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Listed by NextHome Realty Connection
$ 899,000
Est. payment /mo
Price Dropped by $1K
1414 SE LAMBERT ST Portland, OR 97202
4,348 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,348 sqft
Price per Sqft $206
Subdivision Sellwood - West Moreland
MLS Listing ID 289486381
Year Built 1907
Annual Tax Amount $8,633
Tax Year 2025
Lot Size 5,227 Sqft
Property Description
Stabilized Sellwood 6-plex at $150,000/unit with 100% occupancy, professional management, newer plumbing, shared laundry, storage, and a highly walkable location near SE 13th, West Moreland, transit, parks, and Springwater Corridor. Current cap rate: 5.7%. Market-rent upside: $1,467/month. Current NOI: $51,324. Pro forma NOI: $68,600. Ideal for investors seeking a low-vacancy close-in Portland asset with long-term rental demand.
Location
State OR
County Multnomah
Community Laundry
Area _143
Zoning R5
Rooms
Basement Full Basement, Storage Space
Interior
Heating Wall Furnace
Exterior
Community Features Laundry
Roof Type Composition
Garage No
Building
Lot Description Level
Story 3
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Llewellyn
Middle Schools Sellwood
High Schools Cleveland
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS