For sale

$899,000

Est. $5,586/mo —

•

6 ba

•

4,348

sq ft

1414 SE Lambert St, Portland, OR 97202

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.

Multi-familyProperty Type

1907Year Built

5,227 sq ftLot Size

$207Price/Sq.Ft.

2 spacesParking

Listed by Jim McCartan • Cascade Hasson Sotheby's International Realty

Listed by Joe McCartan • Cascade Hasson Sotheby's International Realty

Listing updated: Aug 15, 2026 at 06:20pm

Redfin checked: a few seconds ago

•Source:RMLS #126667965

Payment calculator

$5,586 per month

Principal and interest$4,725

Property taxes

$719

HOA dues

Home insurance

$142

Utilities

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Nearby open houses (10)

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Redfin
OPEN SUN, 11AM TO 1PM
$535,000
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Meg Dorick • Urban Nest Realty
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Suzanne Clark • Cascade Hasson Sotheby's International Realty

Around this home

Schools

K - 12
Preschool & daycare

Llewellyn Elementary School

Public K-5 • Assigned • 0.6mi

10/10

Sellwood Middle School

Public 6-8 • Assigned • 0.4mi

8/10

Cleveland High School

Public 9-12 • Assigned • 2.2mi

7/10

Provided by GreatSchools

About

Sellwood-Moreland

Sellwood-Moreland, located between the Willamette River and SE 17th Avenue, is a residential and retail Portland neighborhood with riverfront parks and a walkable main street. The neighborhood’s character concentrates along SE 13th Avenue near SE Tacoma Street, where indie boutiques, coffee counters, and antique storefronts line the sidewalks. Community pillars include the historic Moreland Theater, the Sellwood Bridge, and Oaks Park’s classic amusement rides. Early-20th-century bungalows and cottages mix with tidy infill on leafy blocks. Springwater Corridor paths and Sellwood Riverfront Park shape daily routines along the water. A calm, small-town cadence carries through farmers-market weekends and patio evenings.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Basement storage space

Bedrooms
Six units with bedroom counts: two 2-bed units and four 1-bed units

Bathrooms
Each unit has one bathroom

Kitchen
Ranges in several units
Refrigerators in all units

Laundry & utility
On-site laundry available (community laundry)

Heating & cooling
Wall furnace heating
No central air conditioning

Sale and tax history for 1414 SE Lambert St

Sale History
Tax History

Date

Event

Price

RMLS #126667965

Aug 15, 2026

Listed

$899,000

$207/sq ft

Public Records

Oct 20, 2015

Sold

$735,000

$169/sq ft

RMLS #15464728

Oct 30, 2015

Sold

$699,999

$161/sq ft

Aug 8, 2015

Pending

—

Jul 31, 2015

Listed

$699,999

$161/sq ft

Don't miss this AMAZING opportunity to buy the perfect investment property blocks from sellwood. 6 units completely remodeled that always have a waiting list. TONS of charm, well laid out, hardwoods, new paint, new landscaping,new carpets, new bathrooms, new fixtures, new kitchens in some, new appliances, basement with storage and washer.dryer, new sewer line repair. Plenty of parking. All ready to rent!!!!

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

5,000 Sq. Ft.

Year renovated

1907

Finished Sq. Ft.

1,622

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,622

Year built

1907

Style

Other

County

Multnomah County

APN

R219342

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 15, 2026.

Residential 5,000 zone

The single-dwelling zones are intended to preserve land for housing and to provide housing opportunities for individual households. The zones implement the comprehensive plan policies and designations for single-dwelling housing and provide options for infill housing that is compatible with the scale of the single-dwelling neighborhood.

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units
Housing-Senior

Aug 8, 2016 • Final

Plumbing

Perform a full water repipe for the building.

Plumbing

Jul 8, 2015 • Final

Bes - sewer repair

Replace the existing utility line from the property to the face of the curb according to city standards. Install a sleeve at the location specified by the city transportation department.

Gas

Plumbing

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 92° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

10/10 Air Factor

19 unhealthy days expected this year, 20 days in 30 years

Provided by First Street

Historical weather

Portland, OR • 97202

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

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Dec

Sun exposure

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Provided by Shadowmap

Redfin Estimate for 1414 SE Lambert St

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Property details

Sale and tax history for 1414 SE Lambert St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 1414 SE Lambert St

Early Access listings

Nearby similar homes

New listings for sale in 97202

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