1408 SE 22nd AVE

Portland, OR 97214
Square Ft.
6,178
$1,400,000
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, aRead MoreRead Less
Listing courtesy of Keller Williams Sunset Corridor.
Listing Snapshot
Days Online
33
Last Updated
Square Ft.
6,178
Lot Size
0.23 Acres
Year Built
1904
MLS Number
309652379
30 Days Snapshot Of 97214
$669k
-13%
(avg) sold price
24
-7%
homes sold
29
+61%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: FullBasement
Building
Building Area Total: 6178, Built in 1904, Storage: Basement, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7
Community
Community Features: Laundry
Expenses
Operating Expense Scheduled: 55607, Operating Expense: $53,989
Exterior Features
Exterior Description: WoodSiding
Garage
Garage Spaces: 1
Heating
Heating: WallHeater
Income
CAP Rate: 5.67, Gross Income: $133,418, Gross Rent Multiplier: 10.49, Gross Scheduled Income: $145,236, Net Operating Income: $79,429, Net Scheduled Income: 89629
Lot
Features: CornerLot, Size Acres: 0.23, Size Range: SqFt10000to14999, Size Square Feet: 10,018, Size: 10,000 to 14,999 SqFt
Miscellaneous
Investor Information: AccordingToOwner, Leases, RentRecords
Parking
Features: OnStreet
Property
Number Of Units Total: 7, Property Condition: Approximately, Zoning: R2.5
Roof
Roof: Other
Security Features
Features: Entry
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $9,275, Legal Description, Tax Year: 2024
Unit One
Actual Rent: $1,549, Area: 597, Features: HardwoodFloors, Range, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Two
Actual Rent: $1,225, Area: 597, Features: HardwoodFloors, Range, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Three
Actual Rent: $1,350, Area: 597, Features: HardwoodFloors, Range, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Four
Actual Rent: $1,695, Area: 597, Features: HardwoodFloors, Range, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Five
Actual Rent: $1,452, Area: 597, Features: HardwoodFloors, Range, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Six
Actual Rent: $1,253, Area: 597, Features: HardwoodFloors, Range, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Seven
Actual Rent: $1,795, Area: 597, Features: HardwoodFloors, Range, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Utilities
Fuel Description: Gas, Hot Water Description: Gas, Water Source: PublicWater
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This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.