Active

646 SE 60TH AVE

Portland OR, 97215

$1,050,000


$191.82 per sqft

Active

4 Beds

3 Baths

5,474 sqft

Multi-family

Built in 1926

Courtesy of NextHome Realty Connection

This fully-occupied triplex in the desirable Mount Tabor neighborhood offers a unique income opportunity. In addition to three spacious residential units, the property includes 8 Single Room Occupancy (SRO) units, all 100% occupied, generating stable rental income. Located near scenic Mount Tabor Park, the property provides a perfect blend of natural beauty and urban convenience, just minutes from downtown Portland. The property qualifies for conventional financing, yet its income level is comparable to an 11 unit commercial investment, making it a versatile asset. With steady cash flow and an attractive location in one of Portland's most sought-after areas, this is an excellent opportunity for savvy investors looking to expand their portfolio. Seller is a licensed broker in Oregon. Do not disturb tenants. Call for financials

24253308

MLS ID

October 7, 2024

Listed

October 18, 2024

Updated

Map

646 SE 60TH AVE
Portland OR, 97215

Interior Features

Total Stories

2


Bedrooms

4


Total Bathrooms

3


Full Bathrooms

3


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Baseboard, Forced Air

Exterior/Building Features

Lot Size

0.12 Acres


Roof

Composition


Sewer

Public Sewer

School Information

High School

Franklin


Elementary School

Glencoe

Other Property Details

Area Name

_143


Taxes

$12,514


Tax Frequency

Annually


Days on Market

10


Garage

No


Parking

On Street


View

No


County

Multnomah


Water Source

Public Water


Pool

No


Zoning

R5

Listing Courtesy of NextHome Realty Connection, Steve Roesch. 503-318-6351

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Sotheby’s International Realty are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on 10/18/2024, 2:16 AM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available

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