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Listing provided courtesy of Equity Pacific Real Estate LLC- MLS# 554268406MLS Provider

2010 SE SHERMAN STPortland, OR 97214

Multi-Family · 6,229 Sq. ft. | 0.23 Acres
$1,595,000 Active

2010 SE SHERMAN ST Overview

Time on Site:
89 days
Visits:
1

Great value in this Mediterranean 10-Unit just 2 blocks north of Division! Strong tenant demand for this timeless apt bldg with newer vinyl windows and membrane roof with tile shingles accenting the apartment entryways. Eight (8) 1BR/1BA units and two (2) Studios with hardwood floors and tiled kitchens and baths. Timeless vintage courtyard features all new concrete walkways poured over steel rebar. This improvement has brought the courtyard back to its original glory. As you enter the courtyard there are two wings comprising six (6) units accessible directly from the courtyard and four (4) units anchor the building in the rear stacked on two levels. New water line 2006. Basement features Laundry & Individual Storage. Solid upside on rents, last 1BR rented fast at $1,495 in just days. Professionally managed. Please Do Not Disturb Tenants.

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2010 SE SHERMAN ST Facts & Features

  • Type Multi-Family
  • Sq. ft. 6,229
  • Price/Sq.ft. $256
  • Lot 0.23 Acres

Details

General

School Information

  • Elementary School: Abernethy
  • Middle Or Junior School: Hosford
  • High School: Cleveland

Income/Expenses

  • Gross Income: 170173.0
  • Gross Scheduled Income: 188290.0
  • Net Operating Income: 95297.0
  • Operating Expense: 74876.0

Building Information

  • Year Built: 1927

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 143 - Portland Southeast

Community/Development

  • Community Features: All Landscaping,Laundry

Rent/Lease Information

  • Rent Includes: Maintenance Grounds,Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 19395.78
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: R214546
  • Property Type: Multi Family
  • Zoning: RM2

Interior

Building Interior

  • Building Area Total: 6229.0

General Information

  • Basement: Crawl Space,Partial Basement,Storage Space
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard,Wall Heater
  • Security Features: Security Lights
  • Stories: 2

Exterior

Lot Information

  • Lot Features: Corner Lot
  • Lot Size Acres: 0.23
  • Lot Size Square Feet: 10018.0
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Flat,Membrane,Tile

General Information

  • Number Of Units Total: 10
  • Sewer: Public Sewer

2010 SE SHERMAN ST Neighborhood

Community

97214 (PORTLAND) Demographics

36
Median Age
9,926
Population Density (per sq. mile)
69%
College Educated
$74,871
Estimated Median Income
4,343
Estimated Total Home Owners
9,709
Estimated Total Renters
31% / 69%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

2010 SE SHERMAN ST Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2010 SE SHERMAN ST Market Data

Based on the last 30 days in this zip code

$703,130
Average List Price
$336
Average Price per Square Foot
22
Properties Sold
56
Average Days on Market
69
Properties for Sale
Calculations provided by Reliance Network

2010 SE SHERMAN ST History

Date Event Value Agent
5/15/2026Source: Regional MLS Price Reduction
$1,595,000 -5.9%
4/23/2026Source: Regional MLS Price Reduction
$1,695,000 -5.6%
4/1/2026Source: Regional MLS Added to Database
April 01, 2026