1414 Se LAMBERT St, Portland, OR 97202

• 4,348 sqft

Property Description

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.

Listing Status:

Active

Date Added:

August 15, 2026

Data Last Updated:

September 13, 2026 at 7:50AM

Listing Office:

Cascade Hasson Sotheby's International Realty : 503-335-9898

Listing Agent:

Jim McCartan : 503-314-2100

MLS ID:

126667965

Interior

• Basement: Storage space
• Heating: Wall furnace

Exterior

• General: Metal sidingVinyl siding
• Parking: Off streetParking spaces: 2

Construction

• Roofing: Composition
• General: Concrete perimeterSlab

Location

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

Lot

• Zoning: R5MILLERS ADDBLOCK 12LOT 18R219342

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.