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$900,000

  • For Sale
  • Active
  • Multi-Family
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Norris & Stevens Inc., is pleased to present for purchase this 7-unit multi-family property located at 1626 SE Alder Street, Portland, OR 97214. Built in 1903, the asset is comprised of five 1-bedroom/1-bath units and two studio units. Positioned in a prime pocket of Southeast Portland's Buckman neighborhood, the property offers immediate access to the Belmont retail corridor as well as the nearby Hawthorne District, Central Eastside, and downtown Portland. The location provides excellent walkability, bike access, and connectivity to major employment and lifestyle hubs, ensuring consistent rental demand. The property also presents a value-add opportunity through unit renovations, common area improvements, and bringing rents in line with market levels. With strong fundamentals, upside potential, and a highly desirable location, 1626 SE Alder represents a rare opportunity to invest in one of Portland's most active submarkets.

Full Property Details for 1626 SE Alder St

General

  • Price: $900,000
  • Taxes: $10,709 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 139651965
  • Updated: 12/11/2025
  • Added to Site: 102 day(s) ago

Rental Information

  • Rent Includes: None

Parking

  • Garage: Yes
  • Total Spaces: 2
  • Parking Features: Driveway, Garage

Location

  • County: Multnomah
  • Subdivision: BUCKMAN
  • Driving Directions: SE 17th Avenue

School Information

  • Elementary School: Buckman
  • Middle School: Hosford
  • High School: Other

Community

  • Community Name: 143 - Portland Southeast

Heating & Cooling

  • Heating Type: Baseboard, Wall Heater
  • Heating Fuel: Electricity, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Full Basement, Storage Space, Unfinished
  • Roof: Composition, Shingle
  • Stories/Levels: 3
  • Square Feet: 4,813
  • Year Built: 1903
  • Property Condition: Existing

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,791
  • Lot Size: 5, 000 to 6, 999 SqFt
  • Frontage: Paved

Financial Considerations

  • Operating Expenses: $48,813
  • Tax Amount: $10,709
  • Tax Year: 2024
  • Terms: Call Listing Agent

Disclosures and Reports

  • Legal Description: BELLEVIEW ADD, LOT 7
  • Property ID: R114331

Listed by Norris & Stevens Investment Real Estate Services (503) 223-3171, David Keys (503) 223-3171

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Listing agent

— 1626 SE Alder St —

  • David Keys

    Norris & Stevens Investment Real Estate Services

    503-223-3171

DavidK@norris-stevens.com

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with our affiliated lender
NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1626 SE Alder St

School District:Portland School District 1j
NameGradesDistance
Buckman Elementary School
320 Southeast 16th Avenue, Portland, OR 97214
K-50.2 mi
Hosford Middle School
2303 Southeast 28th Place, Portland, OR 97214
6-81 mi
Cleveland High School, Portland, OR
3400 Southeast 26th Avenue, Portland, OR 97202
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1626 SE Alder St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/11/2025
Price Reduced
$900,000
-5.26%
MLS
10/08/2025
Listed
$950,000
-9.52%
MLS
3/12/2018
Sold
$1,050,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1626 SE Alder St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,451
4%
$424,990
3%
2024
$11,040
4%
$412,620
3%
2023
$10,616
4%
$400,610
6%
2021
$10,210
-2%
$377,630
-3%
2022
$10,386
2%
$388,950
6%
2021
$10,210
13%
$366,640
3%
2019
$9,022
3%
$355,970
3%
2018
$8,757
4%
$345,610
3%
2017
$8,393
9%
$335,550
3%
2016
$7,681
3%
$325,780
3%
2015
$7,480
2%
$316,300
3%
2014
$7,367
2%
$307,090
3%
2013
$7,195
—
$298,150
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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with our affiliated lender
NMLS#: 1598647

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Listed by Norris & Stevens Investment Real Estate Services (503) 223-3171, David Keys (503) 223-3171

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1626 SE Alder St, Portland, OR 97214 (MLS# 139651965) is a Multi-Family property with 7 units containing 0 bedrooms and 0 full bathrooms. 1626 SE Alder St is currently listed for $900,000 and was received on October 08, 2025. Want to learn more about 1626 SE Alder St? Do you have questions about finding other Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

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