1408 SE 22nd AVE

Portland, 97214

  • 7 Bed

  • 7 Bath

  • 6178 SqFt

  • 21 DOM

  • Built: 1904

  • Status: Active

$1,400,000

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1408 SE 22nd AVE

Portland 97214

$1400000

  • 7 Bed

  • 7 Bath

  • 6178 SqFt

  • 21 DOM

  • Built: 1904

  • Status: Active

Krishna Regupathy

Principal Broker

(503) 893-8874

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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