About 1626 Se Alder St
Norris & Stevens Inc., is pleased to present for purchase this 7-unit multi-family property located at 1626 SE Alder Street, Portland, OR 97214. Built in 1903, the asset is comprised of five 1-bedroom/1-bath units and two studio units. Positioned in a prime pocket of Southeast Portland’s Buckman neighborhood, the property offers immediate access to the Belmont retail corridor as well as the nearby Hawthorne District, Central Eastside, and downtown Portland. The location provides excellent walkability, bike access, and connectivity to major employment and lifestyle hubs, ensuring consistent rental demand. The property also presents a value-add opportunity through unit renovations, common area improvements, and bringing rents in line with market levels. With strong fundamentals, upside potential, and a highly desirable location, 1626 SE Alder represents a rare opportunity to invest in one of Portland’s most active submarkets.
Features of 1626 Se Alder St
| MLS® # | 139651965 |
|---|---|
| Price | $950,000 |
| Bathrooms | 0.00 |
| Square Footage | 4,813 |
| Acres | 0.11 |
| Year Built | 1903 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 1626 Se Alder St |
|---|---|
| Area | 143 - Portland Southeast |
| Subdivision | BUCKMAN |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97214 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Parking | Driveway, Garage |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Wall Heater |
|---|---|
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | Yes |
| Basement | Unfinished, Full Basement, Storage Space |
Exterior
| Exterior | Wood Siding |
|---|---|
| Roof | Composition, Shingle |
School Information
| Elementary | Buckman |
|---|---|
| Middle | Hosford |
| High | Other |
Additional Information
| Date Listed | October 8th, 2025 |
|---|---|
| Days on Market | 3 |
| Zoning | R2.5 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Norris & Stevens Investment Real Estate Services |
|---|---|
| Contact Info | DavidK@norris-stevens.com |