646 SE 60TH AVE, Portland, OR 97215
- $900,000
- 5,474
- SqFt
- List Price
- $900,000
- Days on Market
- 1
- MLS#
- 364335533
- Property Type
- Multifamily
- Sqft. of Residence
- 5,474
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland Southeast
- Status
- ACTIVE
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.
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Additional Information
- Tax Amount
- $13,499
- Year Built
- 1926
- High School
- Franklin
- Elementary School
- Glencoe
- Middle School
- Mt Tabor
- Acres
- 0.12
- Living Area
- 5,474
- Stories
- 2
- Subdivision
- MT TABOR
- Terms
- Cash, Conventional
- Fuel Description
- Electricity, Gas
- Heating Description
- Baseboard, Forced Air
- Hoa Rent Includes
- Gas, Heat, Trash Collection, Water
- Exterior Description
- Wood Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- On Street
- Security Or Entry
- Entry
- Parking Description
- On Street
- Road Surface
- Paved
- Number Of Units Total
- 11
- Unit Type One Baths Total
- 1
- Unit Type One Rent
- 750
- Unit Type One Sq Ft
- 300
- Unit Type One Units Total
- 2
- Unit Type Two Beds Total
- 1
- Unit Type Two Units Total
- 1
- Unit Type Three Beds Total
- 1
- Unit Type Three Rent
- 765
- Unit Type Three Sq Ft
- 413
- Unit Type Three Units Total
- 1
- Unit Type Four Beds Total
- 1
- Unit Type Four Rent
- 785
- Unit Type Four Sq Ft
- 413
- Unit Type Four Units Total
- 1
- Unit Type Five Rent
- 525
- Unit Type Five Sq Ft
- 413
- Unit Type Five Units Total
- 1
Mortgage Calculator
Listing courtesy of NextHome Realty Connection.
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