646 SE 60TH AVE, Portland, OR 97215
646 SE 60TH AVE, Portland, OR 97215
646 SE 60TH AVE, Portland, OR 97215
646 SE 60TH AVE, Portland, OR 97215
646 SE 60TH AVE, Portland, OR 97215
646 SE 60TH AVE, Portland, OR 97215
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HomeSmart Realty Group

HomeSmart Realty Group

+1(971) 599-5865
Listed by NextHome Realty Connection
$ 900,000
Est. payment | /mo

5,474 SqFt

Save
$ 900,000
Est. payment | /mo
Save

5,474 SqFt

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

Regional Multiple Listing Service (RMLS)

Nearby Locations

HomeSmart Realty Group

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(971) 599-5865

broker@hsmartrealtygroup.com

3240 Commercial St SE, Ste 100, Salem, OR, 97302

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646 SE 60TH AVE