Charming, fully restored 6-unit building in Portland's Buckman neighborhood, between the popular Belmont and Hawthorne shops and restaurants. Walk Score 96 (Walker's Paradise) & Bike Score 97 (Biker's Paradise). 2018 studs-out remodel included electrical wiring and panels, water lines, water heaters, doors, bathrooms, common area, washer/dryer/storage room, and kitchens with new cabinets, quartz countertops, and stainless appliances. New roof in 2020; common-area windows in 2021. Unit mix: three 1BD/1BA, one 2BD/1BA, and two upstairs studios sharing one bath - currently 100% occupied. A prime close-in investment opportunity to acquire a turn-key, well-performing asset in one of Portland's strongest submarkets. Current gross monthly income: $8,090 base rent + $75 pet rent, with 2025 utility reimbursements averaging ~$536/month.
| MLS # | 314073309 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1908 |
| Days On Site | 152 |
| Listing Provided By | Constant Commercial Real Estate Inc | Cory Carlson |
| SQ Feet | 2,824 |
|---|---|
| Basement | Y |
| Units | 6 |
| Zoning | R2.5 |
| Acreage | 0.06 |
| Heating | Wall Heater |
|---|---|
| Heating Yn | No |
| Cooling | Wall Unit |
| Cooling Yn | Yes |
| Roof | Composition |
|---|---|
| Lot Features | Level |
| Attached Garage Yn | No |
|---|
| Property | 12435 |
|---|
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97214 |
| School District | Cleveland |
| Elementary School | Buckman |
| High School | Cleveland |
| Listing VS Median (in 97214) | |
Price: $935,000 low | high Med: $687,450 sqft: 2,824 low | high Med: 1,852 $ / sqft: $331 low | high Med: $408 On site: 152 low | high Med: 76 | |
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97214 |
| School District | Cleveland |
| Elementary School | Buckman |
| High School | Cleveland |
| Listing VS Median (in 97214) | |
Price: $935,000 low | high Med: $687,450 sqft: 2,824 low | high Med: 1,852 $ / sqft: $331 low | high Med: $408 On site: 152 low | high Med: 76 | |