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646 SE 60th Ave, Portland, OR 97215

$900,000

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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.

646 SE 60th Ave | MLS# 364335533

This multi-family property located at 646 SE 60th Ave, Portland, OR 97215 is currently listed for sale with an asking price of $900,000. Search Portland real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: FullBasement
Basement: Yes
Fuel Type: Electricity, Gas
Heating: Baseboard, Forced Air
Roof Type: Composition
Stories: 2.0
Taxes: $13,499
Year Built: 1926
Square Feet: 5,474

Units

Unit Type 1:
Bathroom(s): 1
Rent: $750.00
Square Footage: 300
Total Units: 2
Unit Type 2:
Bedrooms: 1
Rent: $1395.00
Square Footage: 413
Total Units: 1
Unit Type 3:
Bedrooms: 1
Rent: $765.00
Square Footage: 413
Total Units: 1
Unit Type 4:
Bedrooms: 1
Rent: $785.00
Square Footage: 413
Total Units: 1
Unit Type 5:
Bedrooms: 1
Rent: $525.00
Square Footage: 413
Total Units: 1
Unit Type 6:
Bathroom(s): 1
Rent: $795.00
Square Footage: 300
Total Units: 1
Unit Type 7:
Bedrooms: 1
Rent: $845.00
Square Footage: 400
Total Units: 1
Unit Type 8:
Bedrooms: 1
Rent: $795.00
Square Footage: 375
Total Units: 1
Unit Type 9:
Bathroom(s): 1
Bedrooms: 1
Rent: $995.00
Square Footage: 700
Total Units: 1
Unit Type 10:
Bathroom(s): 1
Bedrooms: 3
Rent: $1395.00
Square Footage: 800
Total Units: 1

Feature Descriptions

Exterior: Wood Siding
Gross Income: $128940.00 (Actual)
Lot: Level
Net Income: $75611.00 (Actual)
Operating Expenses: $57174.00 (Actual)
Parking: OnStreet
Parking Notes: OnStreet
Sewer: Public Sewer
Storage: Basement
Units: 11
Water: Public Water

Local Schools

High School: Franklin
Middle School: Mt Tabor
Elementary School: Glencoe

Listed By / Shown By

Listed By

Agency Name: NextHome Realty Connection
Agency Phone: 971-212-9487

Shown By

Agency Title: Bend Premier Real Estate
Agency Phone: 541-323-2779

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Estimated Payment

$ 5,938.31 per month $4,550.89 Principal & Interest $1,124.92 Property Tax $262.50 Homeowner's Insurance

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