1626 Se ALDER St, Portland, OR 97214

• 4,813 sqft

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.

Listing Status:

Active

Date Added:

October 8, 2025 at 05:00AM

Listing Office:

Norris & Stevens Investment Real Estate Services : 503-223-3171

Listing Agent:

David Keys : 503-223-3171

MLS ID:

139651965

Interior

• Basement: Full basementStorage spaceUnfinished
• Heating: BaseboardWall heater

Exterior

• General: Wood siding
• Parking: DrivewayGarageParking spaces: 2

Construction

• Roofing: CompositionShingle

Location

• Road/Access: Paved
• Golf: Laundry
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Multnomah

Lot

• Zoning: R2.5BELLEVIEW ADDLOT 7R114331

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.

This listing courtesy of David Keys, Norris & Stevens Investment Real Estate Services