Portland, OR 97214,1408 SE 22nd AVE
Portland, OR 97214,1408 SE 22nd AVE
Portland, OR 97214,1408 SE 22nd AVE
Portland, OR 97214,1408 SE 22nd AVE
Portland, OR 97214,1408 SE 22nd AVE
Portland, OR 97214,1408 SE 22nd AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Thu
29
Jan
Fri
30
Jan
Sat
31
Jan
Steve Harris

Steve Harris

+1(360) 335-5832
Listed by Rarebird Real Estate
$ 1,250,000
Est. payment | /mo

6,178 SqFt

Save
$ 1,250,000
Est. payment | /mo
Save

6,178 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,178 sqft

Price per Sqft $202

Subdivision Buckman

MLS Listing ID 746365810

HOA Y/N No

Year Built 1904

Annual Tax Amount $9,621

Tax Year 2025

Lot Size 10,018 Sqft

Property Description

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 east side building offers spacious one-bedroom units, 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 Stabilized gross income of $137,378 and a cap rate of 7.22%. 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.

Location

State OR

County Multnomah

Area _143

Zoning R2.5

Rooms

Basement Full Basement

Interior

Heating Wall Heater

Exterior

Garage Spaces 1.0

Roof Type Other

Garage No

Building

Lot Description Corner Lot

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Sunnyside Env

Middle Schools Sunnyside Env

High Schools Franklin

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Abernethy Elementary School

    Public | KG - 5

  • 9

    Winterhaven School

    Public | KG - 8

  • 9

    Laurelhurst Elementary School

    Public | KG - 8

  • 8

    Emerson School

    Public | KG - 5

  • 8

    Llewellyn Elementary School

    Public | KG - 5

  • 8

    Alameda Elementary School

    Public | KG - 5

  • 8

    Beverly Cleary School

    Public | KG - 8

  • 8

    Sunnyside Environmental School

    Public | KG - 8

  • 8

    Richmond Elementary School

    Public | PK - 5

  • 8

    Glencoe Elementary School

    Public | KG - 5

  • 7

    Lewis Elementary School

    Public | KG - 5

  • 7

    Woodstock Elementary School

    Public | KG - 5

  • 6

    Southwest Charter School

    Public | KG - 8

  • 6

    Sabin Elementary School

    Public | KG - 8

  • 6

    Creston Elementary School

    Public | KG - 8

  • 5

    Irvington Elementary School

    Public | KG - 8

  • 5

    Buckman Arts Focus Elementary School

    Public | KG - 5

  • 5

    Grout Elementary School

    Public | KG - 5

  • 5

    Atkinson Elementary School

    Public | KG - 5

  • 4

    Beach Elementary School

    Public | PK - 8

Middle Schools 10
  • 9

    Da Vinci Middle School

    Public | 6 - 8

  • 7

    Mt Tabor Middle School

    Public | 6 - 8

  • 5

    Hosford Middle School

    Public | 6 - 8

  • 5

    Beaumont Middle School

    Public | 6 - 8

  • 3

    Lane Middle School

    Public | 6 - 8

  • 1

    Self Enhancement, Inc/Sei Academy

    Public | 6 - 8

  • 0

    Northwest Academy

    Private | 6 - 12

  • 0

    St Andrew Nativity School

    Private | 6 - 8

  • 0

    Pacific Crest Community School

    Private | 6 - 12

  • 0

    Mt Scott Park Center for Learning

    Private | 7 - 12

High Schools 12
  • 7

    Grant High School

    Public | 9 - 12

  • 7

    Franklin High School

    Public | 9 - 12

  • 6

    Benson Polytechnic High School

    Public | 9 - 12

  • 6

    Cleveland High School

    Public | 9 - 12

  • 3

    Jefferson High School

    Public | 9 - 12

  • 2

    Leadership and Entrepreneurship Public Charter High School

    Public | 9 - 12

  • 0

    St Marys Academy

    Private | 9 - 12

  • 0

    Oregon Outreach Inc. Rosi Hinton High School

    Private | 9 - 12

  • 0

    Oregon Outreach

    Private | 9 - 12

  • 0

    Yourth Progress Learning Center

    Private | 9 - 12

  • 0

    Central Catholic High School

    Private | 9 - 12

  • 0

    Alliance High School

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Name

Phone*

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Steve Harris, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Steve Harris

+1(360) 335-5832

steve@gorgeouspropertysolutions.com

Go tour this home

1408 SE 22nd AVE