1414 SE LAMBERT ST Portland, OR 97202

ADDRESS:: 1414 SE LAMBERT ST Portland, OR 97202
Price:: $900,000
Units:: 6
Acres:: 0.12
Unit 1:: 2 Bed 1.0 Bath $1,350/mo
Features: Range, Refrigerator
Unit 2:: 2 Bed 1.0 Bath $1,270/mo
Features: Range, Refrigerator
Unit 3:: 1 Bed 1.0 Bath $1,191/mo
Features: Refrigerator
Unit 4:: 1 Bed 1.0 Bath $1,050/mo
Features: Refrigerator
Unit 5:: 1 Bed 1.0 Bath $1,200/mo
Features: Refrigerator
Unit 6:: 1 Bed 1.0 Bath $1,140/mo
Features: Refrigerator
MLS#:: 289486381
Lot Size:: 5,000 to 6,999 SqFt
Type:: Multi
Zone:: R5
Yr Built:: 1907
Taxe/yr:: $8,633.16
County:: Multnomah
Status:: Active
Levels:: 3
Heat:: Wall Furnace
Nhood/Bldg:: SELLWOOD - WEST MORELAND
Elem:: Llewellyn
Middle:: Sellwood
High:: Cleveland
Lot Desc:: Level
Area:: Portland Southeast
Courtesy of:: NextHome Realty Connection
Remarks:: Stabilized Sellwood 6-plex at $150,000/unit with 100% occupancy, professional management, newer plumbing, shared laundry, storage, and a highly walkable location near SE 13th, West Moreland, transit, parks, and Springwater Corridor. Current cap rate: 5.7%. Market-rent upside: $1,467/month. Current NOI: $51,324. Pro forma NOI: $68,600. Ideal for investors seeking a low-vacancy close-in Portland asset with long-term rental demand.

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