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.
Listing Provided Courtesy of Benjamin Ficker, Rarebird Real Estate
General Information
746365810
6
DOM
7
10018.8 SqFt
7
6178
1904
R2.5
Multnomah
R264438
Sunnyside Env 5/10
Sunnyside Env 5/10
Franklin
MultiFamily
SALISBURY HILL, BLOCK 3, LOT 3&4
Listing Provided Courtesy of Benjamin Ficker, Rarebird Real Estate
Krishna Realty data last checked: Jan 09, 2026 08:38 | Listing last modified Jan 07, 2026 13:20,
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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
9621.2
0
Electricity,Sewer,Water
Cash,Conventional
01-01-2026
No
No
Comparable Information
6
8
Cash,Conventional
$1,295,000
$1,295,000
Jan 07, 2026 13:20
Schools
public Elementary : Sunnyside Env
5/10Ratingspublic Middle : Sunnyside Env
5/10Ratings High : FranklinN/ARatings
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.
