OR > Portland > Buckman
Portland, OR 97214,1626 SE ALDER ST
Portland, OR 97214,1626 SE ALDER ST
Portland, OR 97214,1626 SE ALDER ST
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Mike Farrell

Mike Farrell

+1(360) 910-1926
Listed by Norris & Stevens Investment Real Estate Services • DavidK@norris-stevens.com
$950,000
Est. payment /mo
4,813 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,813 sqft

Price per Sqft $197

Subdivision Buckman

MLS Listing ID 139651965

Year Built 1903

Annual Tax Amount $10,709

Tax Year 2024

Lot Size 4,791 Sqft

Property Description

Norris & Stevens Inc., 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.

Location

State OR

County Multnomah

Community Laundry

Area _143

Zoning R2.5

Rooms

Basement Full Basement, Storage Space, Unfinished

Interior

Heating Baseboard, Wall Heater

Exterior

Garage Spaces 2.0

Community Features Laundry

Roof Type Composition,Shingle

Garage No

Building

Story 3

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Buckman

Middle Schools Hosford

High Schools Other

Others

Acceptable Financing CallListingAgent

Listing Terms CallListingAgent

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Regional Multiple Listing Service (RMLS)
Mike Farrell

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(360) 910-1926

mikehomecenter@gmail.com

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1626 SE ALDER ST