1414 SE Lambert St, Portland, OR 97202

Portland
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
1414 SE Lambert St,Portland, OR 97202
$810,000
  • - Beds
  • - Baths
  • 4,348 sq. ft.
  • Multi-family
  • Active
Listed by: jim mccartan, joe mccartan
Office: cascade hasson sotheby's international realty503-335-9898
MLS#:126667965
Source:PORTLAND

Price summary

  • Price:$810,000
  • Price per sq. ft.:$186.29

About this home

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.

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Home facts

  • Year built:1907
  • Subdivision & Development:SELLWOOD - MORELAND
  • Listing ID #:126667965
  • Added:72 day(s) ago
  • Updated:October 27, 2026 at 12:53 PM

Rooms and interior

  • Basement Description:Storage Space
  • Living area:4,348 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1907
  • Building area:4,348 sq. ft.
  • Lot area:0.12 Acres
  • Lot Features:Level
  • Foundation Description:Concrete Perimeter, Slab
  • Levels:3 Stories

Schools

  • High school:Cleveland
  • Middle school:Sellwood
  • Elementary school:Llewellyn

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$810,000
  • Price per sq. ft.:$186.29
  • Tax amount:$8,633 (2025)

Parking

  • Total parking spaces:2
  • Parking description:Off Street
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Equinox are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: October 27, 2026

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