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Additional details
Listed by Rarebird Real Estate
$ 660,000
Est. payment /mo
Price Dropped by $35K
942 SE 16th AVE Portland, OR 97214
3,406 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,406 sqft
Price per Sqft $193
Subdivision Buckman
MLS Listing ID 780946911
Year Built 1904
Annual Tax Amount $8,761
Tax Year 2025
Lot Size 4,791 Sqft
Property Description
The Buckman Fourplex is a well-located 1904 vintage asset in the heart of Southeast Portland's highly desirable Buckman neighborhood. Positioned on a quiet residential street just minutes from Hawthorne, Belmont, and Division corridors, the property offers residents immediate access to some of Portland's best dining, retail, and entertainment options. The neighborhood's strong walkability, bike infrastructure, and proximity to downtown Portland continue to support long-term rental demand.The property consists of four residential units totaling approximately 2,454 rentable square feet on a 4,600 SF lot. The unit mix includes two spacious studio apartments and two one-bedroom units, all featuring efficient layouts with above-average square footage for the area. Built in 1904, the building retains classic early-20th-century charm while offering functional living spaces attractive to today's renters. Amenities include shared laundry in the basement and a partial utility bill-back system. Parking is street-only.This offering presents a compelling opportunity to acquire a character fourplex in one of Portland's most established and supply-constrained eastside neighborhoods. With strong in-place tenancy and clear upside potential through future rent adjustments and operational optimization, the Buckman Fourplex is well-suited for investors seeking stable, long-term performance with value-add opportunity in a premier Southeast Portland location.
Location
State OR
County Multnomah
Community Laundry
Area _143
Zoning R5
Rooms
Basement Partial Basement, Unfinished
Interior
Heating Wall Heater
Cooling None
Exterior
Community Features Laundry
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Buckman
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing Cash, Conventional, VALoan
Listing Terms Cash, Conventional, VALoan
Amenities & Attractions