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.
Listing Provided Courtesy of Benjamin Ficker, Keller Williams Sunset Corridor
General Information
309652379
21
DOM
7
10018.8 SqFt
7
6178
1904
R2.5
Multnomah
R264438
Sunnyside Env 5/10
Franklin
MultiFamily
SALISBURY HILL, BLOCK 3, LOT 3&4
Listing Provided Courtesy of Benjamin Ficker, Keller Williams Sunset Corridor
Krishna Realty data last checked: Jul 24, 2025 18:07 | Listing last modified Jul 24, 2025 01:14,
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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
21
21
Cash,Conventional
$1,400,000
$1,400,000
Jul 24, 2025 01:14
Schools
public Middle : Sunnyside Env
5/10Ratings High : FranklinN/ARatings
Map
Listing courtesy of Keller Williams Sunset Corridor.
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.
