Address
646 Se 60th Ave, Portland, OR
Price
$ 900,000
Property Attributes
- MLS#364335533
- TypeMulti-Family
- Listing Status Pending
- CountyMULTNOMAH
- CityPortland
- Area143
- NeighborhoodMT TABOR
- Zip97215
- Style
- Year Built1926
- Taxes$ 13499
- Price$ 900,000
- Bedrooms10
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage5474
- Lot Size0.12 Acres
Data Source:
Regional Multiple Listing Service (RMLSOR)
Property 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Glencoe Elementary School | Mt Tabor Middle School | Franklin High School |
| Price History | |
|---|---|
| 7/27/2026 | Listed $900,000 |
General Features
| 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 | No |
| Subdivision Name | MT TABOR |
| Rent Includes | Gas,Heat,TrashCollection,Water |
| Status | Pending |
| 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 | Pending |
| Accessory Dwelling Unit Y/N | No |
| Legal Description | MT TABOR CENTRAL TR,BLOCK 2,LOT 14 |
Interior Features
| Basement | FullBasement |
|---|---|
| Storage | Basement |
| UnitType10ActualRent | 1395 |
| UnitType10BathsTotal | 1 |
| Unit 10 Beds Total | 3 |
| UnitType10UnitsTotal | 1 |
| UnitType1ActualRent | 750 |
| Unit 1 Baths Total | 1 |
| UnitType1UnitsTotal | 2 |
| UnitType2ActualRent | 1395 |
| Unit 2 Beds Total | 1 |
| UnitType2UnitsTotal | 1 |
| UnitType3ActualRent | 765 |
| Unit 3 Beds Total | 1 |
| UnitType3UnitsTotal | 1 |
| UnitType4ActualRent | 785 |
| Unit 4 Beds Total | 1 |
| UnitType4UnitsTotal | 1 |
| UnitType5ActualRent | 525 |
| Unit 5 Beds Total | 1 |
| UnitType5UnitsTotal | 1 |
| UnitType6ActualRent | 795 |
| UnitType6BathsTotal | 1 |
| UnitType6UnitsTotal | 1 |
| UnitType7ActualRent | 845 |
| Unit 7 Beds Total | 1 |
| UnitType7UnitsTotal | 1 |
| UnitType8ActualRent | 795 |
| Unit 8 Beds Total | 1 |
| UnitType8UnitsTotal | 1 |
| UnitType9ActualRent | 995 |
| UnitType9BathsTotal | 1 |
| Unit 9 Beds Total | 1 |
| UnitType9UnitsTotal | 1 |
| FuelDescription | Electricity,Gas |
| Unit Type | UnitTypeType1,UnitTypeType10,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5,UnitTypeType6,UnitTypeType7,UnitTypeType8,UnitTypeType9 |
Exterior Features
| 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 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 97215
Price
Taxes
Year Built
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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Copyright © 2026 WVMLS. All Rights Reserved. Information last updated on September 11, 2026 7:16 AM UTC
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
