1822 Se ASH St, Portland, OR 97214

• 2,496 sqft

Property Description

Ideally situated in the highly sought-after Buckman neighborhood, between E Burnside St and SE Stark St, this tri-plex combines strong rental income with an ideal rental location. All three units are 2 bedroom / 1 bathroom townhomes with spacious living rooms, washer / dryer hookups & dining areas off the kitchen leading to private patios. The property has been very well managed and maintained, including new siding in 2020, a new roof in 2024 & new fencing in 2026. Additionally, the units have been nicely updated as needed upon turnover with new appliances, flooring and doors. Each unit enjoys one off-street parking spot. With reliable renters & a proven income record, this is an opportunity to own a stable, low-maintenance investment in one of Portland’s most desirable close-in locations. At a 5.29% cap rate & 13.12 GRM, this property provides steady cash flow from day one. With current market rents & low turnover, investors can expect consistent returns & long-term value growth.

Listing Status:

Active

Date Added:

February 23, 2026

Data Last Updated:

February 28, 2026 at 5:42PM

Listing Office:

Township Properties Real Estate LLC : 503-704-9173

Listing Agent:

Marc Rogers : 503-703-0964

MLS ID:

789587158

Interior

• Basement: Crawl space
• A/C: None
• Heating: BaseboardWall heater

Exterior

• General: BrickT 111 siding
• Parking: Off streetParking spaces: 3

Construction

• Roofing: Composition
• General: Concrete perimeter

Location

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

Lot

• Zoning: R2.5W W MCGUIRES ADDBLOCK 2LOT 2R297180

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.