1414 SE LAMBERT ST

Portland, OR 97202
Square Ft.
4,348
$899,000
Excellent investment opportunity in the heart of Sellwood-Westmoreland. This 6-unit property is offered at $899,000, or approximately $150,000 per unit, with a documented 2025 NOI of $51,324 and a 5.71% cap rate at list price. The unit mix includes two 2-bedroom/1-bath units and four 1-bedroom/1-bath units, with professional property managementRead MoreRead Less
Listing courtesy of Cascade Hasson Sotheby's International Realty.
Listing Snapshot
Days Online
1
Last Updated
Square Ft.
4,348
Lot Size
0.12 Acres
Year Built
1907
MLS Number
126667965
30 Days Snapshot Of 97202
$754k
+5%
(avg) sold price
39
-25%
homes sold
45
+36%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: StorageSpace
Building
Building Area Total: 4348, Built in 1907, Storage: Basement, Stories: 3, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
Community
Community Features: Laundry
Disclosures
Disclosures: Disclosure
Expenses
Operating Expense Scheduled: 25000, Operating Expense: $24,672
Exterior Features
Exterior Description: MetalSiding, VinylSiding
Foundation
Foundation Details: ConcretePerimeter, Slab
Heating
Heating: WallFurnace
Income
CAP Rate: 5.71, Gross Income: $75,995, Gross Rent Multiplier: 11.83, Gross Scheduled Income: $93,600, Net Operating Income: $51,323, Net Scheduled Income: 68600
Lot
Features: Level, Size Acres: 0.12, Size Range: SqFt5000to6999, Size Square Feet: 5,227, Size: 5,000 to 6,999 SqFt
Miscellaneous
Investor Information: AnnualPropertyOperationData, Leases, ProfitLossStatement, RentRecords
Parking
Features: OffStreet, 2 total parking spots
Property
Number Of Units Total: 6, Property Condition: Approximately, Zoning: R5
Roof
Roof: Composition
Security Features
Features: Entry
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $8,633, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $1,345, Area: 558, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Two
Actual Rent: $1,200, Area: 558, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Three
Actual Rent: $1,270, Area: 558, Features: Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Four
Actual Rent: $1,050, Area: 558, Features: Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Five
Actual Rent: $1,244, Area: 558, Features: Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Six
Area: 558, Features: Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater
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Erika George and Kari McGee
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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.
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.