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2438-2450 SE Main St, Portland, OR 97214

Thirteen studio and one-bedroom units spread across three separate buildings on a single tax lot.

Property SizeContact for details
Days on Market121

Property Features for 2438-2450 SE Main St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: HFO Investment Real Estate
Listed By: Greg Frick · License #OR 930500329
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 8:57AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HFO Investment Real Estate

Investment Insights

Based on property information with market context.

The 13-unit property comprises three separate apartment buildings on one tax lot. The buildings include studio and one-bedroom apartments, providing a mix of unit types within a multi-building residential setup.

The property sits at the end of a cul-de-sac, described as offering tenants a quiet residential setting with convenient access to nearby services and entertainment. It is located between SE Belmont Street and SE Hawthorne Boulevard, which are referenced as two main Portland thoroughfares with restaurants, bars, boutiques, and entertainment.

There is also opportunity for a low-density development project utilizing one of the existing buildings’ footprint and additional land on the lot.

Key Highlights

  • 13‑unit multifamily property with three separate buildings on one tax lot
  • Unit mix includes studios and one‑bedroom apartments
  • Property sits at the end of a cul‑de‑sac in Portland, OR

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service HVAC Service Tanning Salon Butcher Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,465
Businesses Nearby

Demographics for 97214, OR

28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Thirteen studio and one-bedroom units spread across three separate buildings on a single tax lot.
Where is this apartment building located?
The property is located at 2438-2450 SE Main St Portland, OR.
What are key features of this property?
This property features: 13‑unit multifamily property with three separate buildings on one tax lot; Unit mix includes studios and one‑bedroom apartments; Property sits at the end of a cul‑de‑sac in Portland, OR
More about this property
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