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 management currently in place. The building offers shared laundry, basement storage, newer plumbing, and a level lot in one of Southeast Portland's most desirable rental locations. Just blocks from the shops, restaurants and neighborhood amenities along SE 13th, with convenient access to transit, parks and the Springwater Corridor. Current rents provide additional upside as leases turn over, while the existing income offers investors an established operating history. A compelling opportunity to acquire a close-in Portland multifamily asset with six units, strong rental demand and long-term income potential.
Active
Price cut: $89K (9/22)
$810,000
1414 SE Lambert St, Portland, OR 97202
8beds
4,348sqft
Multi Family
Built in 1907
-- sqft lot
$-- Zestimate®
$186/sqft
$-- HOA
What's special
Level lotNewer plumbingBasement storageShared laundry
- 51 days
- 652
- 27
Zillow last checked:
Listing updated:
Listed by:
Jim McCartan 503-314-2100,
Cascade Hasson Sotheby's International Realty,
Joe McCartan 971-400-0017,
Cascade Hasson Sotheby's International Realty
Source: RMLS (OR),MLS#: 126667965
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Wall Furnace
Appliances
- Included: Range, Refrigerator, Electric Water Heater
- Laundry: Common Area
Features
- Basement: Storage Space
Interior area
- Total structure area: 4,348
- Total interior livable area: 4,348 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off Street
Features
- Stories: 3
Lot
- Size: 5,227 Square Feet
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: R219342
- Zoning: R5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Metal Siding, Vinyl Siding
- Foundation: Concrete Perimeter, Slab
- Roof: Composition
Condition
- Approximately
- Year built: 1907
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Laundry
- Security: Entry
- Subdivision: Sellwood - Moreland
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $186/sqft
- Annual tax amount: $8,633
- Date on market: 8/15/2026
- Listing terms: Call Listing Agent,Cash,Conventional
- Total actual rent: 6109
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2026 | Price change | $810,000-9.9%$186/sqft |
Source:  RMLS (OR) #126667965 Report a problem | ||
| 8/16/2026 | Listed for sale | $899,000$207/sqft |
Source: RMLS (OR) #126667965 Report a problem | ||
| 5/31/2026 | Listing removed | $899,000$207/sqft |
Source:  NextHome #289486381 Report a problem | ||
| 5/20/2026 | Price change | $899,000-0.1%$207/sqft |
Source: NextHome #289486381 Report a problem | ||
| 4/29/2026 | Price change | $900,000-2.7%$207/sqft |
Source: NextHome #289486381 Report a problem | ||
| 3/20/2026 | Listed for sale | $925,000$213/sqft |
Source: NextHome #289486381 Report a problem | ||
| 2/24/2026 | Pending sale | $925,000$213/sqft |
Source: NextHome #289486381 Report a problem | ||
| 2/16/2026 | Price change | $925,000+2.8%$213/sqft |
Source: NextHome #289486381 Report a problem | ||
| 2/13/2026 | Listed for sale | $900,000-17.4%$207/sqft |
Source: NextHome #289486381 Report a problem | ||
| 12/7/2024 | Listing removed | $1,090,000$251/sqft |
Source: NextHome #24372828 Report a problem | ||
| 11/13/2024 | Price change | $1,090,000-8.4%$251/sqft |
Source: NextHome #24372828 Report a problem | ||
| 9/3/2024 | Listed for sale | $1,190,000+70%$274/sqft |
Source: NextHome #24372828 Report a problem | ||
| 1/9/2016 | Listing removed | $895 |
Source: Holland Properties, Inc. Report a problem | ||
| 12/18/2015 | Listed for rent | $895 |
Source: Holland Properties, Inc. Report a problem | ||
| 10/30/2015 | Sold | $699,999$161/sqft |
Source: RMLS (OR) #15464728 Report a problem | ||
| 8/9/2015 | Pending sale | $699,999$161/sqft |
Source: Hasson Company Realtors #15464728 Report a problem | ||
| 8/1/2015 | Listed for sale | $699,999+59.5%$161/sqft |
Source: Hasson Company Realtors #15464728 Report a problem | ||
| 7/22/2013 | Listing removed | $439,000$101/sqft |
Source: Premiere Property Group, LLC #13316263 Report a problem | ||
| 6/20/2013 | Listed for sale | $439,000$101/sqft |
Source: Premiere Property Group, LLC #13316263 Report a problem | ||
| 4/24/2013 | Listing removed | $439,000$101/sqft |
Source: Premiere Property Group, LLC #13316263 Report a problem | ||
| 3/31/2013 | Listed for sale | $439,000$101/sqft |
Source: Premiere Property Group, LLC #13316263 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Sellwood-Moreland
Nearby schools
Schools provided by the listing agent
- Elementary: Llewellyn
- Middle: Sellwood
- High: Cleveland
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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