423 SE 28TH AVE, Portland, OR 97214

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Sold Price
$867,000
List Price
$850,000
Closing Date
Dec 09, 2025
Days on Market
35
MLS#
615772527
Property Type
Multifamily
Lot Size
0K to 2, 999 SqFt
Region
Portland Southeast
Status
SOLD

Property Description

Located in Southeast Portland’s Buckman neighborhood, this charming fourplex offers vintage appeal, solid condition, and outstanding investment potential. Each of the four one-bedroom, one-bath units features classic Portland foursquare details—beautiful woodwork, tall ceilings, and large windows that bring in plenty of natural light. The upper units enjoy unique bonus rooms tucked into the attic—perfect for an office, creative space, or additional storage. Access to the basement from the upper units is through an interior spiral staircase—the lower units enter the basement from the exterior doors at the front of the property. One unit is currently vacant and move-in ready, freshly painted with new carpet—ideal for an owner-occupant or as an easy rental. With its well-maintained condition and strong rental location near cafes, parks, and public transit, this property is a rare find for both investors and buyers seeking to live in one unit while generating income from the others.

Additional Information

Tax Amount
$6,811
Year Built
1911
High School
Franklin
Elementary School
Winterhaven
Middle School
Winterhaven
Acres
0.06
Stories
3
Subdivision
BUCKMAN / BELMONT
Terms
Cash, Conventional, FHA
Cooling Description
None
Fuel Description
Gas
Heating Description
Forced Air
Hoa Rent Includes
Trash Collection
Exterior Description
Wood Siding
Roof Type
Composition
Sewer Description
Public Sewer
Road Surface
Paved
Number Of Units Total
4
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Rent
1430
Unit Type One Sq Ft
1202
Unit Type One Units Total
2
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Units Total
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Windermere Heritage. Selling Office: Premiere Property Group, LLC.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.