Opportunity knocks with this .48-acre level lot zoned R-7 (buyer to verify development potential and permitted uses). The existing home is a heavy fixer and is being sold as-is, making this an ideal opportunity for investors, builders, or buyers looking for a project. Whether you're exploring the property's development potential or planning a complete renovation, the value here is primarily in the land. City of Portland says cottage clusters & R-7 zoning. Buyer to verify.The property also features a long driveway, carport, and detached garage/shop at the rear of the house. Bring your vision and do your due diligence to see what's possible. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10250512]
Centennial, located between I-205 and SE 162nd Ave, is a residential and commercial Portland neighborhood with wide arterial streets and pocket parks. The neighborhood’s energy concentrates around SE Division St and SE 162nd Ave, where taquerias, international groceries, and small storefront services line the sidewalks. Parkrose Hardware stands out as a long-running local anchor for tools, garden supplies, and practical know-how. The Zenger Farm campus adds a working-farm landscape and seasonal community programming. Housing skews toward mid-century ranches and newer infill, with larger lots appearing on quieter side streets. Ed Benedict Park and the Springwater Corridor shape daily routines with fields, trails, and open sky.
Provided by Walk Score and Local Logic
Offer insights
16701 SE Stephens St · $295,000
$295K and above
75% chance or better to win
Why $295K+ is a strong offer
DAYS ON MARKET
55 days
The average home goes pending in 19 days.
SALE-TO-LIST
100.5%
Most homes are selling 1% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Gas fireplace (one)
Aluminum window frames
Crawl space foundation access
Bedrooms
Primary bedroom on main level
Second bedroom on main level
Third bedroom on main level
Fourth bedroom on main level
Bathrooms
One full bathroom on the main level
Kitchen
Kitchen on main level
Gas hot water
Laundry & utility
Electricity and gas available
Heating & cooling
Baseboard heating
Forced air heating
No central cooling
Exterior features
Covered patio
Fenced yard
Yard space
Level lot
Paved road access
Trees/woods view
Home design
Single-family residence
Residential property
Unattached dwelling
Fixer condition
Main living area on one level
1941 construction
Parking
Driveway
RV parking available
Detached carport (2 spaces)
Construction
Composition roof
Aluminum exterior
Concrete perimeter foundation
Built in 1941
Utilities
Public water
Public sewer
Electric and gas service
Green certification
Other
Lot approximately 0.48 acre (20,000+ sq ft)
Main level area ~1531 (tax record)
Trees/woods view
Electricity and solar
View estimated energy costs and solar savings for this home
The single-dwelling zones are intended to preserve land for housing and to provide housing opportunities for individual households. The zones implement the comprehensive plan policies and designations for single-dwelling housing and provide options for infill housing that is compatible with the scale of the single-dwelling neighborhood.
Permitted uses
Include but are not limited to:
Housing
Oct 31, 2001 • Final
Residential bldg/trade
Addition
ADU
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
23 unhealthy days expected this year, 27 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97233
Average low and high temperatures (°F)
46
36
49
37
57
42
64
44
70
49
76
54
82
57
83
60
76
55
63
47
52
43
49
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
86/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.6 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 16701 SE Stephens St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $410,000 and $439,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $410K to $439K.