This Seven-unit Multifamily Property Is Located At The Corner Of Se 22nd And Madison In Portland’s Highly Desirable Buckman Neighborhood. Built In 1904, This Classic East Side Building Offers Spacious One-bedroom Units, Featuring Hardwood Floors, Gas Ranges, And Abundant Natural Light.the Property Includes On-site Laundry, A Full Basement With Storage, And Off-street Parking—rare Amenities In This Walkable, Bike-friendly Area. Positioned On A Prominent 10,000+ Sf Corner Lot, The Building Benefits From Excellent Visibility And Proximity To Se Hawthorne And Belmont’s Retail Corridors, Drawing Strong, Stable Tenant Demand.current Rents Range From $1,225 To $1,795/month, With A Scheduled Gross Income Of $141,780 And A Cap Rate Of 7.46%. Residents Enjoy Easy Access To Transit, Local Parks, And A Vibrant Food And Beverage Scene, All Within One Of Portland’s Top-performing Rental Submarkets.with Strong In-place Income, Upside In Rents, And An Irreplaceable Location In One Of Portland’s Most Beloved Neighborhoods, This Property Presents A Compelling Opportunity For Local Investors Seeking Long-term Value And Reliable Cash Flow.
