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Nathan Stancil

nathan@exploreoregonhomes.com +1(503) 621-4693

Listed by Harnish Company Realtors • harnish@harnishproperties.com

$ 1,165,000

Est. payment | -/mo

4,768 SqFt

Save

$ 1,165,000

Est. payment | -/mo

Save

4,768 SqFt

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

Regional Multiple Listing Service (RMLS)

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 621-4693

nathan@exploreoregonhomes.com

312 NE 61ST AVE Portland, OR 97213