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Listed by Rarebird Real Estate

$695,000

Est. payment - /mo

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3,406 SqFt

Active

942 SE 16th AVE Portland, OR 97214

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,406 sqft

Price per Sqft $204

Subdivision Buckman

MLS Listing ID 780946911

Year Built 1904

Annual Tax Amount $8,761

Tax Year 2025

Lot Size 4,791 Sqft

Property Description

The Buckman Fourplex is a well-located 1904 vintage asset in the heart of Southeast Portland's highly desirable Buckman neighborhood. Positioned on a quiet residential street just minutes from Hawthorne, Belmont, and Division corridors, the property offers residents immediate access to some of Portland's best dining, retail, and entertainment options. The neighborhood's strong walkability, bike infrastructure, and proximity to downtown Portland continue to support long-term rental demand.The property consists of four residential units totaling approximately 2,454 rentable square feet on a 4,600 SF lot. The unit mix includes two spacious studio apartments and two one-bedroom units, all featuring efficient layouts with above-average square footage for the area. Built in 1904, the building retains classic early-20th-century charm while offering functional living spaces attractive to today's renters. Amenities include shared laundry in the basement and a partial utility bill-back system. Parking is street-only.This offering presents a compelling opportunity to acquire a character fourplex in one of Portland's most established and supply-constrained eastside neighborhoods. With strong in-place tenancy and clear upside potential through future rent adjustments and operational optimization, the Buckman Fourplex is well-suited for investors seeking stable, long-term performance with value-add opportunity in a premier Southeast Portland location.

Location

State OR

County Multnomah

Community Laundry

Area _143

Zoning R5

Rooms

Basement Partial Basement, Unfinished

Interior

Heating Wall Heater

Cooling None

Exterior

Community Features Laundry

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Buckman

Middle Schools Hosford

High Schools Cleveland

Others

Acceptable Financing Cash, Conventional, VALoan

Listing Terms Cash, Conventional, VALoan

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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