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.
Multi-familyProperty Type
1976Year Built
5,227 sq ftLot Size
$359Est. Price/Sq.Ft.
3 spacesParking
Listed by Marc Rogers• Township Properties Real Estate LLC
Listed by Kathy Rogers• Township Properties Real Estate LLC
Bought with Colleen Glaab• Portland's Alternative Inc., Realtors
Colleen Glaab • Portland's Alternative Inc., Realtors
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Provided by Redfin
Sale history for 1822 SE Ash St
Date
Event
Price
RMLS #789587158
Mar 30, 2026
Sold
$865,000
$347/sq ft
Mar 2, 2026
Pending
—
Feb 23, 2026
Listed
$865,000
$347/sq ft
As the MLS and public records start to fill up, we'll list the details here.
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Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R297180
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Last updated by owner on Feb 23, 2026.
R2.5
Residential 2,500 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.