4 Beds

3 Baths

2,576 SqFt

Active

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]

Property Details
Price $699,000
Bedrooms 4
Full Baths 3
Total Baths 3
Property Style DaylightRanch,MidCenturyModern
Acres 0.15
Stories 2
Features HardwoodFloors,Laundry,VinylFloor,WalltoWallCarpet
Exterior Features Fenced,Porch,PublicRoad,SecondResidence,StormDoor,Yard
Year Built 1957
Subdivision REED
Roof Composition,Shingle
Heating ForcedAir90
Foundation ConcretePerimeter
Accessibility AccessibleDoors,AccessibleEntrance,CaregiverQuarters,GroundLevel,MainFloorBedroomBath,NaturalLighting,WalkinShower
Lot Description CornerLot,Level,PublicRoad
Parking Description Driveway,OffStreet
Parking Spaces 1
Garage spaces 1
Geographic Data
Directions Follow 99E-S/SE Grand Ave, right on Holgate, right on SE 28th, turn left onto SE Steele
County Multnomah
Latitude 45.484931
Longitude -122.628555
Market Area _143
Address Information
Address 3407 SE STEELE ST
Postal Code 97202
City Portland
State OR
Country United States
Listing Information
Listing Office Keller Williams PDX Central
Listing Agent Aaron Heard
Terms Cash,Conventional,FHA,VALoan
School Information
Elementary School Grout
Middle School Hosford
High School Cleveland
MLS® Information
Days on market 107
MLS® Status Active
Listing Date Jun 16, 2026
Listing Last Modified Oct 1, 2026
Tax ID R581360
Tax Year 2025
Tax Annual Amount 8365
MLS® Area _143
MLS® # 601213519

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This information is believed to be accurate, but without any warranty.