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Listed by Norris & Stevens Investment Real Estate Services • DavidK@norris-stevens.com
$ 950,000
Est. payment /mo
New
1626 SE ALDER ST Portland, OR 97214
4,813 SqFt
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., 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.
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
