1822 SE Ash St - Multi-Family FOR SALE


Portland, OR 97214- Buckman
$865,000 USD
503-704-9173
1822 SE Ash St, Portland, OR for Sale
$865,000 USD
Multi-Family - FOR SALE
1/20
null | 5.29% Cap Rate

1822 SE Ash St
Portland, OR 97214
Buckman


HIGHLIGHTS

  • New Siding - 2020, New Roof - 2024, New Fencing - 2026
  • All 2BD/1BA Townhome units with W/D Hookups
  • Spacious Units with Private Patios
  • Off-Street Parking
  • Walk Score - 94 / Bike Score - 93
  • Close to Public Transit & Shops & Restaurants

OVERVIEW

Ideally situated in the highly sought-after Buckman neighborhood, between E Burnside St and SE Stark St, this tri-plex combines strong rental income with an ideal rental location. All three units are 2 bedroom / 1 bathroom townhomes with spacious living rooms, washer / dryer hookups & dining areas off the kitchen leading to private patios. The property has been very well managed and maintained, including new siding in 2020 & a new roof in 2024. Additionally, the units have been nicely updated as needed upon turnover with new appliances, flooring and doors. Each unit enjoys one off-street parking spot. With reliable renters & a proven income record, this is an opportunity to own a stable, low-maintenance investment in one of Portland’s most desirable close-in locations. At a 5.29% cap rate & 13.12 GRM, this property provides steady cash flow from day one. With current market rents & low turnover, investors can expect consistent returns & long-term value growth.

FOR SALE DETAILS

PRICE

$865,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

3

PRICE/UNIT

$288,333

CAP RATE

5.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Buckman Triplex

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

3

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R2.5

APN/PARCEL ID

R297180

ASK ABOUT THIS PROPERTY

Kathy RogersTownship Properties Real EstateMore Info
503-704-9173

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Kathy RogersTownship Properties Real EstateMore Info
503-704-9173

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.