1626 SE ALDER ST, Portland, OR 97214
- $900,000
- 4,813
- SqFt
- Sold Price
- $900,000
- List Price
- $900,000
- Closing Date
- May 14, 2026
- Days on Market
- 218
- MLS#
- 139651965
- Property Type
- Multifamily
- Sqft. of Residence
- 4,813
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland Southeast
- Status
- SOLD
Property Description
Norris & Stevens Inc., is pleased to present for purchase this 7-unit multi-family property located at 1626 SE Alder Street, Portland, OR 97214. Built in 1903, the asset is comprised of five 1-bedroom/1-bath units and two studio units. Positioned in a prime pocket of Southeast Portland’s Buckman neighborhood, the property offers immediate access to the Belmont retail corridor as well as the nearby Hawthorne District, Central Eastside, and downtown Portland. The location provides excellent walkability, bike access, and connectivity to major employment and lifestyle hubs, ensuring consistent rental demand. The property also presents a value-add opportunity through unit renovations, common area improvements, and bringing rents in line with market levels. With strong fundamentals, upside potential, and a highly desirable location, 1626 SE Alder represents a rare opportunity to invest in one of Portland’s most active submarkets.
Additional Information
- Tax Amount
- $10,709
- Year Built
- 1903
- High School
- Other
- Elementary School
- Buckman
- Middle School
- Hosford
- Garage Spaces
- 2
- Acres
- 0.11
- Living Area
- 4,813
- Stories
- 3
- Subdivision
- BUCKMAN
- Terms
- Call Listing Agent
- Fuel Description
- Electricity, Gas
- Heating Description
- Baseboard, Wall Heater
- Hoa Rent Includes
- None
- Exterior Description
- Wood Siding
- Roof Type
- Composition, Shingle
- Sewer Description
- Public Sewer
- Parking
- Driveway, Garage
- Parking Description
- Driveway, Garage
- Road Surface
- Paved
- Number Of Units Total
- 7
- Unit Type One Baths Total
- 1
- Unit Type One Rent
- 1078
- Unit Type One Sq Ft
- 272
- Unit Type One Units Total
- 2
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 1
- Unit Type Two Units Total
- 2
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 1
- Unit Type Three Rent
- 1123
- Unit Type Three Sq Ft
- 490
- Unit Type Three Units Total
- 3
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Listing courtesy of Norris & Stevens Investment Real Estate Services. Selling Office: Neighborhood Works.
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.