Well-maintained mid-century 4-plex in coveted inner SE features long-term tenants with good variety of unit types (inc. a 3-2), plus garage and laundry income to create really strong NOI compared to other 4-unit buildings. Close to Laurelhurst Park, Whole Foods, and shops and restaurants along 28th. Walkable to everything including downtown. Solid 1960s construction with many updates and low maintenance. Some rents slightly behind market. All garages rented at or above market rates.
Last Agent to Sell the Property
Element Realty LLC License #201222830 Listed on: 04/21/2022
Home Type
Est. Annual Taxes
Year Built
Home Design
Kitchen
Parking
Additional Features
Community Details
Listing and Financial Details
$1,095,000
LOCATION could not be sweeter on for this 5-plex just 1 block from Grand Central Bakery and all of the delights of Hawthorne St. Uniquely situation on the corner of Madison and SE 23rd, this 5 unit complex has 5 distinct layouts including 1 2/1 Unit and 4 1/1 Units: the "penthouse" spanning the entire upstairs and includes a den. This home has been beautifully maintained and includes gas stoves
Merilee Lloyd Mal & Seitz
$1,100,000
Great Investment Opportunity – Duplex on Corner Lot with 3-Car Garage. Vintage mid-century duplex presents a unique opportunity for investors and developers alike. Situated on a prime corner lot in the highly sought-after Mt. Tabor neighborhood, this property offers a blend of classic mid-century style, rental income, and exciting multiple development potentials. Keep the duplex and develop north
Suzanne Clark Cascade Hasson Sotheby's International Realty
$975,000
OPEN Sun 7/13 1-3pm! Come explore this grand & versatile Queen Anne Victorian, to use as 3Plex or love it as a whole house! Attractive seller financing may be possible. Airbnb for 1 or more units may be allowed. Stunning "owner's unit" upstairs, over 1850 sq ft. Benefit from a lucrative rental income while living a vibrant urban lifestyle in the heart of exciting NW Portland. Located in a coveted
Laurie Sonnenfeld Laurie Sonnenfeld Realty
$1,175,000
New price on this solid Mid-century 4 Plex. Variety of units for rich returns. Lots of opportunity to increase return on investment with this buy. Estimated 6.97 Cap Rate could be easy to reach based on market rents on newly updated units. Updates done in 2025 include (in some or all vacant units) interior paint, kitchen and bathroom fans and fixtures, lighting, flooring, cadet heaters. Four
Teri Toombs Wood Land Realty
$1,235,000
Live in One, Rent the Others – Modern Tri-Plex in the Heart of Kerns!Rare opportunity to own a stylishly updated tri-plex in Portland’s vibrant Kerns neighborhood—ranked the #5 Coolest Neighborhood in the World by Time Out and A+ by Niche. This is the ideal setup for an owner-occupant looking to offset housing costs, multi-generational living, or even a group purchase where each buyer occupies a
Matt Mahaffy Windermere Realty Trust
$1,315,000
Park like setting in this one of a kind eco friendly 5 unit multifamily investment in A+ Buckman location. Situated up and off the street, this mid-century plex was entirely renovated in 2010/2011 with no expense spared! With modern touches, solar panels & durable materials, the Dawg Terrace is built to last and provide a low maintenance and easy to enjoy investment. Fully leased investment with
Hope Beraka Think Real Estate
$1,300,000
Check out the location! Two triplexes side by side on two separate tax lots being sold together. Great close-in location with walkability drives consistent interest. Great income with historically longterm tenants. Low rents on most units offers great potential for increase income and upside. Both off street and on street parking. Some recent updates in the kitchen with newer appliances.
Chris Suarez Keller Williams Sunset Corridor
$1,000,000
Well-kept 1926 fourplex in the highly desirable Sunnyside neighborhood. Each unit has its own private basement and features vintage charm that hasn’t been over-renovated: hardwood floors, classic tile, original built-ins. Strong rents, low vacancy. Extra income through leased garage spaces. Owner occ opportunity - one unit & one garage vacant. Walk Score 95, Bike Score 100. Blocks to Belmont,
Eric Guess Rarebird Real Estate
$1,400,000
This seven-unit multifamily property is located at the corner of SE 22nd and Madison in Portland’s highly desirable Buckman neighborhood. Built in 1904, this classic eastside building offers spacious one-bedroom units, each approximately 600 square feet, featuring hardwood floors, gas ranges, and abundant natural light.The property includes on-site laundry, a full basement with storage, and
Benjamin Ficker Keller Williams Sunset Corridor
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | -- | |
| Warranty Deed | $1,192,000 | Fidelity National Title | |
| Warranty Deed | $492,500 | Fidelity Natl Title Co Of Or | |
| Bargain Sale Deed | $184,500 | Transnation Title Agency Or | |
| Warranty Deed | $263,000 | Ticor Title Insurance Compan |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $546,700 | Balloon | |
| Previous Owner | $580,000 | New Conventional | |
| Previous Owner | $369,375 | Purchase Money Mortgage | |
| Previous Owner | $287,000 | Purchase Money Mortgage | |
| Previous Owner | $236,437 | Purchase Money Mortgage |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | Price Changed | $1,175,000 | -1.7% | $363 / Sq Ft |
| 06/07/2025 06/07/25 | Price Changed | $1,195,000 | -0.4% | $369 / Sq Ft |
| 04/24/2025 04/24/25 | Price Changed | $1,200,000 | -2.0% | $370 / Sq Ft |
| 04/04/2025 04/04/25 | Price Changed | $1,225,000 | -2.0% | $378 / Sq Ft |
| 03/14/2025 03/14/25 | For Sale | $1,250,000 | +4.9% | $386 / Sq Ft |
| 08/08/2022 08/08/22 | Sold | $1,192,000 | -4.6% | $368 / Sq Ft |
| 06/20/2022 06/20/22 | Pending | -- | -- | -- |
| 05/20/2022 05/20/22 | Price Changed | $1,250,000 | 0.0% | $386 / Sq Ft |
| 05/20/2022 05/20/22 | For Sale | $1,250,000 | -3.5% | $386 / Sq Ft |
| 05/12/2022 05/12/22 | Pending | -- | -- | -- |
| 04/21/2022 04/21/22 | For Sale | $1,295,000 | -- | $400 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $10,395 | $392,280 | $0 | $0 |
| 2022 | $10,170 | $380,860 | $0 | $0 |
| 2021 | $9,998 | $369,770 | $0 | $0 |
| 2020 | $9,171 | $359,000 | $0 | $0 |
| 2019 | $8,834 | $348,550 | $0 | $0 |
| 2018 | $8,574 | $338,400 | $0 | $0 |
| 2017 | $8,218 | $328,550 | $0 | $0 |
| 2016 | $7,521 | $318,990 | $0 | $0 |
| 2015 | $7,324 | $309,700 | $0 | $0 |
| 2014 | $7,213 | $300,680 | $0 | $0 |
Seller's Agent in 2025
Teri Toombs
Wood Land Realty
(503) 522-1691
1 in this area
121 Total Sales
Seller Co-Listing Agent in 2025
Reg Martocci
Wood Land Realty
(508) 340-1456
133 Total Sales
D
Seller's Agent in 2022
Darren Stowell
Element Realty LLC
(503) 789-7908
1 in this area
17 Total Sales
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 22322109
APN: R214625
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