1925 SE Alder Street Apartments

HFO Investment Real Estate is pleased to present this five-unit multifamily opportunity located in Portland’s highly sought-after Buckman neighborhood. Built in 1890, the property offers a rare combination of historic character, recent capital improvements, and an exceptional inner-southeast location with walkable access to neighborhood amenities, parks, grocery stores, restaurants, and downtown Portland employment centers. The efficient unit mix consists of one two-bedroom apartment and four one-bedroom apartments, catering to the strong demand for attainable urban housing. Residents benefit from high ceilings, central forced-air heating, private storage, on-site laundry, off-street parking, and large backyard space. Recent improvements, including a newer roof and a fully renovated two-bedroom unit completed in 2025, help minimize near-term capital expenditures while preserving the vintage charm that continues to attract renters to Portland’s historic eastside neighborhoods.