- ADDRESS:
- 1822 SE ASH ST Portland, OR 97214
- Price:
- $865,000
- Units:
- 3
- Acres:
- 0.12
- Unit 1:
-
2 Bed
1.0 Bath
$1,870/mo
Features: Deck, Dishwasher, Storage, Washer/Dryer Hookup - Unit 2:
-
2 Bed
1.0 Bath
$1,825/mo
Features: Deck, Dishwasher, Storage, Washer/Dryer Hookup - Unit 3:
-
2 Bed
1.0 Bath
$1,800/mo
Features: Deck, Dishwasher, Storage, Washer/Dryer - MLS#:
- 789587158
- Lot Size:
- 5,000 to 6,999 SqFt
- Type:
- Multi
- Zone:
- R2.5
- Yr Built:
- 1976
- Taxe/yr:
- $7,673.64
- County:
- Multnomah
- Status:
- Active
- Levels:
- 2
- Heat:
- Baseboard, WallHeater
- Nhood/Bldg:
- Buckman
- Elem:
- Buckman
- Middle:
- Hosford
- High:
- Cleveland
- Lot Desc:
- Level
- Area:
- Portland Southeast
- Courtesy of:
- Township Properties Real Estate LLC
- Remarks:
- Ideally situated in the highly sought-after Buckman neighborhood, between E Burnside St and SE Stark St, this tri-plex combines strong rental income with an ideal rental location. All three units are 2 bedroom / 1 bathroom townhomes with spacious living rooms, washer / dryer hookups & dining areas off the kitchen leading to private patios. The property has been very well managed and maintained, including new siding in 2020, a new roof in 2024 & new fencing in 2026. Additionally, the units have been nicely updated as needed upon turnover with new appliances, flooring and doors. Each unit enjoys one off-street parking spot. With reliable renters & a proven income record, this is an opportunity to own a stable, low-maintenance investment in one of Portland’s most desirable close-in locations. At a 5.29% cap rate & 13.12 GRM, this property provides steady cash flow from day one. With current market rents & low turnover, investors can expect consistent returns & long-term value growth.