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$995,000

6 Beds 6 Baths 5,111 SQFT 0.12 Acres
Type: Multi-Family

35 NE 22ND AVE
Portland, OR 97232

MLS#: 741108670
Glenn Farrell
Glenn Farrell
Premiere Property Group
Principal Broker
Phone: 503.358.7963
Office: 971.271.8932
Presented by: Realty Works Group -

Property Description

 

Welcome to the historic Groat-Gates House, a beautifully preserved 1892 Late Victorian Queen Anne–Eastlake 6 plex rich in character and architectural detail. Listed on the historic register and originally owned by a former Portland mayor, this iconic property blends timeless elegance with strong investment potential.Situated on a prominent corner lot in Portland’s sought-after Kerns neighborhood, the property offers unbeatable walkability —just steps to popular restaurants, cafes, theaters, parks, and everyday conveniences. With a Walk Score of 93 and a perfect Bike Score of 100, tenants enjoy a highly connected, urban lifestyle that supports consistent demand and stable cash flow.The building has been well maintained, preserving its historic charm while providing a comfortable living environment for residents. A spacious backyard deck offers a peaceful outdoor retreat, ideal for tenant enjoyment and added appeal.An exceptional opportunity to own a piece of Portland history with proven rental performance in one of the city’s most vibrant neighborhoods.


 

Interior Features

Bedrooms

Unit 1 Beds Total1
Unit 2 Beds Total1
Unit 3 Beds Total1
Unit 4 Beds Total1
Unit 5 Beds Total1
Unit 6 Beds Total1

Bathrooms

UnitType5BathsTotal1
UnitType6BathsTotal1
Unit 1 Baths Total1
Unit 2 Baths Total1
Unit 3 Baths Total1
Unit 4 Baths Total1

Other Interior Features

UnitType1ActualRent1445
UnitType1FeaturesHardwoodFloors, Range, Refrigerator
UnitType1UnitsTotal1
UnitType2ActualRent1350
UnitType2FeaturesHardwoodFloors, Range, Refrigerator
UnitType2UnitsTotal1
UnitType3ActualRent1380
UnitType3FeaturesHardwoodFloors, Range, Refrigerator
UnitType3UnitsTotal1
UnitType4ActualRent1295
UnitType4FeaturesHardwoodFloors, Microwave, Range, Refrigerator
UnitType4UnitsTotal1
UnitType5ActualRent2100
UnitType5FeaturesAirConditioning, Dishwasher, Range, Refrigerator
UnitType5UnitsTotal1
UnitType6ActualRent1350
UnitType6FeaturesAirConditioning, Range, Refrigerator
UnitType6UnitsTotal1
FuelDescriptionElectricity, Gas
BasementExteriorEntry, FullBasement
Hot WaterGas
StorageBasement
Unit TypeUnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6

General

Accessory Dwelling Unit Y/NN
CityPortland
Community FeaturesLaundry
CoolingHeatPump, MiniSplit
CountyMultnomah
DirectionsNorth of E Burnside on NE 22nd. Corner of NE Couch St & NE 22nd Ave
DisclosuresDisclosure
Elementary SchoolBuckman
Garage Spaces0
Gross Income107260.0
HOANo
HeatingDuctless, ForcedAir
High SchoolCleveland
Legal DescriptionDUNNS ADD, BLOCK 6, N 1/2 OF LOT 9&10
Listing TermsCash, Conventional, VALoan
Lot Size Square Feet5,227 sqft
MLS Area_142
Middle/Junior High SchoolHosford
Net Operating Income58493.0
Number Of Units Total6
Operating Expense48767.0
Parcel Number0
Property ConditionExisting
Property TypeMultiFamily
Rent IncludesElectricity, Sewer, TrashCollection, Water
RoofComposition
Security FeaturesFireSprinklerSystem
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count3
Subdivision NameKERNS
Tax Annual Amount$14,299
Tax Year2025
ViewDescriptionCity
Year Built1892
ZoningRM2

Exterior

Building Area Total5,111 sqft
Exterior DescriptionWoodSiding
Foundation DetailsConcretePerimeter
Lot FeaturesCornerLot
Lot Size Acres0.12
Road Surface TypePaved
Total Parking0
Water SourcePublicWater

Additional Details

Price History

Schools 

High School Cleveland High School
Middle School Hosford Middle School
Elementary School Buckman Elementary School

  

Similar Properties

$995,000

6 Beds 6 Baths 5,111 SQFT 0.12 Acres
Type: Multi-Family

35 NE 22ND AVE
Portland, OR 97232

MLS#: 741108670
Glenn Farrell
Glenn Farrell
Premiere Property Group
Principal Broker
Phone: 503.358.7963
Office: 971.271.8932