1408 SE 22nd Ave, Portland, OR 97214

Local realty services provided by:ERA Freeman & Associates, Realtors
1408 SE 22nd Ave,Portland, OR 97214
$1,350,000
  • - Beds
  • - Baths
  • 6,178 sq. ft.
  • Multi-family
  • Active
Listed by: benjamin ficker
Office: keller williams sunset corridor
MLS#:309652379
Source:PORTLAND

Price summary

  • Price:$1,350,000
  • Price per sq. ft.:$218.52

About this home

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

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Home facts

  • Year built:1904
  • Listing ID #:309652379
  • Added:132 day(s) ago
  • Updated:November 13, 2025 at 07:22 PM

Rooms and interior

  • Living area:6,178 sq. ft.

Structure and exterior

  • Year built:1904
  • Building area:6,178 sq. ft.
  • Lot area:0.23 Acres

Schools

  • High school:Franklin
  • Middle school:Sunnyside Env

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,350,000
  • Price per sq. ft.:$218.52
  • Tax amount:$9,275 (2024)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than ERA Freeman & Associates, Realtors are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: November 13, 2025

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