Associated with yesterday’s photo is this one, also labeled “SE” Water that’s actually SW Water Street. Just south of the area shown yesterday were several lumber and shingle mills. The photographer may have just turned 90 degrees to the right and made another image.
Although this photo is labeled as “SE” Water Avenue, a close examination of the stamped concrete on the corner shows this to be the intersection of Water and Columbia Street, which is on the west side. The vantage point today is roughly the center of the bowl in Waterfront Park at the foot of Columbia Street.