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1408 SE 22nd AVE, Portland, OR 97214

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For Sale

$1,400,000

6,178 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $226.61
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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 abundant 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.
MLS# 309652379

Courtesy Of Keller Williams Sunset Corridor

(503) 270-5700

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Wood Siding
  • Lot Size
    0.23 Acres
  • Rooms
    Basement

Map and Directions

Directions to 1408 SE 22nd AVE, Portland, OR 97214

Home seller CENTURY 21 North Homes Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 North Homes Realty

(503) 429-4300
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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