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1925 SE Alder St 1925 SE Alder St 5 Unit Apartment Building $699,999 ($140,000/Unit) 6.85% Cap Rate Portland, OR 97214
Executive Summary
HFO Investment Real Estate is pleased to present this five-unit multifamily opportunity located in Portland’s highly sought-after Buckman neighborhood. Built in 1890, the property offers a rare combination of historic character, recent capital improvements, and an exceptional inner-southeast location with walkable access to neighborhood amenities, parks, grocery stores, restaurants, and downtown Portland employment centers. The efficient unit mix consists of one two-bedroom apartment and four one-bedroom apartments, catering to the strong demand for attainable urban housing. Residents benefit from high ceilings, central forced-air heating, private storage, on-site laundry, off-street parking, and large backyard space. Recent improvements, including a newer roof and a fully renovated two-bedroom unit completed in 2025, help minimize near-term capital expenditures while preserving the vintage charm that continues to attract renters to Portland’s historic eastside neighborhoods.
Property Facts
| Price | $699,999 | Apartment Style | Townhome |
| Price Per Unit | $140,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.85% | Building Size | 3,200 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | ||
| Zoning | RM2 | ||
| Price | $699,999 |
| Price Per Unit | $140,000 |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 3,200 SF |
| No. Stories | 2 |
| Year Built | 1890 |
| Zoning | RM2 |
Amenities
Unit Amenities
- Storage Space
- Washer/Dryer
- Heating
- Bay Window
- Tile Floors
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Basement
- Freezer
- Lawn
- Vinyl Flooring
Site Amenities
- Vintage Building
- Private Bathroom
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
| 2+1 | 1 | - | 800 |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R167924 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $486,240 |
Property Taxes
Parcel Number
R167924
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$486,240
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