrooms, and abundant natural light streaming through expansive windows. Clean lines, classic mid-century details, and a thoughtfully designed layout create an inviting atmosphere that feels both stylish and livable.The versatile floor plan offers exceptional flexibility, including a fully finished lower level with a separate entrance that functions beautifully as a private mother-in-law suite. This space has successfully operated as an Airbnb, generating an average of approximately $2,000 per month in rental income, providing a unique opportunity for supplemental income, multigenerational living, or extended guest accommodations.Ideally located near Reed College, Woodstock parks, shopping, dining, neighborhood amenities and public transportation, this home combines architectural character, everyday convenience, and income-producing potential.Whether you're searching for a distinctive Mid-Century Modern home, easy one-level living, a multigenerational setup, or a property with proven rental income, this exceptional South East Portland residence delivers it all. [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10241227]
Active
Price cut: $1K (9/1)
$699,000
3407 SE Steele St, Portland, OR 97202
4beds
2,576sqft
Residential, Single Family Residence
Built in 1957
6,534 Square Feet Lot
$700,700 Zestimate®
$271/sqft
$-- HOA
What's special
Modern functionalityEasy main-floor livingClean linesPrivate mother-in-law suiteThoughtfully designed layoutIconic mid-century characterClassic mid-century details
- 105 days
- 1,220
- 88
Zillow last checked:
Listing updated:
Listed by:
Aaron Heard 503-799-5213,
Keller Williams PDX Central,
Yamuna Benedict 503-799-5213,
Keller Williams PDX Central
Source: RMLS (OR),MLS#: 601213519
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
Rooms
- Room types: 2nd Kitchen, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Bathroom, Double Closet, Wallto Wall Carpet
- Level: Main
Bedroom 2
- Features: Closet, Wallto Wall Carpet
- Level: Main
Bedroom 3
- Features: Closet, Wallto Wall Carpet
- Level: Main
Dining room
- Features: Formal, Wood Floors
- Level: Main
Family room
- Features: Exterior Entry, Wallto Wall Carpet
- Level: Lower
Kitchen
- Features: Dishwasher, Free Standing Range, Free Standing Refrigerator, Vinyl Floor, Washer Dryer
- Level: Main
Living room
- Features: Builtin Features, Hardwood Floors
- Level: Main
Heating
- Forced Air 90
Cooling
- Air Conditioning Ready
Appliances
- Included: Dishwasher, Free-Standing Range, Free-Standing Refrigerator, Washer/Dryer, Electric Water Heater
- Laundry: Laundry Room
Features
- Double Closet, Family Room Kitchen Combo, Sink, Closet, Formal, Built-in Features, Bathroom
- Flooring: Hardwood, Vinyl, Wall to Wall Carpet, Wood
- Doors: Storm Door(s)
- Windows: Double Pane Windows, Vinyl Frames
- Basement: Finished,Full
Interior area
- Total structure area: 2,576
- Total interior livable area: 2,576 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Off Street, Detached
- Garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Doors, Accessible Entrance, Caregiver Quarters, Ground Level, Main Floor Bedroom Bath, Natural Lighting, Walkin Shower, Accessibility
Features
- Stories: 2
- Patio & porch: Porch
- Exterior features: Yard, Exterior Entry
- Fencing: Fenced
Lot
- Size: 6,534 Square Feet
- Features: Corner Lot, Level, SqFt 5000 to 6999
Details
- Additional structures: SecondResidence
- Parcel number: R581360
- Zoning: R5
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Daylight Ranch,Mid Century Modern
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition,Shingle
Condition
- Approximately
- New construction: No
- Year built: 1957
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Satellite Internet Service
Community & HOA
Community
- Security: None
- Subdivision: Reed
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $271/sqft
- Tax assessed value: $661,940
- Annual tax amount: $8,365
- Date on market: 6/16/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Concrete, Paved
Estimated market value
$700,700
$666,000 - $736,000
$3,770/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2026 | Price change | $699,000-0.1%$271/sqft |
Source:  RMLS (OR) #601213519 Report a problem | ||
| 8/30/2026 | Price change | $700,000-4%$272/sqft |
Source: RMLS (OR) #601213519 Report a problem | ||
| 8/20/2026 | Price change | $729,000-2.7%$283/sqft |
Source: RMLS (OR) #601213519 Report a problem | ||
| 7/24/2026 | Price change | $749,000-6.4%$291/sqft |
Source: RMLS (OR) #601213519 Report a problem | ||
| 7/7/2026 | Price change | $799,900-3%$311/sqft |
Source: RMLS (OR) #601213519 Report a problem | ||
| 6/16/2026 | Listed for sale | $825,000+18.7%$320/sqft |
Source: RMLS (OR) #601213519 Report a problem | ||
| 2/23/2024 | Sold | $694,814+297%$270/sqft |
Source: Public Record Report a problem | ||
| 7/1/2005 | Sold | $175,000$68/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,365 +3.7% | $310,450 +3% |
| 2024 | $8,064 +4% | $301,410 +3% |
| 2023 | $7,755 +2.2% | $292,640 +3% |
| 2022 | $7,587 +1.7% | $284,120 +3% |
| 2021 | $7,458 +9% | $275,850 +3% |
| 2020 | $6,842 +3.8% | $267,820 +3% |
| 2019 | $6,590 | $260,020 +3% |
| 2018 | $6,590 +3% | $252,450 +3% |
| 2017 | $6,397 +14% | $245,100 +3% |
| 2016 | $5,611 | $237,970 +3% |
| 2015 | $5,611 +2.7% | $231,040 +3% |
| 2014 | $5,464 +3.9% | $224,320 +3% |
| 2013 | $5,256 +10.5% | $217,790 +3% |
| 2012 | $4,755 +3.9% | $211,450 +3% |
| 2011 | $4,576 +5.4% | $205,300 +3% |
| 2010 | $4,342 +2.7% | $199,330 +3% |
| 2009 | $4,228 +6% | $193,530 +3% |
| 2008 | $3,990 +3.7% | $187,900 +6.5% |
| 2007 | $3,849 +34.8% | $176,490 +24.7% |
| 2006 | $2,856 +2.5% | $141,580 +0.8% |
| 2005 | $2,786 -8.2% | $140,410 +3% |
| 2004 | $3,034 +2.3% | $136,330 +3% |
| 2003 | $2,967 +9.6% | $132,360 +3% |
| 2002 | $2,707 +10.1% | $128,510 +6.1% |
| 2000 | $2,459 +4.2% | $121,140 +3% |
| 1999 | $2,360 | $117,620 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Reed
Nearby schools
Schools provided by the listing agent
- Elementary: Grout
- Middle: Hosford
- High: Cleveland
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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