Charming Fourplex in Buckman
942 SE 16th Ave Portland, OR 97214
942 SE 16th Ave, Portland, OR, 97214
$660,000
For Sale
$660,000
MULTI_FAMILY - Portland, OR
Property Size3,406 SF
Lot Size0.11 Acres
Price / SF$193.78
Days on Market141
Property Features for 942 SE 16th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 2
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1
- Standard status
- Active
- APN
- R144441
- Size
- 3,406 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- DANEKE, BLOCK 1, LOT 10
- Tax Annual Amount
- 8762
Building Details
- Year built
- 1904
- Floors in Building
- 2
- 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: Feb 26 Checked: Jul 17 at 7:06 am
MLS# 780946911
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.
The Buckman Fourplex is a 1904 vintage asset located in the Buckman neighborhood of Southeast Portland. Situated on a residential street, the property is near Hawthorne, Belmont, and Division corridors, providing access to dining, retail, and entertainment options. The location benefits from walkability, bike infrastructure, and proximity to downtown Portland. The property includes four residential units totaling approximately 2,454 rentable square feet on a 4,600 square foot lot. The unit mix features two studio apartments and two one-bedroom units, all with layouts and square footage. Constructed in 1904, the building maintains early-20th-century charm while offering functional living spaces. Amenities include shared laundry in the basement. Parking is street-only. This property offers an opportunity to acquire a fourplex in one of Portland's established neighborhoods. With tenancy and potential through rent adjustments and operational optimization, the Buckman Fourplex is suited for investors seeking long-term performance with value-add opportunity in a Southeast Portland location.
Key Highlights
- 1904 Buckman Fourplex in Southeast Portland with 4 residential units totaling approx. 2,454 rentable SF
- Unit mix: two studio apartments and two one‑bedroom units
- Built in 1904; composition 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 | $71.5k | $21.00 |
| − Vacancy | −$3.7k | −$1.09 |
| EGI | $67.8k | $19.91 |
| − OpEx | −$20.3k | −$5.97 |
| NOI | $47.5k | $13.94 |
3,406 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$678.1K
$593.3K – $791.1K
NOI $47,465 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$624.8K
$546.7K – $728.9K
NOI $43,733 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$956.5K
$836.9K – $1.12M
NOI $66,954 @ 7.0% cap · market cap 10.14%
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 - Vintage fourplex in Southeast Portland's desirable Buckman neighborhood.
Where is this quadplex located?
The property is located at 942 SE 16th Ave Portland, OR.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: 1904 Buckman Fourplex in Southeast Portland with 4 residential units totaling approx. 2,454 rentable SF; Unit mix: two studio apartments and two one‑bedroom units; Built in 1904; composition roof
