1822 SE ASH ST, Portland, OR 97214
- $865,000
- 2,496
- SqFt
- Sold Price
- $865,000
- List Price
- $865,000
- Closing Date
- Mar 30, 2026
- Days on Market
- 35
- MLS#
- 789587158
- Property Type
- Multifamily
- Sqft. of Residence
- 2,496
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland Southeast
- Status
- SOLD
Property Description
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.
Additional Information
- Tax Amount
- $7,673
- Year Built
- 1976
- High School
- Cleveland
- Elementary School
- Buckman
- Middle School
- Hosford
- Acres
- 0.12
- Living Area
- 2,496
- Stories
- 2
- Subdivision
- Buckman
- Terms
- Cash, Conventional
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Baseboard, Wall Heater
- Hoa Rent Includes
- Sewer, Trash Collection, Water
- Hot Water Description
- Electricity
- Exterior Description
- Brick, T-111 Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Off Street
- Parking Description
- Off Street
- Road Surface
- Paved
- Number Of Units Total
- 3
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1870
- Unit Type One Sq Ft
- 832
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1800
- Unit Type Three Sq Ft
- 832
- Unit Type Three Units Total
- 1
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Listing courtesy of Township Properties Real Estate LLC. Selling Office: Portland's Alternative Inc., Realtors.
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.