HFO Investment Real Estate is pleased to present this five-unit multifamily opportunity located in Portland’s highly sought-after Buckman neighborhood. Built in 1890, the property offers a rarecombination of historic character, recent capital improvements, and an exceptional inner-southeast location with walkable access to neighborhood amenities, parks, grocery stores, restaurants, anddowntown Portland employment centers. The efficient unit mix consists of one two-bedroom apartment and four one-bedroom apartments, catering to the strong demand for attainable urban housing.Residents benefit from high ceilings, central forced-air heating, private storage, on-site laundry, off-street parking, and large backyard space. Recent improvements, including a newer roofand a fully renovated two-bedroom unit completed in 2025, help minimize near-term capital expenditures while preserving the vintage charm that continues to attract renters to Portland’s historic eastside neighborhoods.
Active
$699,999
1925 SE Alder St, Portland, OR 97214
6beds
3,075sqft
Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$228/sqft
$-- HOA
What's special
Large backyard spacePrivate storageCentral forced-air heatingFully renovated two-bedroom unitHigh ceilingsOff-street parkingOn-site laundry
- 68 days
- 1,162
- 67
Zillow last checked:
Listing updated:
Listed by:
Reuben Schug reubenschug@windermere.com,
Windermere Realty Trust
Source: RMLS (OR),MLS#: 442930695
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced Air
Cooling
- Central Air, Air Conditioning
Appliances
- Included: Range, Refrigerator, Electric Water Heater
Features
- Basement: Storage Space
Interior area
- Total structure area: 3,075
- Total interior livable area: 3,075 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 5,227 Square Feet
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: R167924
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Approximately
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Buckman
Location
- Region: Portland
Financial & listing details
- Price per square foot: $228/sqft
- Tax assessed value: $1,030,190
- Annual tax amount: $13,101
- Date on market: 7/22/2026
- Listing terms: Cash,Conventional
- Total actual rent: 6438
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Listed for sale | $699,999+33.9%$228/sqft |
Source:  RMLS (OR) #442930695 Report a problem | ||
| 10/21/2024 | Sold | $522,587$170/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,102 | $486,240 |
| 2024 | -- | -- |
| 2023 | -- | -- |
| 2022 | -- | -- |
| 2021 | -- | -- |
| 2020 | -- | -- |
| 2019 | -- | -- |
| 2018 | -- | -- |
| 2017 | -- | -- |
| 2016 | -- | -- |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | $1,827 | $83,790 |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | $735 -34.5% | $33,030 -34.1% |
| 2003 | $1,123 +8.9% | $50,090 +3% |
| 2002 | $1,031 +12% | $48,640 +10.6% |
| 2000 | $921 | $43,960 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Buckman
Nearby schools
Schools provided by the listing agent
- Elementary: Buckman
- Middle: Hosford
- 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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