Historic Five-Unit Multifamily
1925 SE ALDER St Portland, OR 97214
New
For Sale
$699,999
MULTI_FAMILY - Portland, OR
Property Size3,075 SF
Lot Size0.12 Acres
Price / SF$227.64
Days on Market2
Property Features for 1925 SE ALDER St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM2
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bathroom 5, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 3
- Standard status
- Active
- APN
- R167924
- Size
- 3,075 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- GARRISON'S SUB, BLOCK 5, W 1/2 OF LOT 5&6
- Tax Annual Amount
- 13102
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 5
- Roof type
- Composition
Listing Agency:
Windermere Realty Trust
(503) 233-7777
Listed By:
Reuben Schug · License #200611244
(503) 754-1930
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 23 at 12:06PM
MLS# 442930695
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 five-unit multifamily property was built in 1890 and is arranged with one two-bedroom apartment and four one-bedroom apartments. The residences feature high ceilings, central forced-air heating, private storage, and on-site laundry, along with off-street parking and access to a large backyard space.
Recent capital improvements include a newer roof and a fully renovated two-bedroom unit completed in 2025.
Zoned RM2, the property sits on a lot size of 0.12 acres and comprises 3,075 square feet.
Recent capital improvements include a newer roof and a fully renovated two-bedroom unit completed in 2025.
Zoned RM2, the property sits on a lot size of 0.12 acres and comprises 3,075 square feet.
Key Highlights
- Built in 1890, this five‑unit multifamily property offers a historic Buckman neighborhood setting in Portland.
- Unit mix includes 1 two‑bedroom and 4 one‑bedroom apartments.
- Heating is forced air and cooling is central air.
Financial Insights For Apartment 5plus
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 | $75.6k | $24.60 |
| − Vacancy | −$3.9k | −$1.25 |
| EGI | $71.8k | $23.35 |
| − OpEx | −$32.3k | −$10.51 |
| NOI | $39.5k | $12.84 |
3,075 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit multifamily building built in 1890 with one two-bedroom and four one-bedroom apartments.
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: Built in 1890, this five‑unit multifamily property offers a historic Buckman neighborhood setting in Portland.; Unit mix includes 1 two‑bedroom and 4 one‑bedroom apartments.; Heating is forced air and cooling is central air.
