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]
Single-familyProperty Type
1941Year Built
0.48 acresLot Size
$152Price/Sq.Ft.
2 car garageParking
Listed by Anne Stewart• eXp Realty, LLC
Contact: 503-804-1466
Bought with Peter Lysenko• Networth Realty Of Portland
Est. $2,268 per month, based on comparable rentals
Sale and tax history for 16701 SE Stephens St
Sale History
Tax History
Date
Event
Price
Public Records
Sep 25, 2026
Sold
$266,000
$174/sq ft
RMLS #619154996
Sep 25, 2026
Sold
$233,450
$152/sq ft
Sep 10, 2026
Pending
—
Sep 2, 2026
Price Changed
$295,000
$193/sq ft
Aug 10, 2026
Price Changed
$399,000
$261/sq ft
Jul 17, 2026
Listed
$439,000
$287/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,929 (+4.3%)
2024
$5,684 (+4.5%)
2023
$5,442 (+2.5%)
2022
$5,309 (−0.9%)
2021
$5,355 (+12.1%)
2020
$4,775 (+3.9%)
2019
$4,595 (+3.5%)
2018
$4,441 (+3.8%)
2017
$4,279 (+3.7%)
2016
$4,126 (+9.1%)
2015
$3,782 (+9.7%)
2014
$3,449 (+17.5%)
2013
$2,935 (+4.8%)
2012
$2,801 (−9.5%)
2011
$3,095 (−13.3%)
2010
$3,569 (−2.3%)
2009
$3,653
Public record
Public record
Zoning
Permits
Beds
4
Baths
2
Stories
1
Lot width
68 ft.
Lot depth
307 ft.
Lot size
20,908
Year renovated
1941
Sq. Ft.
1,531
Year built
1941
Style
Single Family Residential
County
Multnomah County
APN
R338044
Parking Spaces
2
Basement
No
Accessible
No
HOA Dues
—
Garage
Yes
Features
Views, Green
Last updated by owner on Oct 13, 2026.
R7
Residential 7,000 zone
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.