$1400000
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7 Bed
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7 Bath
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6178 SqFt
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6 DOM
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Built: 1904
- Status: Active
Love this home?
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
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309652379
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6 DOM
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7
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10018.8 SqFt
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7
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6178
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1904
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R2.5
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Multnomah
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R264438
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Sunnyside Env
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Franklin
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MultiFamily
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SALISBURY HILL, BLOCK 3, LOT 3&4
Listing Provided Courtesy of Benjamin Ficker, Keller Williams Sunset Corridor
PDXA1 Realty Group data last checked: Jul 09, 2025 06:07 | Listing last modified Jul 03, 2025 12:37,
Source:
Residence Information
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6178
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-
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7
-
-
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7
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Other
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1,
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OnStreet
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2
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1904
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No
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WoodSiding
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FullBasement
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-
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FullBasement
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Features and Utilities
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-
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Gas
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WallHeater
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PublicSewer
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Gas
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Gas
Financial
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9275.29
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Electricity,Sewer,Water
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-
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Cash,Conventional
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07-03-2025
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No
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No
Comparable Information
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6
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6
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Cash,Conventional
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$1,400,000
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$1,400,000
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Jul 03, 2025 12:37
Schools
Map
Listing courtesy of Keller Williams Sunset Corridor.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Jul 09, 2025 06:07 | Listing last modified Jul 03, 2025 12:37.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
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Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
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