Gillespie realty group

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$900,000
1 Day On Site

646 SE 60TH AVE
Portland, OR97215

For Sale|Multi Family|Active
10
Beds
4
Total Baths
5,474
SqFt
$164
/SqFt
1926
Built
Subdivision:
MT TABOR
County:
Multnomah
Listing courtesy of Steve Roesch of NextHome Realty Connection (503) 318-6351

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

646 SE 60TH AVE646 SE 60TH AVE646 SE 60TH AVE646 SE 60TH AVE
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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.

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Listing Snapshot
Price 
$900,000
Days On Site 
1 Day
Bedrooms 
10
Inside Area (SqFt) 
5,474 sqft
Total Baths 
4
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.12 Acres
Year Built 
1926
MLS® Number 
364335533
Status 
Active
Property Tax 
$13,499.12
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
0.12
Foundation 
Concrete Perimeter
Parking 
On Street
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Total 
5474
Water Source 
Public
Zoning 
R5
Interior Features
Basement 
Full
Heating 
BaseboardForced Air
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Exterior Features
Lot Features 
Level
Roof 
Composition
Community Features
Financing Terms Available 
CashConventional
MLS Area 
_143
Roads 
Paved
Schools
School District
Unknown
Elementary School
Glencoe
Middle School
Mt Tabor
High School
Franklin
Listing courtesy of Steve Roesch of NextHome Realty Connection (503) 318-6351



The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than NextHome Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

Last checked 2026-07-28 04:10 PM PDT.

All information provided is deemed reliable but is not guaranteed and should be independently verified

Neighborhood & Commute
Source: Walkscore
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