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Listed by Harnish Company Realtors • harnish@harnishproperties.com
$1,165,000
Est. payment /mo
4,768 SqFt
Active
312 NE 61ST AVE Portland, OR 97213
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,768 sqft
Price per Sqft $244
Subdivision North Tabor
MLS Listing ID 127184610
Year Built 1952
Annual Tax Amount $10,722
Tax Year 2025
Lot Size 6,969 Sqft
Property Description
Located in Portland's sought-after North Tabor neighborhood, this solid mid-century triplex offers a compelling blend of character, stability, and long-term upside. Built in 1952, the property features a well-balanced unit mix of one 3 bed / 1 bath unit, one 3 bed / 2 bath unit, and one 1 bed / 1 bath unit, all currently rented and providing immediate income.The two larger units showcase original hardwood floors, coved ceilings, fireplaces, and well-maintained interiors, with select updates that complement the home's vintage charm. The 1 bed / 1 bath unit is fully permitted and includes a sprinkler system, enhancing both safety and peace of mind. The property also offers three off-street parking spaces and two attached garages. The roof was replaced in 2023, reducing near-term capital expenses. Shared outdoor spaces include an inviting deck and terraced backyard, creating a natural setting for entertaining with sweeping city views.This well-connected, central Portland location offers easy access to some of NE Portland's most established neighborhoods. Enjoy close proximity to Laurelhurst, Mt. Tabor, and PDX, along with convenient access to downtown, major commuter routes, transit, and nearby hospitals including Providence and Legacy Emanuel. It's a neighborhood that consistently attracts long-term tenants thanks to its balance of walkability, green space, and everyday convenience.At a 5% cap rate, this property offers steady cash flow from day one. A strong investment opportunity in one of NE Portland's most desirable areas, with stable in-place income and long-term appreciation potential.
Location
State OR
County Multnomah
Community Commons
Area _142
Zoning RM2
Rooms
Basement Finished
Interior
Heating Forced Air
Cooling None
Exterior
Garage Spaces 2.0
Community Features Commons
View City
Roof Type Composition
Garage No
Building
Lot Description Sloped, Terraced
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Glencoe
Middle Schools Mt Tabor
High Schools Franklin
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
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