646 SE 60TH AVE Portland, OR $ 900,000
646 SE 60TH AVE
$ 900,000
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646 SE 60TH AVE

Portland, OR, 97215
$ 900,000
Bedrooms10 Baths4.0 Sq 5,474

Monthly Estimate*

$ 5,683

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Multi-Family Home for sale in Portland, OR

for $900,000 with 10 bedrooms and 4 full baths. This 5,474 square foot home was built in 1926 on a lot size of 0.12.

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.

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Multi-Family Active

Price

$ 900,000

Bedrooms

10

Full Bath

4

Property Type

Multi-Family

Taxes

$ 13,499

Style

Lot Size

0.12

Year Built

1926

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

364335533

Features
General
Sewer PublicSewer
Heating Baseboard ForcedAir
Roof Composition
Zoning R5
Security Features Entry
Year Built 1926
Stories Count 2
Tax Year 2025
Parcel Number R221952
Gross Income 128940.0
Community Features AllLandscaping
County Multnomah
Net Operating Income 75611.0
Operating Expense 57174.0
Property Type MultiFamily
HOA N
Subdivision Name MT TABOR
Rent Includes Gas Heat TrashCollection Water
Status Active
Directions Stark S on 60th Ave
High School Franklin
City Portland
Number Of Units Total 11
MLS Area _143
Lot Size Square Feet 5227.0
Listing Terms Cash Conventional
Elementary School Glencoe
Tax Annual Amount 13499.12
Middle/Junior High School Mt Tabor
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description MT TABOR CENTRAL TR BLOCK 2 LOT 14
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Interior
Basement FullBasement
Storage Basement
Unit 10 Beds Total 3
Unit 1 Baths Total 1
Unit 1 Beds Total 0
Unit 2 Baths Total 0
Unit 2 Beds Total 1
Unit 3 Baths Total 0
Unit 3 Beds Total 1
Unit 4 Baths Total 0
Unit 4 Beds Total 1
Unit 5 Beds Total 1
Unit 6 Beds Total 0
Unit 7 Beds Total 1
Unit 8 Beds Total 1
Unit 9 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType10 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5 UnitTypeType6 UnitTypeType7 UnitTypeType8 UnitTypeType9
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Exterior
Parking Features OnStreet
Lot Features Level
Water Source PublicWater
Exterior Description WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 5474.0
Lot Size Acres 0.12
Road Surface Type Paved
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Internal Only
Street Number 1 646
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* Excluded Features
List By
Nexthome Realty Connection

Broker

Steve@NextHomePDX.com

Email

Affordability Calculator

$6,808
Per Month
83%
17%
0%
Monthly Principal & Interest
$5,683
Monthly Property Taxes
$1,125
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
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Nearby
1951009 Elementary School
1948940 Middle School
Franklin High School High School
Pricing History
DatePricePrice ChangeDescription
7/27/2026$900,000 Listed Price

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646 SE 60TH AVE, Portland, OR, 97215 is a Multi-Family Home for sale at $900,000 with 5,474 sqft and a lot size of 0.12. 646 SE 60TH AVE has 10 bedrooms, 4.0 baths, and was built in 1926. The property's zip code is 97215 which is in Portland, OR