Benedicte Carbonnier - Coldwell Banker Walla Walla Logo
$900,000
 $4,831 est/mo Sourced by Back At You

646 SE 60th Ave,Portland, OR 97215

Portland, OR 97215

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Description

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.

Details

MLS #364335533
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1926
Days On Site48
Listing Provided ByNextHome Realty Connection | Steve Roesch

Features

SQ Feet5,474
BasementY
Story(s)2
Units11
ZoningR5
Acreage0.12

Interior

HeatingBaseboard, Forced Air
Heating YnYes
Cooling YnNo

Exterior

RoofComposition
Security FeaturesEntry
Foundation DetailsConcrete Perimeter
Lot FeaturesLevel

Parking

Attached Garage YnNo
Parking FeaturesOn Street

Taxes

Property13499

Area Information

StateOR
CountyMultnomah
CityPortland
Zip Code97215
Community NameMT TABOR
School DistrictFranklin
Elementary SchoolGlencoe
High SchoolFranklin
Listing VS Median (in MT TABOR)
Price:
$900,000
low | high
Med:
$937,500
45.833333333333% of Average
sqft:
5,474
low | high
Med:
2,335
100% of Average
$ / sqft:
$164
low | high
Med:
$403
94.955413485394% of Average
On site:
48
low | high
Med:
9
100% of Average
Sourced by Back At You

Market Activity 97215

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Madaire Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2020 RMLS™, Portland, Oregon.

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Contact

Learn More About This Property

Benedicte Carbonnier

Benedicte Carbonnier

Coldwell Banker Walla Walla

 (509) 730-9755benedicte@wallawallacb.com
StateOR
CountyMultnomah
CityPortland
Zip Code97215
Community NameMT TABOR
School DistrictFranklin
Elementary SchoolGlencoe
High SchoolFranklin
Listing VS Median (in MT TABOR)
Price:
$900,000
low | high
Med:
$937,500
45.833333333333% of Average
sqft:
5,474
low | high
Med:
2,335
100% of Average
$ / sqft:
$164
low | high
Med:
$403
94.955413485394% of Average
On site:
48
low | high
Med:
9
100% of Average
Sourced by Back At You
Listing Updated: August 27, 2026 at 2:59:16 PM PDT