#572561518, Parvaneh Kalantari, Listing office: Vitality Home Realty
Property details
About 1408 SE 22nd Ave
This seven-unit multifamily property is located at the corner of SE 22nd and Madison in Portland’s highly desirable Buckman neighborhood. Built in 1904, this classic eastside building offers spacious one-bedroom units, each approximately 600 square feet, featuring hardwood floors, gas ranges, and abundant natural light.The property includes on-site laundry, a full basement with storage, and off-street parking—rare amenities in this walkable, bike-friendly area. Positioned on a prominent 10,000+ SF corner lot, the building benefits from excellent visibility and proximity to SE Hawthorne and Belmont’s retail corridors, drawing strong, stable tenant demand.Current rents range from $1,225 to $1,795/month, with a projected gross income of $145,236 and a cap rate of 5.67%. Residents enjoy easy access to transit, local parks, and a vibrant food and beverage scene, all within one of Portland’s top-performing rental submarkets.With strong in-place income, upside in rents, and an irreplaceable location in one of Portland’s most beloved neighborhoods, this property presents a compelling opportunity for local investors seeking long-term value and reliable cash flow.
Highlights
Home typeOther
StatusActive
Size6,178 sqft
BasementYes
Lot size0.23 Acres
Year built1904
ParkingStreet Parking
MLS #309652379
Garage1 space
Summary
- Basement: Yes
- Flooring Type: Hardwood
- Garage Space: 1 space
- Attached Garage: No
- Parking: Street Parking
- List Price: $1,400,000
- Price/SqFt: $226
- Annual Tax Amount: $8,918
- Tax Year: 2023
- Lot: Corner Lot
- Directions: SE Hawthorne, N on 22nd Ave, Corner of 22nd & SE Madison
- Year Built: 1904
- Stories: 2
- Living Area: 6,178 SqFt
- Lot Size: 0.23 Acres
- MLS Number: 309652379
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Keller Williams Sunset Corridor
- Office Phone: (971) 235-9561
- Listing Agent: Benjamin Ficker
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/4/2025, 5:42:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 14, 2022 | Home Sold | $1,050,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $336,580 | $8,918 |
| 2022 | $326,780 | $8,725 |
| 2021 | $317,270 | $8,725 |
| 2020 | $308,030 | $8,578 |
| 2018 | $290,350 | $7,356 |
| 2017 | $281,900 | $7,051 |
History based on county public records data.
Nearby schools
7
Buckman Elementary School
Public District KG-5
0.6 mi
•320 SE 16th Ave
10
Abernethy Elementary School
Public District KG-5
0.6 mi
•2421 SE Orange Ave
8
Richmond Elementary School
Public District PK-5
1.2 mi
•2276 SE 41st Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,106. The most common annual income of people living in Portland, OR is between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
42%
<35k
46%
35k-100k
12%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
83%
Single, No Kids
3%
Single, with Kids
9%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
2%
12-17 yrs old
50%
18-34 yrs old
37%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Major League Soccer (MLS)
Art Museums
Where do the neighbors shop?
H&M
Banana Republic
Bloomingdales
Where do the neighbors go to eat?
Chipotle
Jack In The Box
Starbucks
What do the neighbors drive?
Volkswagen
Toyota
Audi
What do the neighbors listen to?
Rhythmic Contemporary Hits
Jazz
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1408 SE 22nd Ave
The listing price of 1408 SE 22nd Ave property is $1,400,000.
The property 1408 SE 22nd Ave is a house located in Portland, Oregon, 97214.
Active Listing: 1408 SE 22nd Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1408 SE 22nd Ave are: Buckman Elementary School (GreatSchools Rating 7/10), Abernethy Elementary School (GreatSchools Rating 10/10), Richmond Elementary School (GreatSchools Rating 8/10), Hosford Middle School (GreatSchools Rating 7/10), Le Monde French Immersion Public Charter School (GreatSchools Rating 8/10), Sunnyside Environmental School (GreatSchools Rating 8/10), Cleveland High School (GreatSchools Rating 5/10), Benson Polytechnic High School (GreatSchools Rating 9/10), Franklin High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $8,918 (source: MLS/based on county public records data).
The last sale was on November 14, 2022 for $1,050,000 (source: MLS/tax record).
The property at 1408 SE 22nd Ave has 0 bathroom.
The property 1408 SE 22nd Ave is 6,178 SqFt (source: MLS/tax record).
The year of construction for 1408 SE 22nd Ave is 1904.
This home is located at 1408 SE 22nd Ave in Portland, OR and zip code 97214 in the Southeast Portland neighborhood. This 6,178 square foot home, which was built in 1904, sits on a 0.23 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since July 3, 2025 and is currently priced at $1,400,000.
Over 355 listings were sold over their listed price in June 2025 in Portland, OR. In the same period over 352 listings were sold below the listed price and 190 listings were sold for the listed price. Between May and June 2025, Portland, OR real estate market has seen increase in the number of listings by 4.6%. Listings spent 39 days on the market in June 2025, and had a median list price of $551,126 during the same period.
From Rocket Homes Real Estate and based on county public records data.