Commercial > Multi-family / Apartments
Active
07/03/2025
List Price
$1,350,000$219/ft²
1408 22nd Ave
Portland, OR 97214
- -Bed
- 7Baths
- 6,178ft²Living Area
- 10,019ft²Lot Size
- -Pool
- 1Car
- 1904Year Built
- 115DOM
- 2Permits
1408 22nd Ave, Portland, OR 97214 is a 7 bath, 6,178 ft² multi-family/apartments property built in 1904 on a 0.230 acre lot with 2 construction permits. This multi-family/apartments is currently on the market for $1,350,000, and it was last sold in 2022 for $1,050,000.
MLS Description
The listing agent's description. Original Listing
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 off-street parking—rare amenities in this walkable, bike-friendly area. Positioned on a prominent 10,000+ SF corner lot, the building benefits from excellent visibility and proximity to SE Hawthorne and Belmont’s retail corridors, drawing strong, stable tenant demand.Current rents range from $1,225 to $1,795/month, with a projected gross income of $145,236 and a cap rate of 5.67%. Residents enjoy easy access to transit, local parks, and a vibrant food and beverage scene, all within one of Portland’s top-performing rental submarkets.With strong in-place income, upside in rents, and an irreplaceable location in one of Portland’s most beloved neighborhoods, this property presents a compelling opportunity for local investors seeking long-term value and reliable cash flow.
Listing Agents
The listing agent for 1408 22nd Ave is Benjamin Ficker.
BF
Benjamin Ficker
Keller Williams Sunset Corridor
Phone: (503) 270-5700
Permits
1408 22nd Ave has 2 permit records.
Permit History
2
Permits
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2024$9,275.29From latest Total Assessed Value2.68%Total Assessed Value$346,670=Land+
Assessed Value$0Additions
Assessed Value$0
In 2024, taxes billed for 1408 22nd Ave were $9,275.29, which is 2.68% from latest Total Assessed Value of $346,670.
Property History
1408 22nd Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 1408 22nd Ave
Hazard Risks
Earthquake183Lead153Carb Mono130Air Pollution111Ozone107Nat'l Avg100Particulates92Tornado15Weather6Hail2Wind2Hurricane0
11 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 1408 22nd Ave.
Walkability Index
19 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
1408 22nd Ave has a walkability score of 19 out of 20, which means that it is in a most walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
36°F
High
48°F
Summer
Average
Low
54°F
High
78°F
In the winter at 1408 22nd Ave, temperatures range from 35.53°F to 47.55°F with an average of 41.54°F. In the summer, the temperature ranges from 53.62°F to 77.94°F with and average of 65.78°F.
School Information
Public/private schools serving 1408 22nd Ave
Public Schools
Franklin High School
Grades: 9-12
1.90 mi
C+
Sunnyside Environmental School
Grades: KG-8
0.71 mi
C+
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 1408 22nd Ave have ratings undefined, and undefined.
Neighborhood
This property is located in Buckman, Portland, OR 97214.
Seasonal Housing units 97214
10%of housing is for seasonal rent.
Daytime Population for 97214
+57%of people during work hours.
Crime Index for 97214
126
126
The crime index in 97214 is 126, which is 1.3 times higher than national average.
Market Trends
Historical market data near 1408 22nd Ave over selected time period.
Nearby Properties on 22nd Ave
- 2824 Se 22nd Ave, Portland, OR 97202 (Home Addition) is a 2,595 square foot, 4 bedroom, 3 bathroom, 0.11 acre property. It was built in 1922 and has an estimate of $991,794 with a price per ft² of $382.
- 211 Se 22nd Ave, Portland, OR 97214 (Dunn's Addition) is a 1,712 square foot, 3 bedroom, 2.25 bathroom, 0.09 acre property. It was built in 1909 and has an estimate of $774,252 with a price per ft² of $452.
- 2126 Ne 22nd Ave, Portland, OR 97212 (Irvington) is a 2,966 square foot, 7 bedroom, 1 bathroom, 0.11 acre property. It was built in 1910 and has an estimate of $1,581,917 with a price per ft² of $533.
- 507 Nw 22nd Ave, Portland, OR 97210 (King's Second Addition) is a 0.23 acre property.
- 6506 Se 22nd Ave, Portland, OR 97202 (Westmoreland) is a 1,216 square foot, 3 bedroom, 1 bathroom, 0.11 acre property. It was built in 1927 and has an estimate of $649,202 with a price per ft² of $534.
- 3733 Ne 22nd Ave, Portland, OR 97212 (Alameda Park) is a 1,676 square foot, 3 bedroom, 2 bathroom, 0.11 acre property. It was built in 1932 and has an estimate of $809,691 with a price per ft² of $483.
- 6918 Ne 22nd Ave, Portland, OR 97211 (Irvington Park) is a 1,460 square foot, 3 bedroom, 1 bathroom, 0.11 acre property. It was built in 1943 and has an estimate of $538,061 with a price per ft² of $369.
- 128 Se 22nd Ave #Unit A, Portland, OR 97214 (Dunn's Addition) is a 1,491 square foot, 3 bedroom, 3 bathroom, 0.05 acre property. It was built in 1902 and has an estimate of $744,728 with a price per ft² of $499.
- 5412 Ne 22nd Ave, Portland, OR 97211 (Concordia) is a 1,491 square foot, 2 bedroom, 1 bathroom, 0.11 acre property. It was built in 1908 and has an estimate of $671,524 with a price per ft² of $450.
- 5620 Ne 22nd Ave, Portland, OR 97211 (Irvington Park) is a 2,480 square foot, 3 bedroom, 1 bathroom, 0.11 acre property. It was built in 1927 and has an estimate of $717,472 with a price per ft² of $289.
- 2223 Se 22nd Ave, Portland, OR 97214 (Mayheu Park) is a 1,232 square foot, 3 bedroom, 1 bathroom, 0.11 acre property. It was built in 1926 and has an estimate of $754,629 with a price per ft² of $613.
- 7125 Se 22nd Ave, Portland, OR 97202 (Westmoreland) is a 1,378 square foot, 2 bedroom, 1 bathroom, 0.11 acre property. It was built in 1924 and has an estimate of $615,465 with a price per ft² of $447.
- 1837 Se 22nd Ave, Portland, OR 97214 (Colonial Heights) is a 3,021 square foot, 4 bedroom, 2 bathroom, 0.11 acre property. It was built in 1925 and has an estimate of $1,124,191 with a price per ft² of $372.
- 4620 Ne 22nd Ave, Portland, OR 97211 (Concordia) is a 1,661 square foot, 3 bedroom, 1 bathroom, 0.11 acre property. It was built in 1942 and has an estimate of $752,648 with a price per ft² of $453.
- 808 Nw 22nd Ave, Portland, OR 97210 (King's Second Addition) is a 1,968 square foot, 2 bedroom, 3.25 bathroom, 0.06 acre property. It was built in 1991 and has an estimate of $902,250 with a price per ft² of $458.
- 5037 Ne 22nd Ave, Portland, OR 97211 (Vernon) is a 1,690 square foot, 3 bedroom, 2 bathroom, 0.11 acre property. It was built in 1913 and has an estimate of $657,830 with a price per ft² of $389.
- 6323 Se 22nd Ave, Portland, OR 97202 (Westmoreland) is a 2,205 square foot, 3 bedroom, 2 bathroom, 0.11 acre property. It was built in 1925 and has an estimate of $820,334 with a price per ft² of $372.
- 6614 Se 22nd Ave, Portland, OR 97202 (Westmoreland) is a 1,218 square foot, 3 bedroom, 2 bathroom, 0.11 acre property. It was built in 1928 and has an estimate of $674,956 with a price per ft² of $554.
- 5400 Ne 22nd Ave, Portland, OR 97211 (Concordia) is a 1,532 square foot, 3 bedroom, 2 bathroom, 0.08 acre property. It was built in 1911 and has an estimate of $722,331 with a price per ft² of $471.
- 6836 Se 22nd Ave, Portland, OR 97202 (Westmoreland) is a 720 square foot, 2 bedroom, 1 bathroom, 0.11 acre property. It was built in 1951 and has an estimate of $543,108 with a price per ft² of $754.
- 6905 Se 22nd Ave, Portland, OR 97202 (Westmoreland) is a 2,846 square foot, 2 bedroom, 2 bathroom, 0.11 acre property. It was built in 1927 and has an estimate of $840,704 with a price per ft² of $295.
- 1408 Se 22nd Ave, Portland, OR 97214 (Buckman) is a 4,178 square foot, 7 bathroom, 0.23 acre property.
- 3813 Ne 22nd Ave, Portland, OR 97212 (Alameda Park) is a 1,660 square foot, 4 bedroom, 1 bathroom, 0.11 acre property. It was built in 1924 and has an estimate of $734,560 with a price per ft² of $443.
- 3827 Ne 22nd Ave, Portland, OR 97212 (Alameda Park) is a 2,588 square foot, 3 bedroom, 3 bathroom, 0.11 acre property. It was built in 1926 and has an estimate of $916,154 with a price per ft² of $354.
- 5525-5527 Se 22nd Ave, Portland, OR 97202 (Floral Park) is a 1,708 square foot, 4 bedroom, 2 bathroom, 0.1 acre property. It was built in 1974 and has an estimate of $656,900 with a price per ft² of $385.
- View more properties on 22nd Ave