Portland, OR 97214,1408 SE 22nd AVE
Portland, OR 97214,1408 SE 22nd AVE
Portland, OR 97214,1408 SE 22nd AVE
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Listed by Rarebird Real Estate
$1,295,000
Est. payment /mo
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6,178 SqFt
Active

1408 SE 22nd AVE Portland, OR 97214

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Tom Taylor

Tom Taylor

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+1(503) 575-8620

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,178 sqft

Price per Sqft $209

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 SCHOOL & BUSINESS

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.

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Tom Taylor

Tom Taylor

Agent | License ID: 201216648

+1(503) 575-8620

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1408 SE 22nd AVE