Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1408 SE 22Nd Ave Portland, OR 97214

    Sponsored
    For Sale
    $1,295,000

    MULTI_FAMILY - Portland, OR

    Property size:
    6,178 SF
    Lot size:
    0.23 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 10 at 1:06 pm

    Property Features for 1408 SE 22Nd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R2.5
    Rooms
    Bedroom 5, Bathroom 7, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 7, Bathroom 6, Bathroom 5, Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 3
    Bedrooms
    7
    APN
    R264438
    Size
    6,178 SF
    Lot size
    0.23 Acres

    Building Details

    Year built
    1904
    Floors in Building
    2
    Number of units
    7

    RareBird Real Estate (503) 545-4177 [email protected]

    Listing agent Benjamin Ficker (503) 451-0545

    Listing date Jan 7, 2026

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Seven-Unit Multifamily in Buckman Neighborhood

    Located at the corner of SE 22nd and Madison in Portland's highly desirable Buckman neighborhood, this seven-unit multifamily property was built in 1904. The classic east side building features spacious one-bedroom units with hardwood floors, gas ranges, and abundant natural light. The property, situated on a corner lot of over 10,000 square feet, includes on-site laundry, a full basement with storage, and off-street parking. It benefits from excellent visibility and proximity to SE Hawthorne and Belmont's retail corridors, attracting strong, stable tenant demand. Current rents range from $1,225 to $1,795 per month, with a stabilized gross income of $137,378 and a cap rate of 7.22%. Residents have easy access to transit, local parks, and a vibrant food and beverage scene. This property presents a compelling opportunity for local investors seeking long-term value and reliable cash flow, with strong in-place income and upside in rents.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Hair Salon Spa & Massage Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.642853
    Latitude
    45.515755

    Nearby Similar for Sale

    • $1,475,000
      5,899 SF

      Turn-Key Multifamily Investment Opportunity

      Well-maintained, income-generating property in desirable Mill Park neighborhood.
      2448 SE 117Th Ave, Portland, OR 97216
      View Details
    • New
      $1,745,000
      4,595 SF

      Craftsman Duplex with Panoramic Views

      Charming 1910 Craftsman duplex with old-world charm and views.
      2324 SW Cactus Dr, Portland, OR 97205
      View Details
    • $690,000
      0.11 Acres

      Richmond Duplex: Investment Opportunity

      Charming 1912 duplex in the heart of Richmond.
      3504 SE Sherman St, Portland, OR 97214
      View Details
    • New
      $474,900
      0.12 Acres

      Classic Portland Duplex Opportunity

      Rare Portland duplex with two units, ideal for investment.
      9023 SE Ankeny St, Portland, OR 97216
      View Details
    • $699,000
      2,164 SF

      Portland Duplex with Income Potential

      Spacious duplex in Portland, ideal for owners or investors.
      402 SE 75Th Ave, Portland, OR 97215
      View Details
    • New
      $635,000

      Portland Multifamily Property For Sale

      North Portland multifamily property with remodeled units and ADU.
      6824 N Commercial Ave, Portland, OR 97202
      View Details
    • New
      $2,800,000
      7,065 SF

      New Multifamily Investment Opportunity

      Newly constructed, fully rented property with condo conversion potential.
      6061 NE Simpson St, Portland, OR 97218
      View Details
    • New
      $639,900
      1,447 SF

      Charming Concordia Home with ADU

      Updated 1949 home with permitted ADU near Alberta St.
      3286 NE Holman St, Portland, OR 97211
      View Details
    • $550,000

      Montavilla Mixed-Use Development Opportunity

      Quarter-acre lot in Portland's Montavilla neighborhood with commercial zoning.
      415 SE 94Th Ave, Portland, OR 97216
      View Details
    • New
      $6,999,000
      15,956 SF

      New Multifamily Portfolio in Portland

      Portfolio of 17 units in prime Portland locations.
      NE Ainsworth St, Portland, OR 97211
      View Details
    • New
      $889,900
      3,424 SF

      Two Homes, One Tax Lot

      Two homes on one lot in desirable John's Landing.
      6636 S Virginia Ave, Portland, OR 97239
      View Details
    • $839,900
      4,781 SF

      Portland Multifamily with Airbnb Potential

      Multigenerational living or short-term rental in Portland's SW Hills.
      3412 SW 13Th Ave, Portland, OR 97239
      View Details

    FAQs

    What type of property is this?
    Apartment building - Seven-unit multifamily property in Portland's desirable Buckman neighborhood.
    Where is this apartment building located?
    The property is located at 1408 SE 22Nd Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - Prime location in Portland's highly desirable Buckman neighborhood; - Strong in-place income with a **7.22% cap rate** and stabilized gross income of $137,378; - Spacious one-bedroom units feature hardwood floors, gas ranges, and abundant natural light
    (971) 235-9561
    Request Owner's contact information
    1408 SE 22Nd Ave Portland, OR 97214
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1408 SE 22Nd Ave
    Portland, OR 97214
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1408 SE 22Nd Ave Portland, OR 97214
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.