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.
Pending
$900,000
646 SE 60th Ave, Portland, OR 97215
10beds
5,474sqft
Multi Family
Built in 1926
-- sqft lot
$-- Zestimate®
$164/sqft
$-- HOA
What's special
Busy high-visibility area
- 79 days
- 51
- 0
Zillow last checked:
Listing updated:
Listed by:
Steve Roesch 503-318-6351,
NextHome Realty Connection
Source: RMLS (OR),MLS#: 364335533
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
- Cumulative days on market: 79 days
- Listing terms: Cash,Conventional
- Total actual rent: 9795
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$2,727/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Pending sale | $900,000$164/sqft |
Source: | ||
| 7/27/2026 | Listed for sale | $900,000$164/sqft |
Source: | ||
| 6/21/2025 | Listing removed | $900,000$164/sqft |
Source: | ||
| 5/5/2025 | Listed for sale | $900,000-14.3%$164/sqft |
Source: | ||
| 1/9/2025 | Listing removed | $1,050,000$192/sqft |
Source: | ||
| 10/7/2024 | Listed for sale | $1,050,000+39.7%$192/sqft |
Source: | ||
| 3/19/2021 | Sold | $751,550$137/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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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Neighborhood: Mount Tabor
Nearby schools
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.








