Queen Anne Victorian
1842 1848 SE ANKENY St Portland, OR 97214
1842 1848 SE ANKENY St, Portland, OR, 97214
$950,000
For Sale
$950,000
MULTI_FAMILY - Portland, OR
Property Size4,063 SF
Lot Size0.09 Acres
Price / SF$233.82
Days on Market80
Property Features for 1842 1848 SE ANKENY St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2.5
- Bedrooms
- 2
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1
- Standard status
- Active
- APN
- R123158
- Size
- 4,063 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- BUCKMANS ADD, BLOCK 4, LOT 1 TL 3700
- Tax Annual Amount
- 8062
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1884
- Floors in Building
- 3
- Number of units
- 4
- Roof type
- Composition
Listing Agency
Rarebird Real Estate
(503) 451-0545
800 NE Broadway St, Portland, OR
Listed by
Benjamin Ficker · License #200412166,OR
(971) 273-5547
Added: Apr 29 Checked: Jul 17 at 10:06 am
MLS# 669124116
Listing URL
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.
Investment Insights
Based on property information with market context.
This rare and beautiful Queen Anne Victorian 4-plex is located in Southeast Portland on the Ankeny greenway bike path. The multifamily property features fantastic architectural details, hardwood floors, and built-ins. Two units have modern quartz counters and gas ranges. Recent structural upgrades have been completed, and the roof is newer. The property includes a zen-like garden, coin-operated laundry, and storage. The lot size is 0.09 acres. The property has a total size of 4063 square feet and is zoned R2.5. There is upside potential in rents.
Key Highlights
- Queen Anne Victorian 4‑plex built in 1884 in close‑in SE on the Ankeny greenway bike path
- Forced air heating and a composition roof
- Recent structural upgrades and a newer roof
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.3k | $21.00 |
| − Vacancy | −$4.4k | −$1.09 |
| EGI | $80.9k | $19.91 |
| − OpEx | −$24.3k | −$5.97 |
| NOI | $56.6k | $13.94 |
4,063 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$808.9K
$707.8K – $943.7K
NOI $56,620 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$745.3K
$652.1K – $869.5K
NOI $52,169 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.14M
$998.4K – $1.33M
NOI $79,869 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Rare, beautiful 4-plex in SE Portland on Ankeny greenway.
Where is this quadplex located?
The property is located at 1842 1848 SE ANKENY St Portland, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Queen Anne Victorian 4‑plex built in 1884 in close‑in SE on the Ankeny greenway bike path; Forced air heating and a composition roof; Recent structural upgrades and a newer roof
