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Wendrika Olofson

olofsonrealty@gmail.com +1(541) 852-2242

Listed by Barry Investment Real Estate

$ 1,250,000

Est. payment -/mo

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1712 SE MAIN ST Portland, OR 97214

1 Bed

2 Baths

5,660 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,660 sqft

Price per Sqft $220

Subdivision Buckman

MLS Listing ID 592459998

Bedrooms 1

HOA Y/N No

Year Built 1906

Annual Tax Amount $14,269

Tax Year 2025

Lot Size 4,791 Sqft

Property Description

The Medea Apartments is an eight-unit apartment community located at 1702–1712 SE Main Street in Portland's desirable Buckman neighborhood. Originally constructed in 1906, the property offers a distinctive combination of vintage character, an intimate residential setting and convenient access to the amenities of inner SE Portland. Tucked away from the neighborhood's primary commercial thoroughfares, the Medea provides a quieter residential environment while remaining conveniently positioned between the Hawthorne and Belmont corridors. Residents enjoy convenient access to the restaurants, cafés, shopping, services and entertainment that define the surrounding neighborhood, without being located directly along one of its busier commercial streets. The property features six one-bedroom apartments and two studio apartments. One-bedroom residences range from approximately 600-900 square feet, while the studios are approximately 400 square feet. Current scheduled rents provide stable in-place income with additional opportunity for rental growth over time. The Medea further distinguishes itself through features that are increasingly uncommon for a close-in Portland apartment property of this size. A private rear courtyard provides rare open space within the surrounding urban neighborhood and offers future ownership the opportunity to create an enhanced outdoor resident amenity. Three private garages provide additional resident utility and income opportunity. Current ownership has also invested significantly in the property and its major building systems. Improvements include electrical upgrades, replacement of select heating systems, a newer roof, exterior painting, replacement gutters, common-area improvements and two 75-gallon water heaters. The Medea Apartments offers investors the opportunity to acquire a stabilized, well-located eight-unit apartment property with significant capital improvements already completed, in the popular Buckman neighborhood of SE Portland.

Location

State OR

County Multnomah

Community Laundry

Area _143

Zoning R5

Rooms

Basement Exterior Entry, Full Basement

Interior

Heating Wall Heater

Exterior

Garage Spaces 3.0

Community Features Laundry

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Buckman

Middle Schools Hosford

High Schools Cleveland

Others

Acceptable Financing CallListingAgent, Cash, Conventional

Listing Terms CallListingAgent, Cash, Conventional

Regional Multiple Listing Service (RMLS)

Wendrika Olofson

Principal Broker License ID: 201208533

+1(541) 852-2242

Wendrika Olofson

1712 SE MAIN ST Portland, OR 97214

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1712 SE MAIN ST