This home's estimate is 5.5% lower than the average sale price ($1.08M) of 6 comparable homes.
Search- Overview
- Sale & tax history
- Property details
- Neighborhood
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2535 SE Ash St, Portland, OR 97214
About this home
Hard to find updated 4 plex in the heart of SE Portland. Functional floor plans and desirable location make this a long term high occupancy property. 3 of the 4 units have outdoor living space. Turn key investment.

Redfin Estimate
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Market trends in Buckman, OR
Last updated October 2026
Buyer's Market
Seller's Market
Seller's market
- HOT HOME$575,0003 beds2 baths2,049 sq ft2224 SE 34th Ave, Portland, OR 97214Vanessa Calvert • Cascade Hasson Sotheby's International Realty
- $599,9006 beds2 baths3,504 sq ft1705 SE Cesar E Chavez Blvd, Portland, OR 97214Carlon Way • Real Estate Experts
- $800,0004 beds3 baths3,110 sq ft2406 SE Yamhill St, Portland, OR 97214Judy Adler • Windermere Heritage
- 3D WALKTHROUGH$725,0004 beds2 baths2,435 sq ft2206 SE Salmon St, Portland, OR 97214Declan O'Connor • Cascade Hasson Sotheby's International Realty
- $199,9001 bed1 bath482 sq ft804 SE Cesar E Chavez Blvd #18, Portland, OR 97214Chris Suarez • Keller Williams Sunset Corridor
- OPEN SAT, 1PM TO 4PM$615,0003 beds2 baths1,848 sq ft1903 SE Stark St, Portland, OR 97214Christopher Lancefield • Lancefield Realty
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Provided by Redfin
Sale history for 2535 SE Ash St
Tax history for 2535 SE Ash St
*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
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.Include but are not limited to:
- Housing
- Housing-Group
- Housing-Single unit
- Housing-Multiple units
- Housing-Senior
Addition
Demolition
Remodel
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
Interior
- Appliances
- Hot Water Description: Electricity
- Multi Unit Information
- # Of Units Total: 4
- Unit Information
- Unit Type: 1, 2, 3, 4
- Unit Type 1 Information
- Actual Rent: $1,795
- Baths Total: 1
- Beds Total: 2
- Features: Deck, Dishwasher, Disposal, Refrigerator
- Units Total: 1
- Unit Type 2 Information
- Actual Rent: $1,695
- BathsTotal: 1
- Beds Total: 2
- Features: Dishwasher, Disposal, Refrigerator
- Units Total: 1
- Unit Type 3 Information
- Actual Rent: $1,695
- Baths Total: 1
- Beds Total: 2
- Features: Dishwasher, Disposal, Refrigerator
- Units Total: 1
- Unit Type 4 Information
- Actual Rent: $1,325
- Baths Total: 1
- Beds Total: 1
- Features: Dishwasher, Disposal, Refrigerator
- Units Total: 1
Exterior
- Lot Information
- Lot Size Range: 7,000 to 9,999 SqFt
- Lot Size: 7,000 to 9,999 SqFt
- Lot Features: Level
- Parcel Number: R244742
- Property Information
- Property Type: Multi Family
- Property Attached YN: No
- Property Condition: Updated/Remodeled
- View YN: No
- Building Information
- Year Built: 1945
Financial
- Tax Information
- Tax Legal Description: PLEASANT HOME ADD, BLOCK 12, LOT 1
- Tax Annual Amount: $6,500.31
- Rent Information
- Rent Includes: Water
- Lease / Rent Information
- CAP Rate: 5.64
- Gross Rent Multiplier: 12.99
Utilities
- Utility Information
- Green Certification YN: No
- Fuel Description: Electricity
- Water Source: Public Water
- Sewer: Public Sewer
- Heating & Cooling
- Heating YN: Yes
- Heating: Baseboard
- Cooling YN: No
Location
- Location Information
- Directions: NW corner of Ash & 25th
- Unparsed Address: 2535 SE ASH ST, Portland, OR 97214
- Community Information
- Community Features: Laundry
- Zoning: R2.5
Public facts
- Beds: 6
- Baths: 4.0
- Sq. Ft.: 3,200
- Stories: 2.0
- Lot Size: 4,875 square feet
- Style: Multi-Family (2-4 Unit)
- Year Built: 1945
- Year Renovated: 1945
- County: Multnomah County
- APN: R244742
Other
- Listing Information
- MlsStatus: Sold
- Listing Price Information
- Price Type: List Price
Around this home
Schools
- K - 12
- Preschool & daycare
Public K-8 • Assigned • 0.7mi
Public 9-12 • Assigned • 2.1mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 92° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
19 unhealthy days expected this year, 21 days in 30 years
Sun exposure
In this area, properties receive around 9.7 hours in June and 2 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes





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Home values near 2535 SE Ash St
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 845 Sq. Ft. | $587,617 |
1 Beds | 1 Baths | 640 Sq. Ft. | $434,524 |
3 Beds | 2 Baths | 1664 Sq. Ft. | $682,920 |
- Beds | - Baths | - Sq. Ft. | $493,180 |
4 Beds | 1 Baths | 2624 Sq. Ft. | $526,643 |
2 Beds | 1 Baths | 1648 Sq. Ft. | $681,424 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | 1075 Sq. Ft. | $613,316 |
2 Beds | 1 Baths | 1250 Sq. Ft. | $711,585 |
3 Beds | 2 Baths | 2095 Sq. Ft. | $813,177 |
4 Beds | 2 Baths | 2148 Sq. Ft. | $790,612 |
4 Beds | 2 Baths | 2928 Sq. Ft. | $822,045 |
4 Beds | 2 Baths | 1716 Sq. Ft. | $600,508 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 1622 Sq. Ft. | $620,555 |
2 Beds | 2 Baths | 2121 Sq. Ft. | $738,344 |
1 Beds | 2 Baths | 640 Sq. Ft. | $519,189 |
4 Beds | 2 Baths | 2162 Sq. Ft. | $798,089 |
2 Beds | 1 Baths | 988 Sq. Ft. | $525,599 |
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