Recently Listed New Construction 5947 SE 60th AVE
Portland, OR, 97206 $ 1,789,900
Bedrooms5 Baths6.0 Sq 4,532 Monthly Estimate*
$ 11,021
for $1,789,900 with 5 bedrooms and 6 full baths. This 4,532 square foot home was built in 2025 on a lot size of 0.11.
New-construction fourplex investment opportunity located in Portland’s desirable Woodstock neighborhood, offering a strong combination of modern construction, efficient systems, and long-term rental appeal. Built by a local boutique builder, this property is designed for low-maintenance ownership and consistent tenant demand. The four attached homes range from approximately 972 to 1,294 square feet and offer a desirable unit mix of two 2-bedroom residences and two 3-bedroom residences. The larger homes feature three bedrooms upstairs with two full ensuite bathrooms, while all units include a half bathroom on the main level. A centrally located laundry area at the top of the stairs provides convenient access for tenants and supports functional, efficient layouts. Each residence offers a bright, open main level with high ceilings and ample natural light, enhancing livability and tenant satisfaction. Kitchens are built for durability and everyday use, featuring custom cabinetry, island with eat bar, stainless steel appliances, and tile backsplash. Every unit includes its own private, fenced patio or yard space, a highly attractive feature that helps differentiate the property within the rental market. Additional investment highlights include high-efficiency mini-split systems for heating and cooling, modern building standards, and thoughtful design choices that support reduced maintenance and long-term operational efficiency. The property is not a condo and has no HOA, allowing for simplified management and true fee-simple ownership. Located in the heart of Southeast Portland’s Woodstock neighborhood, the property benefits from strong rental demand driven by nearby dining, coffee shops, parks, and neighborhood amenities, making it well-positioned for long-term hold strategies, portfolio expansion, or 1031 exchange buyers seeking newer construction in an established submarket. An excellent opportunity for investors prioritizing new construction, efficient systems,
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FeaturesGeneralSewer PublicSewer
Heating MiniSplit
Cooling HeatPump MiniSplit
Roof Composition
Zoning R2.5
Garage Spaces 0
Year Built 2025
Stories Count 2
Parcel Number New Construction
Gross Income 98997.0
County Multnomah
Net Operating Income 68567.0
Operating Expense 30431.0
Property Type MultiFamily
HOA N
Subdivision Name WOODSTOCK
Rent Includes None
Status Active
Directions SE Woodstock Blvd to SE 60th Ave
High School Cleveland
City Portland
Disclosures Exempt
Number Of Units Total 4
MLS Area _143
Lot Size Square Feet 4791.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Woodstock
Tax Annual Amount 0
Middle/Junior High School Lane
Property Condition NewConstruction
Virtual Tour https://www.youtube.com/watch?v=y7AsApcosGM
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description TBD
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InteriorBasement CrawlSpace
Storage None
Hot Water Electricity Tank
Unit 1 Baths Total 3
Unit 1 Beds Total 3
Unit 2 Baths Total 3
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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ExteriorParking Features OnStreet
Lot Features Level
Water Source PublicWater
Total Parking 0
Exterior Description CementSiding LapSiding
Foundation Details ConcretePerimeter StemWall
Building Area Total 4532.0
Lot Dimensions 91.41x84x80x64
Lot Size Acres 0.11
Road Surface Type Paved
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $11,021
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Portland, OR
Average List Price $1,536,542
Percent of Sale Price 14%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949320 Elementary School
1949461 Middle School
Cleveland High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/7/2026 | $1,789,900 | | Listed Price |