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942 SE 16th Ave, Portland, OR, 97214

2beds
4baths
3,406sqft
$695,000
$204price/sqft
$4,555/moest. monthly cost
$182,200/yrincome needed

About This Home

The Buckman Fourplex is a well-located 1904 vintage asset in the heart of Southeast Portland’s highly desirable Buckman neighborhood. Positioned on a quiet residential street just minutes from Hawthorne, Belmont, and Division corridors, the property offers residents immediate access to some of Portland’s best dining, retail, and entertainment options. The neighborhood’s strong walkability, bike infrastructure, and proximity to downtown Portland continue to support long-term rental demand.The property consists of four residential units totaling approximately 2,454 rentable square feet on a 4,600 SF lot. The unit mix includes two spacious studio apartments and two one-bedroom units, all featuring efficient layouts with above-average square footage for the area. Built in 1904, the building retains classic early-20th-century charm while offering functional living spaces attractive to today’s renters. Amenities include shared laundry in the basement and a partial utility bill-back system. Parking is street-only.This offering presents a compelling opportunity to acquire a character fourplex in one of Portland’s most established and supply-constrained eastside neighborhoods. With strong in-place tenancy and clear upside potential through future rent adjustments and operational optimization, the Buckman Fourplex is well-suited for investors seeking stable, long-term performance with value-add opportunity in a premier Southeast Portland location.

Getting Around

94
WalkingWalker's Paradise
59
TransitGood Transit
96
BikeBiker's Paradise

Schools

8/10
7/10
Hosford Middle SchoolGrades 6-80.9 mi
7/10
Cleveland High SchoolGrades 9-121.3 mi

Construction

Condition

  • Property condition: Approximately
  • Year built: 1904

Materials

  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Electric Water Heater
  • Laundry features: Common Area

Basement

  • Has basement: Yes
  • Basement: Partial,Unfinished,Storage Space

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 4
  • Full bathrooms: 4

Cooling

  • Cooling features: None

Interior Area

  • Total structure area: 3,406
  • Total interior livable area: 3,406 sqft

Property

Details

  • Parcel number: R144441
  • Zoning: R5

Features

  • Stories: 2

Lot

  • Lot size: 4,791 sqft
  • Features: Level,SqFt 3000 to 4999

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes