Excellent Investment Opportunity that won't last! A Fantastic location in Mt Scott-Arleta Neighborhood with a Walk Score of 86! Mt Scott Community Center, Food Carts, Bus line, Sports Bars and more! Recently renovated unit rents for $1,100 per month. Zoning allows for construction of an additional unit for even greater value! Upside in Rents!
Multi-familyProperty Type
2001Year Built
Listed by Tim Shannon• Tim Shannon Realty, Inc.
Bought with Richard Wold• Keller Williams Realty Professionals
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
4
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
4,750 Sq. Ft.
Year renovated
2001
Sq. Ft.
2,360
Year built
2001
Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R224737
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 5, 2026.
RM2
Residential Multi-Dwelling 2 zone
The RM2 zone is a medium-scale multi-dwelling zone that is generally applied in and around a variety of centers and corridors that are well-served by transit. Allowed housing is characterized by buildings of up to three or four stories with a higher percentage of building coverage than in the RM1 zone, while still providing opportunities for landscaping and outdoor spaces that integrate with residential neighborhood characteristics. The major types of new housing development will be a diverse range of multi-dwelling structures and other compact housing that contribute to the intended urban scale of centers and corridors, while providing transitions in scale and characteristics to lower-scale residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Jun 11, 2018 • Final
Commercial building
New construction
Sep 5, 2002 • Final
Bes - sewer connection plumbing
Plumbing
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.
Property details
Parking
Parking Information
Parking Features: Paved
Interior
Appliances
Hot Water Description: Electricity
Interior Features
Basement: Crawl Space
Multi Unit Information
# Of Units Total: 4
Unit Information
Unit Type: 1, 2
Unit Type 1 Information
Actual Rent: $1,100
Area: 575
Baths Total: 1
Beds Total: 1
Features: Deck
Units Total: 1
Unit Type 2 Information
Actual Rent: $900
Area: 575
BathsTotal: 1
Beds Total: 1
Features: Deck
Units Total: 3
Exterior
Exterior Features
Roof: Composition
Exterior Description: T-111 Siding
Lot Information
Lot Size Range: 3,000 to 4,999 SqFt
Lot Size: 3,000 to 4,999 SqFt
Lot Features: Corner Lot, Level
Parcel Number: R224737
Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Approximately
View YN: No
Building Information
Year Built: 2001
Financial
Tax Information
Tax Year: 2017
Tax Legal Description: NASHS 1ST ADD, BLOCK 6, LOT 1&2, N 1/2 OF LOT 3
Tax Annual Amount: $4,245.74
Rent Information
Rent Includes: Sewer, Trash Collection, Water
Lease / Rent Information
CAP Rate: 5.57
Gross Rent Multiplier: 12.72
Utilities
Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: Yes
Heating: Zoned
Cooling YN: No
Location
School Information
Elementary School: Arleta
Middle Or Junior School: Arleta
High School: Franklin
Location Information
Directions: South of Foster on 72nd to corner of Steele and 72nd Ave
Unparsed Address: 7142 SE STEELE ST, Portland, OR 97206
Community Information
Zoning: R1
Public facts
Beds: 4
Baths: 4.0
Sq. Ft.: 2,360
Stories: 2.0
Lot Size: 4,750 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 2001
Year Renovated: 2001
County: Multnomah County
APN: R224737
Home facts updated by county records on Oct 5, 2026
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
Around this home
Schools
Arleta Elementary School
Public K-5 • Assigned • 0.4mi
9/10
Kellogg Middle School
Public 6-8 • Assigned • 1.0mi
5/10
Franklin High School
Public 9-12 • Assigned • 1.5mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
19 unhealthy days expected this year, 21 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97206
Average low and high temperatures (°F)
48
36
50
37
58
43
65
44
71
49
78
54
84
58
85
61
78
56
63
47
53
43
50
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.8 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$644,000 – $779,000
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