1626 SE Ash St, Portland, OR 97214

$2,950,000

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Property Description

Attractive 10-unit apartment building located on a prominent quarter-acre corner lot in Portland's vibrant Buckman neighborhood. The property consists of spacious 2-bedroom / 1-bath units, each approximately 912 square feet, offering large, open living areas that are increasingly rare in close-in Portland multifamily. Built in the mid-1970s, the building has seen recent exterior improvements including a newer roof, updated siding, and fresh exterior paint, supporting long-term durability and reduced maintenance. The asset benefits from a solid rental history and consistent tenant demand driven by exceptional access to transit, shopping, restaurants, and neighborhood amenities. Additional features include off-street parking, shared laundry facilities, tenant storage, and dedicated bike storage-an ideal amenity mix for the Buckman submarket. This makes for an attractive asset for both tenants and investors seeking stable income in a prime close-in location.

1626 SE Ash St | MLS# 133216820

This multi-family property located at 1626 SE Ash St, Portland, OR 97214 is currently listed for sale with an asking price of $2,950,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: CrawlSpace, ExteriorEntry, PartialBasement
Fuel Type: Electricity
Heating: Baseboard
Roof Type: Composition
Stories: 2.0
Taxes: $17,616
Year Built: 1973
Square Feet: 9,120

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Disposal, Range, Refrigerator
Rent: $1899.00
Square Footage: 912
Total Units: 4
Unit Type 2:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Disposal, Range, Refrigerator
Rent: $1875.00
Square Footage: 912
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Disposal, Range, Refrigerator
Rent: $1845.00
Square Footage: 912
Total Units: 1
Unit Type 4:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Disposal, Range, Refrigerator
Rent: $1825.00
Square Footage: 912
Total Units: 1
Unit Type 5:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Disposal, Range, Refrigerator
Rent: $1665.00
Square Footage: 912
Total Units: 1
Unit Type 6:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Disposal, Range, Refrigerator
Rent: $1575.00
Square Footage: 912
Total Units: 1
Unit Type 7:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Disposal, Range, Refrigerator
Rent: $1899.00
Square Footage: 912
Total Units: 1

Feature Descriptions

Days on Site: 83
Exterior: Brick, Cement Siding, Lap Siding
Gross Income: $210422.00 (Actual)
Hot Water: Electricity
Lot: Corner Lot, Level, Public Road
Net Income: $144151.00 (Actual)
Operating Expenses: $66271.00 (Actual)
Parking: OffStreet, OnStreet
Parking Notes: OffStreet, OnStreet
Sewer: Public Sewer
Storage: Basement, IndividualStorageUnits
Units: 10
Water: Public Water

Local Schools

High School: Cleveland
Middle School: Hosford
Elementary School: Buckman

Listed By / Shown By

Listed By

Agency Name: John L. Scott Portland Central
Agency Contact: neportland@johnlscott.com

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 17,245.22 per month $14,916.81 Principal & Interest $1,468.00 Property Tax $860.42 Homeowner's Insurance

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