2892 NE 61st AVE
Portland, OR, 97213 $ 1,599,900
Bedrooms5 Baths6.0 Sq 3,001 Monthly Estimate*
$ 10,102
for $1,599,900 with 5 bedrooms and 6 full baths. This 3,001 square foot home was built in 2026 on a lot size of 0.11.
Located in Portland’s desirable Rose City Park neighborhood, this fully completed three unit offering presents a rare opportunity to acquire a modern, move-in ready multifamily asset in a highly rentable close-in Northeast Portland location. Its very walkable setting and strong bike accessibility appeal to tenants who value neighborhood amenities and everyday convenience, with shops, restaurants, cafes, groceries, parks, and transit along NE Sandy Blvd and throughout the Hollywood District supporting long term tenant demand. The property includes three townhouse style residences with a balanced mix of two and three bedroom layouts, creating flexibility across the prospective tenant pool. Designed and developed by a renowned local builder known for efficient use of space, distinct accent walls with built-ins, and integrated lighting features, each residence pairs polished design with a highly functional layout. High ceilings and open great room living define the main levels, while kitchens feature solid surface countertops, stainless steel appliances, generous cabinetry, and islands with eat bars. Upstairs bedrooms feature vaulted ceilings, crown molding with integrated lighting, and conveniently located laundry. Energy efficient mini splits provide year round heating and cooling. Each residence also includes private outdoor space, with the end unit benefiting from a larger fenced yard that further supports tenant appeal. All three homes are fully complete and move-in ready, eliminating construction or lease up delays and allowing an investor to immediately begin positioning the property for occupancy. With modern construction, practical layouts, distinctive finishes, and a strong close in location, this is a compelling opportunity for investors seeking a low maintenance asset with durable rental demand in one of Portland’s most established and amenity rich neighborhoods.
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FeaturesGeneralSewer PublicSewer
Heating HeatPump MiniSplit WallHeater
Cooling HeatPump MiniSplit
Roof Composition
Zoning R2.5
Security Features Sidewalk
Year Built 2026
Stories Count 2
Tax Year 2026
Parcel Number New Construction
Gross Income 92523.0
County Multnomah
Net Operating Income 65877.0
Operating Expense 23434.0
Property Type MultiFamily
HOA N
Subdivision Name ROSE CITY PARK
Rent Includes None
Status Active
Directions NE Stanton To NE Sandy
High School Leodis McDaniel
City Portland
Disclosures Exempt
Number Of Units Total 3
MLS Area _142
Lot Size Square Feet 4791.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Rose City Park
Tax Annual Amount 0
Middle/Junior High School Roseway Heights
Property Condition UnderConstruction
Virtual Tour https://www.youtube.com/watch?v=JwkKaKlySr8
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 CornerLot Level
Water Source PublicWater
Total Parking 0
Exterior Description BoardBattenSiding CementSiding LapSiding
Foundation Details ConcretePerimeter
Building Area Total 3001.0
Lot Dimensions 50x100
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
- $10,102
- Monthly Property Taxes
- --
- 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.
Learn more about how to save NearbyMulti-family listings in Portland, OR
Average List Price $1,610,373
Percent of Sale Price 1%
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.
3269613 Elementary School
3269618 Middle School
Leodis McDaniel High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/28/2026 | $1,599,900 | | Listed Price |