1925 SE Alder St - 1925 SE Alder St 5 Unit Apartment Building Offered at $994,461 CAD at a 5.17% Cap Rate Portland, OR 97214

» Walkable Inner-Southeast Location
Set in Portland’s historic Buckman neighborhood, the property sits in one of the
city’s most pedestrian-friendly areas a neighborhood Walk Score of 92 versus
a citywide average of 67. Residents are roughly two miles from the downtown
employment core via the Morrison and Hawthorne bridges, with bus service and
bike infrastructure throughout.
» Lifestyle Amenities at the Doorstep
Colonel Summers Park and its community garden sit just a few blocks south,
with Laurelhurst Park and the Hawthorne District a short walk or ride away. The
Belmont and Hawthorne corridors put independent restaurants, coffee, and
full-service grocery (Market of Choice, Safeway) within blocks the everydayconvenience
lifestyle that keeps inner-SE renter demand consistent.
» Authentic 1890 Vintage Charm
Built in 1890, the building carries the period character that defines the historic
East Portland core high ceilings and the kind of vintage detail renters seek out
and pay a premium to live among. This is character that newer construction
cannot replicate.
» Efficient, In-Demand Unit Mix
The five-unit configuration one 2BR/1BA plus four 1BR/1BA homes targets the
deep, durable renter pool for compact inner-city housing. The smaller-footprint
units keep individual rents attainable while the building diversifies income across
five tenancies.
» Comfortable, Updated Interiors
Units feature central forced-air heating and high ceilings, and the 2BR home
was fully remodeled in 2025 with a new kitchen (quartz counters, stainless
appliances), LVT flooring, and an updated bath a move-in-ready interior with no
near-term turn cost.
» Practical Living Amenities & Recent Capital
The site offers off-street parking via a long private driveway, large backyards,
and a full basement with dedicated storage units for each apartment, plus on-site
laundry. A newer roof and recent improvements reduce near-term capital needs
and support a clean, stabilized hold.