1935 SE WASHINGTON ST
Portland, OR, 97214 $ 1,500,000
Bedrooms7 Baths6.0 Monthly Estimate*
$ 10,360
for $1,500,000 with 7 bedrooms and 6 full baths. This home was built in 1891 on a lot size of 0.08.
Prime Buckman Multi-Family Investment in the Heart of Close-In Eastside. Exceptional opportunity to own a versatile multi-family 6 unit property in one of Southeast Portland’s most vibrant and walkable enclaves. Situated at 1935 SE Washington Street, this property combines vintage architectural character with dependable rental appeal, offering strong income potential or a turnkey house-hacking setup in the thriving Buckman/Kerns corridor. The property features well-proportioned units designed to attract quality, long-term tenants, highlighted by functional layouts, abundant natural light, and on-site laundry convenience. Located just blocks from Colonel Summers Park, Revolution Hall, and the celebrated dining and retail destinations along SE Belmont, SE Morrison, and Stark Street, tenants enjoy the quintessential Portland lifestyle right outside their front door. With a phenomenal Walk Score, excellent bike corridors, and rapid transit access to downtown Portland, this property represents an outstanding addition to any portfolio looking for reliable cash flow and sustained long-term appreciation.Key Highlights:Historic close-in Eastside location with strong tenant demand,Convenient access to local cafes, grocery markets, parks, and dining Separate entrances, practical floor plans, and on-site laundry. Minutes to Downtown, the Central Eastside Industrial District, and Burnside transit routes. The basement was just renovated and turned into a 2 bedroom unit. No sign on property. DO NOT DISTURB TENANTS
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FeaturesGeneralSewer PublicSewer
Heating Baseboard Zoned
Cooling None
Roof Composition
Zoning R1
Security Features Unknown
Year Built 1891
Stories Count 2
Tax Year 2025
Parcel Number R167888
Gross Income 123956.0
County Multnomah
Net Operating Income 110000.0
Operating Expense 13606.0
Property Type MultiFamily
HOA N
Rent Includes MaintenanceGrounds
Status Active
Directions Corner of 19th and SE Washington
High School Cleveland
City Portland
Disclosures Exempt
Number Of Units Total 6
MLS Area _143
Lot Size Square Feet 3484.0
Listing Terms Cash Conventional
Elementary School Buckman
Tax Annual Amount 5249.39
Middle/Junior High School Hosford
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description GARRISON'S SUB BLOCK 2 E 50' OF LOT 5 S 16 2/3' OF E 50' OF LO
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InteriorBasement Finished PartiallyFinished
Hot Water Electricity Gas
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit 3 Baths Total 1
Unit 3 Beds Total 1
Unit 4 Baths Total 1
Unit 4 Beds Total 1
Unit 5 Beds Total 1
Unit 6 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5 UnitTypeType6
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ExteriorParking Features OnStreet
Lot Features Sloped
Water Source PublicWater
Exterior Description ShingleSiding WoodSiding
Lot Size Acres 0.08
Road Surface Type Paved
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* Excluded FeaturesList ByDoug.k.hurlburt@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,360
- Monthly Property Taxes
- $437
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Portland, OR
Average List Price $1,530,737
Percent of Sale Price 2%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1950873 Elementary School
1950530 Middle School
Cleveland High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/26/2026 | $1,500,000 | | Listed Price |