Listing Courtesy of: 971-235-9561 - Benjamin Ficker - Keller Williams Sunset Corridor
503-270-5700
$1,350,000
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1408 SE 22nd Ave Unit 1408 Portland, OR 97214
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
6,178
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
This seven-unit multifamily property is located at the corner of SE 22nd and Madison in Portland’s highly desirable Buckman neighborhood. Built in 1904, this classic eastside building offers spacious one-bedroom units, each approximately 600 square feet, featuring hardwood floors, gas ranges, and ab...undant natural light.The property includes on-site laundry, a full basement with storage, and off-street parking—rare amenities in this walkable, bike-friendly area. Positioned on a prominent 10,000+ SF corner lot, the building benefits from excellent visibility and proximity to SE Hawthorne and Belmont’s retail corridors, drawing strong, stable tenant demand.Current rents range from $1,225 to $1,795/month, with a projected gross income of $145,236 and a cap rate of 5.67%. Residents enjoy easy access to transit, local parks, and a vibrant food and beverage scene, all within one of Portland’s top-performing rental submarkets.With strong in-place income, upside in rents, and an irreplaceable location in one of Portland’s most beloved neighborhoods, this property presents a compelling opportunity for local investors seeking long-term value and reliable cash flow.
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MLS#
309652379
Property Type
Multi-Family
Status
Year Built
1904
Square Feet
6,178
sq. ft
Lot Size
0.23
Sewer
Public Sewer Available
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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