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Listed by NextHome Realty Connection
$900,000
Est. payment /mo
5,474 SqFt
New
646 SE 60TH AVE Portland, OR 97215
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,474 sqft
Price per Sqft $164
Subdivision Mt Tabor
MLS Listing ID 364335533
Year Built 1926
Annual Tax Amount $13,499
Tax Year 2025
Lot Size 5,227 Sqft
Property Description
Fully occupied and income-producing, this Mount Tabor-area triplex plus 8 SRO units offers the kind of cash-flow opportunity investors look for in a high-demand Portland location. With 11 total rentable spaces, 100% occupancy, and steady rental income already in place, this property is positioned as a strong portfolio addition for buyers seeking immediate income, tenant stability, and long-term upside. The property qualifies for conventional financing while producing income more in line with a small commercial multifamily asset, creating a rare blend of financing flexibility and commercial-style returns. Located in a busy, high-visibility area near Mount Tabor Park, transit, restaurants, services, and major Portland corridors, the property benefits from strong rental demand and everyday urban convenience. Just minutes from downtown Portland, this location offers access to employment centers, neighborhood amenities, and commuter routes that help support continued occupancy. Investors will appreciate the diversified unit mix, established rent roll, and the ability to acquire a fully occupied asset without taking on a lease-up project. With current cash flow, a central Portland location, and income performance comparable to a larger multifamily investment, this is a compelling opportunity for buyers looking to expand their rental portfolio. Seller is a licensed broker in Oregon. Please do not disturb tenants. Call for financials.
Location
State OR
County Multnomah
Community Alllandscaping
Area _143
Zoning R5
Rooms
Basement Full Basement
Interior
Heating Baseboard, Forced Air
Exterior
Community Features AllLandscaping
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Glencoe
Middle Schools Mt Tabor
High Schools Franklin
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOLS & PROPERTIES
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