646 SE 60th Ave

Portland, OR 97215
  • $900,000

    Price
  • 10

    Bed
  • 5

    Bath
  • 5,474

    SqFt

About the Listing NXTH01 - ROESCH

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.

Listing Highlights

Status Active
Days on Site 3
Property Type Multi-Family
MLS ® 364335533
Year Built 1926
Total Square Footage 5,474
Lot/Acreage 0.12
County Multnomah
Neighborhood Mt Tabor
Elementary School Glencoe
Middle School Mt Tabor
High School Franklin

Interior Details

  • Bedrooms: 10
  • Bathrooms: 5 Full
  • Appliances:
  • Air Cond:
  • Heating: Baseboard,Forced Air
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement: Full Basement
  • Other:
  • Water: Public Water

Exterior Details

  • Lot Description: Level
  • Garage Capacity: N/A
  • Zoning: R5
  • Roof: Composition
  • Others: Approximately
  • Sewer: Public Sewer
  • Parking Features: On Street

Financial Details

  • Tax Amount: $13,499
  • Taxes w/Assessments: N/A
  • Tax/Property ID: R221952
  • Tax Year: N/A

Payment Calculator

Monthly Payment

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  • in Taxes
Years
% Down Payment
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Questions About..

646 SE 60th Ave Portland, OR 97215

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Originating MLS: Regional Multiple Listing Service, Inc.

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Jenn Smart

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