$900,000

1414 Se LAMBERT St, Portland, OR 97202

4,348 sqft

Multi-Family Home
Built in 1907
5,227sqft lot
—— car garage
$207/sqft
Listed 2 months ago

Property Description

Stabilized Sellwood 6-plex at $150,000/unit with 100% occupancy, professional management, newer plumbing, shared laundry, storage, and a highly walkable location near SE 13th, West Moreland, transit, parks, and Springwater Corridor. Current cap rate: 5.7%. Market-rent upside: $1,467/month. Current NOI: $51,324. Pro forma NOI: $68,600. Ideal for investors seeking a low-vacancy close-in Portland asset with long-term rental demand.

Listing Status:: Active
Date Added:: February 13, 2026
Data Last Updated:: April 30, 2026 at 5:40PM
Listing Office:: NextHome Realty Connection : 971-212-9487
Listing Agent:: Steve Roesch : 503-318-6351
MLS ID:: 289486381

Basement: Full basementStorage space
Heating: Wall furnace

General: Metal siding
Parking: Off siteOpenParking spaces: 2

Roofing: Composition
General: Concrete perimeterSlab

Road/Access: Paved
Golf: Laundry
Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: R5MILLERS ADDBLOCK 12LOT 18R219342

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Steve Roesch , NextHome Realty Connection

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.