Buckman
Property • MultiFamily
Web ID # 746365810
$1,295,000.00
0 Beds • 0 Baths
Property Features
Regional Multiple Listing Service, Inc.
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.
SE Hawthorne, N on 22nd Ave, Corner of 22nd & SE Madison
Dwelling Type: MultiFamily
Subdivision: Buckman
Year Built: 1904, County: US
SE Hawthorne, N on 22nd Ave, Corner of 22nd & SE Madison
Listing is courtesy of Rarebird Real Estate
