This fully remodeled Victorian 4-plex in the Buckman neighborhood is an exceptional investment opportunity - with an outstanding cap rate over 6.5. Every unit has been fully updated with newer kitchens, bathrooms, paint, and flooring. Fresh new external paint just completed. Full building repipe in 2019. Sizable unfinished attic with good head height, and unfinished basement with separate entry, storage units and community laundry facilities. Floor plans vary. Common area backyard with fire pit, and off-street parking for two vehicles. Fully tenanted, and rents at market rate. Well located close to Belmont, Hawthorne and Public transit. Motivated seller - this is exceptional value in a perfect location. Walk Score 94 Bike Score 96.
Multi-familyProperty Type
1905Year Built
5,227 sq ftLot Size
$325Est. Price/Sq.Ft.
2 spacesParking
Listed by James Begg• John L. Scott Portland Central
Super charming age old Victorian 4-plex. Quirky, fun, eclectic. Floor plans vary, but offer a great blend of functional yet unique. Open area basement boasts additional storage for each resident, plus coin-op W/D. There is a common area back yard, and off-street parking for two vehicles. Massive 3rd floor attic, that in time, could be more living space. Newer paint, almost new roof, and newer mini-splits too. Please DND tenants.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
6
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
5,000 Sq. Ft.
Year renovated
1905
Sq. Ft.
2,896
Year built
1905
Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R167955
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
RM2
Residential Multi-Dwelling 2 zone
The RM2 zone is a medium-scale multi-dwelling zone that is generally applied in and around a variety of centers and corridors that are well-served by transit. Allowed housing is characterized by buildings of up to three or four stories with a higher percentage of building coverage than in the RM1 zone, while still providing opportunities for landscaping and outdoor spaces that integrate with residential neighborhood characteristics. The major types of new housing development will be a diverse range of multi-dwelling structures and other compact housing that contribute to the intended urban scale of centers and corridors, while providing transitions in scale and characteristics to lower-scale residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Nov 5, 2019 • Final
Plumbing
Plumbing
Nov 1, 2019 • Final
Electrical
Electrical
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.
Property details
Parking
Parking Information
Parking Features: Paved
Parking Total: 2
Interior
Appliances
Hot Water Description: Gas
Interior Features
Storage: Basement, Individual Storage Units
Basement: Exterior Entry, Full Basement, Unfinished