Listing provided courtesy of Realty Works Group- MLS# 741108670
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Request Info35 NE 22ND AVEPortland, OR 97232
Multi-Family · 5,111 Sq. ft. | 0.12 Acres$1,095,000
Active
35 NE 22ND AVE Overview
- Time on Site:
- 69 days
- Visits:
- 0
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.
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35 NE 22ND AVE Facts & Features
- Type Multi-Family
- Sq. ft. 5,111
- Price/Sq.ft. $214
- Lot 0.12 Acres
Details
General
School Information
- Elementary School: Buckman
- Middle Or Junior School: Hosford
- High School: Cleveland
Income/Expenses
- Gross Income: 107260.0
- Gross Scheduled Income: 110005.0
- Net Operating Income: 58493.0
- Operating Expense: 48767.0
Building Information
- Year Built: 1892
Location/Region
- Country: US
- County Or Parish: Multnomah
- MLS Area Major: 142 - Portland Northeast
- Subdivision Name: KERNS
Community/Development
- Community Features: Laundry
Rent/Lease Information
- Rent Includes: Electricity,Sewer,Trash Collection,Water
Tax Information
- Tax Annual Amount: 14299.4
- Tax Year: 2025
General Information
- Disclosures: Disclosure
- Listing Terms: Cash,Conventional,VA Loan
- Parcel Number: R148627
- Property Condition: Existing
- Property Type: Multi Family
- Zoning: RM2
Interior
Parking Information
- Garage Spaces: 0
Building Interior
- Building Area Total: 5111.0
General Information
- Basement: Exterior Entry,Full Basement
- Cooling: Heat Pump,Mini Split
- Foundation Details: Concrete Perimeter
- Heating: Ductless,Forced Air
- Security Features: Fire Sprinkler System
- Stories: 3
Exterior
Parking Information
- Parking Total: 0
Lot Information
- Lot Features: Corner Lot
- Lot Size Acres: 0.12
- Lot Size Square Feet: 5227.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 6
- Sewer: Public Sewer
35 NE 22ND AVE Neighborhood
Community
97232 (Portland) Demographics
35
Median Age
7,421
Population Density (per sq. mile)
69%
College Educated
$59,109
Estimated Median Income
2,033
Estimated Total Home Owners
5,963
Estimated Total Renters
25% / 75%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.35 NE 22ND AVE Monthly Cost
35 NE 22ND AVE Market Data
Based on the last 30 days in this zip code
$589,149
Average List Price
$340
Average Price per Square Foot
6
Properties Sold
87
Average Days on Market
43
Properties for Sale
35 NE 22ND AVE History
| Date | Value | Agent |
|---|---|---|
| 4/21/2026Source: Regional MLS | April 21, 2026 |