Norris & Stevens Inc., as the listing agent, is pleased to present for purchase this 7-unit multi-family property located at 1626 SE Alder Street, Portland, OR 97214. Built in 1903, the asset is comprised of five 1-bedroom/1-bath units and two studio units. Positioned in a prime pocket of Southeast Portland’s Buckman neighborhood, the property offers immediate access to the Belmont retail corridor as well as the nearby Hawthorne District, Central Eastside, and downtown Portland. The location provides excellent walkability, bike access, and connectivity to major employment and lifestyle hubs, ensuring consistent rental demand. The property also presents a value-add opportunity through unit renovations, common area improvements, and bringing rents in line with market levels. With strong fundamentals, upside potential, and a highly desirable location, 1626 SE Alder represents a rare opportunity to invest in one of Portland’s most active submarkets.
Listing Provided Courtesy of David Keys, Norris & Stevens Investment Real Estate Services
General Information
139651965
1
DOM
2
4791.6 SqFt
3
4813
1903
R2.5
Multnomah
R114331
Buckman 5/10
Hosford 6/10
Other
MultiFamily
BELLEVIEW ADD, LOT 7
Listing Provided Courtesy of David Keys, Norris & Stevens Investment Real Estate Services
Krishna Realty data last checked: Oct 09, 2025 05:21 | Listing last modified Oct 08, 2025 10:29,
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Residence Information
4813
2
3
Composition,Shingle
2,
Driveway,Garage
3
1903
No
WoodSiding
FullBasement,StorageSpace,Unfinished
FullBasement,Storage
Features and Utilities
Baseboard, WallHeater
PublicSewer
Electricity, Gas
Financial
10709
None
CallListingAgent
10-08-2025
No
No
Comparable Information
1
1
CallListingAgent
$950,000
$950,000
Oct 08, 2025 10:29
Schools
public Elementary : Buckman
5/10Ratingspublic Middle : Hosford
6/10Ratings High : OtherN/ARatings
Map
Listing courtesy of Norris & Stevens Investment Real Estate Services.
Norris & Stevens Inc., as the listing agent, is pleased to present for purchase this 7-unit multi-family property located at 1626 SE Alder Street, Portland, OR 97214. Built in 1903, the asset is comprised of five 1-bedroom/1-bath units and two studio units. Positioned in a prime pocket of Southeast Portland’s Buckman neighborhood, the property offers immediate access to the Belmont retail corridor as well as the nearby Hawthorne District, Central Eastside, and downtown Portland. The location provides excellent walkability, bike access, and connectivity to major employment and lifestyle hubs, ensuring consistent rental demand. The property also presents a value-add opportunity through unit renovations, common area improvements, and bringing rents in line with market levels. With strong fundamentals, upside potential, and a highly desirable location, 1626 SE Alder represents a rare opportunity to invest in one of Portland’s most active submarkets.
