423 SE 28TH AVE Portland, OR $ 850,000
423 SE 28TH AVE
$ 850,000
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423 SE 28TH AVE

Portland, OR, 97214
$ 850,000
Bedrooms2 Baths2.0

Monthly Estimate*

$ 5,303

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Multi-Family Home for sale in Portland, OR

for $850,000 with 2 bedrooms and 2 full baths. This home was built in 1911 on a lot size of 0.06.

Located in Southeast Portland’s Buckman neighborhood, this charming fourplex offers vintage appeal, solid condition, and outstanding investment potential. Each of the four one-bedroom, one-bath units features classic Portland foursquare details—beautiful woodwork, tall ceilings, and large windows that bring in plenty of natural light. The upper units enjoy unique bonus rooms tucked into the attic—perfect for an office, creative space, or additional storage. Access to the basement from the upper units is through an interior spiral staircase—the lower units enter the basement from the exterior doors at the front of the property. One unit is currently vacant and move-in ready, freshly painted with new carpet—ideal for an owner-occupant or as an easy rental. With its well-maintained condition and strong rental location near cafes, parks, and public transit, this property is a rare find for both investors and buyers seeking to live in one unit while generating income from the others.

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Multi-Family Pending

Price

$ 850,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 6,811

Style

Lot Size

0.06

Year Built

1911

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

615772527

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling None
Roof Composition
Zoning R2.5
Year Built 1911
Stories Count 3
Tax Year 2025
Parcel Number R244656
Gross Income 68000.0
Community Features Laundry
County Multnomah
Net Operating Income 25000.0
Operating Expense 38000.0
Property Type MultiFamily
HOA N
Subdivision Name BUCKMAN / BELMONT
Rent Includes TrashCollection
Status Pending
Directions SE Stark St to SE 28th Ave
High School Franklin
City Portland
Disclosures Disclosure
Number Of Units Total 4
MLS Area _143
Lot Size Square Feet 2613.0
Listing Terms Cash Conventional FHA
Elementary School Winterhaven
Tax Annual Amount 6811.13
Middle/Junior High School Winterhaven
Property Condition Approximately
Standard Status Pending
Accessory Dwelling Unit Y/N N
Legal Description PLEASANT HOME ADD BLOCK 1 LOT 1&2 TL 6100
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Interior
Basement FullBasement
Storage Attic Basement
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Lot Features Level
Water Source PublicWater
Exterior Description WoodSiding
Foundation Details ConcretePerimeter
Lot Size Acres 0.06
Road Surface Type Paved
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Internal Only
Street Number 1 423
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* Excluded Features
List By
Windermere Heritage

Broker

jadler@windermere.com

Email

Affordability Calculator

$5,870
Per Month
90%
10%
0%
Monthly Principal & Interest
$5,303
Monthly Property Taxes
$568
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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.
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Nearby
5280645 Elementary School
5280646 Middle School
Franklin High School High School
Pricing History
DatePricePrice ChangeDescription
11/4/2025$850,000 Listed Price

Map


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423 SE 28TH AVE, Portland, OR, 97214 is a Multi-Family Home for sale at $850,000 with a lot size of 0.06. 423 SE 28TH AVE has 2 bedrooms, 2.0 baths, and was built in 1911. The property's zip code is 97214 which is in Portland, OR