5-Unit Apartment
For Sale
$699,999
1925 SE Alder St, Portland, OR 97214
The unit mix includes four one-bedroom apartments and one two-bedroom apartment, with on-site laundry and off-street parking.
Property Size3,075 SF
Price / SF$227.64
Days on Market11
Property Features for 1925 SE Alder St
General Information
Standard status
Active
Size
3,075 SF
Property subtype
Multi Family Home
Zoning
RM2
Site & Location
Neighborhood
Buckman Community Association
Units
Unit Mix
1 x 2BR, 4 x 1BR
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$13,101
Amenities
high ceilings
central forced-air heating
private storage
on-site laundry
off-street parking
large backyard space
Building Details
Building Size
3,075 SF
Year Built
1890
Stories
2
Units
5
Listing Agency:
Windermere Realty Trust
Listed By:
Reuben Schug · License #200611244
(503) 754-1930
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 29 at 7:46PM
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 Windermere Realty Trust
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,075-square-foot apartment property was built in 1890 and contains five residences: four one-bedroom units and one two-bedroom unit. Features include high ceilings, central forced-air heating, private storage, on-site laundry, off-street parking, and a large backyard. A newer roof and a two-bedroom apartment renovated in 2025 are among the property’s improvements. Zoning is RM2.
The building is at 1925 SE Alder St in Portland’s Buckman neighborhood. Grocery stores, restaurants, parks, and downtown Portland employment centers are described as accessible on foot.
The building is at 1925 SE Alder St in Portland’s Buckman neighborhood. Grocery stores, restaurants, parks, and downtown Portland employment centers are described as accessible on foot.
Key Highlights
- Five apartments: four one‑bedroom units and one two‑bedroom unit
- 3,075 square feet; built in 1890
- RM2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,483
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,660
$789.7K
Cap Rate 7%
$564,043
$564.0K
Cap Rate 9%
$438,700
$438.7K
Market Conditions
NOI Build-Up for 3,075 SF
Gross rent
$75.6K $24.60/SF
− Vacancy
−$3.9K −$1.25/SF
EGI
$71.8K $23.35/SF
− OpEx
−$32.3K −$10.51/SF
NOI
$39.5K $12.84/SF
Area
Portland, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,660
Cap Rate 7%
$564,043
Cap Rate 9%
$438,700
Alternative Uses
Best Use
Apartment 5plus
$564.0K
$493.5K – $658.1K
NOI $39,483 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$863.5K
$755.6K – $1.01M
NOI $60,448 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,585
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix includes four one-bedroom apartments and one two-bedroom apartment, with on-site laundry and off-street parking.
Where is this apartment building located?
The property is located at 1925 SE Alder St Portland, OR.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Five apartments: four one‑bedroom units and one two‑bedroom unit; 3,075 square feet; built in 1890; RM2 zoning
