List Search

1626 SE Alder St
Portland, OR 97214 Buckman

$900,000 USD

Apartments For Sale  •  4,813 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,813 SF
  • Lot Size 0.11 AC
  • Building Class C
  • Year Built 1903
  • Cap Rate 5.81 %
  • Zoning R2.5
59 Transit Score
95 Walk Score

Highlights

Prime location in one of Portland’s most walkable and desirable neighborhoods
Historic character and architectural appeal that stand out in the rental market
Strong rental demand with consistent occupancy in the submarket
Additional income from two rentable garages
Additional storage spaces provided to tenants
Proximity to popular dining, shopping, and entertainment districts on Belmont and Hawthorne

Property Flyers

Cap Rate: 5.81 %

Public Transportation

Commuter RailDriveWalkDistance
Portland (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak, Empire Builder - Amtrak) 7 min - 2.1 mi
Beaverton Transit Center (West Side Express) (Westside Express Service - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 20 min - 9.5 mi
Transit/SubwayDriveWalkDistance
Se Grand & Belmont (Portland Streetcar - B Loop - Portland Streetcar) 3 min 12 min 0.6 mi
Se Grand & Stark (Portland Streetcar - B Loop - Portland Streetcar) 2 min 12 min 0.7 mi
Se M L King & Morrison (Portland Streetcar - A Loop - Portland Streetcar) 2 min 13 min 0.7 mi
Se M L King & Stark (Portland Streetcar - A Loop - Portland Streetcar) 3 min 13 min 0.7 mi
Se Grand & Taylor (Portland Streetcar - B Loop - Portland Streetcar) 3 min 14 min 0.8 mi
AirportDriveWalkDistance
Portland International 20 min - 11.2 mi
Jake Holman 503-351-9027 Norris & Stevens, Inc.
Jake Holman 503-351-9027 Norris & Stevens, Inc.