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Listed by Barry Investment Real Estate
$ 1,250,000
Est. payment /mo
New
1712 SE MAIN ST Portland, OR 97214
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
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
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