1414 SE LAMBERT ST, Portland, OR 97202
- $899,000
- 4,348
- SqFt
- List Price
- $899,000
- Days on Market
- 1
- MLS#
- 126667965
- Property Type
- Multifamily
- Sqft. of Residence
- 4,348
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland Southeast
- Status
- ACTIVE
Property Description
Excellent investment opportunity in the heart of Sellwood-Westmoreland. This 6-unit property is offered at $899,000, or approximately $150,000 per unit, with a documented 2025 NOI of $51,324 and a 5.71% cap rate at list price. The unit mix includes two 2-bedroom/1-bath units and four 1-bedroom/1-bath units, with professional property management currently in place. The building offers shared laundry, basement storage, newer plumbing, and a level lot in one of Southeast Portland's most desirable rental locations. Just blocks from the shops, restaurants and neighborhood amenities along SE 13th, with convenient access to transit, parks and the Springwater Corridor. Current rents provide additional upside as leases turn over, while the existing income offers investors an established operating history. A compelling opportunity to acquire a close-in Portland multifamily asset with six units, strong rental demand and long-term income potential.
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Additional Information
- Tax Amount
- $8,633
- Year Built
- 1907
- High School
- Cleveland
- Elementary School
- Llewellyn
- Middle School
- Sellwood
- Acres
- 0.12
- Living Area
- 4,348
- Stories
- 3
- Subdivision
- SELLWOOD - MORELAND
- Terms
- Call Listing Agent, Cash, Conventional
- Fuel Description
- Electricity
- Heating Description
- Wall Furnace
- Hoa Rent Includes
- Sewer, Trash Collection, Water
- Hot Water Description
- Electricity
- Exterior Description
- Metal Siding, Vinyl Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Off Street
- Security Or Entry
- Entry
- Parking Description
- Off Street
- Road Surface
- Paved
- Number Of Units Total
- 6
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1345
- Unit Type One Sq Ft
- 558
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 1
- Unit Type Three Rent
- 1270
- Unit Type Three Sq Ft
- 558
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 1
- Unit Type Four Rent
- 1050
- Unit Type Four Sq Ft
- 558
- Unit Type Four Units Total
- 1
- Unit Type Five Rent
- 1244
- Unit Type Five Sq Ft
- 558
- Unit Type Five Units Total
- 1
Mortgage Calculator
Listing courtesy of Cascade Hasson Sotheby's International Realty.
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