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Active
  • $900,000

    646 SE 60th Ave, Portland, OR 97215

    10beds
    5,474sqft
    : 
    $6,687/mo
    Get pre-qualified
    Multi Family
    Built in 1926
    -- sqft lot
    $-- Zestimate®
    $164/sqft
    $-- HOA

    What's special

    Busy high-visibility area
    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.
    24 days
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    816
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    35
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    Zillow last checked:

    Listing updated:

    Listed by:

    Steve Roesch 503-318-6351,

    NextHome Realty Connection

    Source: RMLS (OR),MLS#: 364335533MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      • Bathrooms: 5
      • Full bathrooms: 5
      Heating
      • Baseboard, Forced Air
      Features
      • Basement: Full,Storage Space
      Interior area
      • Total structure area: 5,474
      • Total interior livable area: 5,474 sqft

      Property

      Parking
      • Parking features: On Street
      • Has uncovered spaces: Yes
      Features
      • Stories: 2
      Lot
      • Size: 5,227 Square Feet
      • Features: Level, SqFt 5000 to 6999
      Details
      • Parcel number: R221952
      • Zoning: R5

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Wood Siding
      • Foundation: Concrete Perimeter
      • Roof: Composition
      Condition
      • Approximately
      • Year built: 1926

      Utilities & green energy

      • Gas: Gas
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: All Landscaping
      • Security: Entry
      • Subdivision: Mt Tabor
      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $164/sqft
      • Tax assessed value: $883,400
      • Annual tax amount: $13,499
      • Date on market: 7/27/2026
      • Listing terms: Cash,Conventional
      • Total actual rent: 9795
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $3,013/mo

        Price history

        DateEventPrice
        7/27/2026Listed for sale$900,000$164/sqft
        Source: RMLS (OR) #364335533 Report a problem
        6/21/2025Listing removed$900,000$164/sqft
        Source: NextHome #494169870 Report a problem
        5/5/2025Listed for sale$900,000-14.3%$164/sqft
        Source: NextHome #494169870 Report a problem
        1/9/2025Listing removed$1,050,000$192/sqft
        Source: NextHome #24253308 Report a problem
        10/7/2024Listed for sale$1,050,000+39.7%$192/sqft
        Source: NextHome #24253308 Report a problem
        3/19/2021Sold$751,550$137/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$13,499 +3.7%$500,990 +3%
        2024$13,014 +4%$486,400 +3%
        2023$12,514 +2.2%$472,240 +3%
        2022$12,243 +1.7%$458,490 +3%
        2021$12,035 +9%$445,140 +3%
        2020$11,041 +3.8%$432,180 +3%
        2019$10,635 $419,600 +3%
        2018$10,635 +3%$407,380 +3%
        2017$10,322 +14%$395,520 +3%
        2016$9,054 $384,000 +3%
        2015$9,054 +2.7%$372,820 +3%
        2014$8,816 +7.4%$361,970 +3%
        2013$8,210 +23.1%$351,430 +3%
        2012$6,672 +5.9%$341,200 +3%
        2011$6,302 -9.1%$331,270 +3%
        2010$6,934 +1.6%$321,630 +3%
        2009$6,822 +6%$312,270 +3%
        2008$6,438 +0.3%$303,180 +3%
        2007$6,419 +11.4%$294,350 +3%
        2006$5,764 +5.5%$285,780 +3%
        2005$5,463 -7.9%$277,460 +3%
        2004$5,929 +5.1%$269,380 +3%
        2003$5,639 +4.7%$261,540 +3%
        2002$5,385 +12.1%$253,930 +6.1%
        2000$4,802 +3%$239,360 +3%
        1999$4,663 $232,390
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Mount Tabor

        Getting around

        71 / 100
        Very Walkable
        49 / 100
        Some Transit
        70 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Glencoe
        • Middle: Mt Tabor
        • High: Franklin

        Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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