1414 SE LAMBERT ST Portland, OR 97202 (Off Market)

For Sale, USD 899,000


1414 SE LAMBERT ST, Portland, OR, 97202,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 4,348 ft² / 404 m²

Land Size : 5,227 ft² / 486 m² Convert Land Size

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: 126667965


Property Description

Excellent investment opportunity in the heart of Sellwood-Westmoreland. This 6-unit property is offered at $899,000, or approximately $150,000 per unit, with a documented 2025 NOI of $51,324 and a 5.71% cap rate at list price. The unit mix includes two 2-bedroom/1-bath units and four 1-bedroom/1-bath units, with professional property management currently in place. The building offers shared laundry, basement storage, newer plumbing, and a level lot in one of Southeast Portland's most desirable rental locations. Just blocks from the shops, restaurants and neighborhood amenities along SE 13th, with convenient access to transit, parks and the Springwater Corridor. Current rents provide additional upside as leases turn over, while the existing income offers investors an established operating history. A compelling opportunity to acquire a close-in Portland multifamily asset with six units, strong rental demand and long-term income potential.
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1414 SE LAMBERT ST Portland, OR 97202, United States,Oregon,Portland is a 4,348ft² Portland luxury Multi-Family Home listed for sale USD 899,000. This high end Portland Multi-Family Home is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Portland or search for luxury properties for sale in Portland.