1408 SE 22nd AVE

Portland, 97214

  • 7 Bed

  • 7 Bath

  • 6178 SqFt

  • 1 DOM

  • Built: 1904

  • Status: Active

$1,400,000

X

1408 SE 22nd AVE

Portland 97214

$1400000

  • 7 Bed

  • 7 Bath

  • 6178 SqFt

  • 1 DOM

  • Built: 1904

  • Status: Active

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

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.

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Residence Information

  • 6178

  • 7

  • 7

  • Other

  • 1,

  • OnStreet

  • 2

  • 1904

  • No

  • WoodSiding

  • FullBasement

  • FullBasement

Features and Utilities

  • Gas

  • WallHeater

  • PublicSewer

  • Gas

  • Gas

Financial

  • 9275.29

  • Electricity,Sewer,Water

  • Cash,Conventional

  • 07-03-2025

  • No

  • No

Comparable Information

  • 1

  • 1

  • Cash,Conventional

  • $1,400,000

  • $1,400,000

  • Jul 03, 2025 12:37

Schools

Middle : Sunnyside Env N/A Ratings
High : Franklin N/A Ratings

Map

Listing courtesy of Keller Williams Sunset Corridor.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Jul 04, 2025 14:28 | Listing last modified Jul 03, 2025 12:37. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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