232 Northeast 61st Avenue

Portland, OR 97213

$3,999,900
Price
Beds
12,240 Sq. Ft.
$327 / Sq. Ft.
12,240
Sq. Ft.
$327
per Sq. Ft.

Description

Bolster your investment portfolio with this phenomenal opportunity to own an exquisite, fully leased, new construction 15-unit apartment complex from a quality local builder. Nestled in NEs hotspot of North Tabor this location will have everything you need at your doorstep! High-end, modern finishes grace each space of these expertly crafted units which feature tall ceilings + an open concept floor plan bringing an abundance of natural light with designer tones! With a mix of 1 be + 2 bed units further...Bolster your investment portfolio with this phenomenal opportunity to own an exquisite, fully leased, new construction 15-unit apartment complex from a quality local builder. Nestled in NEs hotspot of North Tabor this location will have everything you need at your doorstep! High-end, modern finishes grace each space of these expertly crafted units which feature tall ceilings + an open concept floor plan bringing an abundance of natural light with designer tones! With a mix of 1 be + 2 bed units further diversifying your investment portfolio. Custom cabinetry, desirable stainless-steel appliances + stackable W/D finish out the interior! Indoor bike storage + enclosed trash area round out a few other notable items plus 1-year builder warranty with peace of mind + 15-year new construction rent-control exemption!
  1. Listed by Darryl Bodle • Keller Williams Realty Portland Premiere
  2. Listed by Kelly Christian • Keller Williams Realty Portland Premiere

Property Details for 232 Northeast 61st Avenue

Subdivision
NORTH TABOR
Zoning
RM2
View
Trees Woods
LISTING UPDATED: 11/11/2024 02:19 PM

Property Details for 232 Northeast 61st Avenue

StatusActive
MLS #24473358
Days on Market313
Taxes$2,616 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2024
Lot Size0.15 AC / 6,534 SF
CountyMultnomah County

Virtual Tour

Building Information for 232 Northeast 61st Avenue

Stories3Residences15Year Built2024Building Size-Lot Size0.15 AC / 6,534 SF

Property Information for 232 Northeast 61st Avenue

Summary
Location and General Information
  • Country: US
  • Directions: NE Glisan St, S on NE 61st Ave
  • Road Surface: Paved
School Information
  • Elementary School: Vestal
  • High School: Franklin
  • Middle Or Junior School: Mt Tabor
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $2,615.68
  • Parcel Number: R230713
  • Tax Legal Description: ORCHARD HOMES, BLOCK 6, LOT 27
Virtual Tour
Property
Lot Information
  • Acres: 0.15
  • Lot Description: Level
  • Lot Size Square Feet: 6534.0
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: New Construction
  • Year Built: 2024
Utilities
  • Fuel Description: Electricity
  • Heating Description: Zoned
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding
  • Roof Type: Composition
Interior Features
  • Foundation Details: Concrete Perimeter, Slab
  • Stories: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 15
  • Gross Income Actual: $277,065.00
  • Gross Rent Multiplier: $14.44
  • Net Income Actual: $217,993.00
  • Operating Expense: $59,072.00
  • Security Features: Sidewalk
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6, Unit Type Type7
  • Common Amenities: Commons
  • SqFt Approximate Building Total: 12240
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Dishwasher, Microwave, Range
  • Unit Type 1 Rent: $1,325
  • Unit Type 1 SqFt: 495.0
  • Unit Type 1 Units Total: 2
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Dishwasher, Microwave, Range
  • Unit Type 2 Rent: $1,395
  • Unit Type 2 SqFt: 500.0
  • Unit Type 2 Units Total: 2
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Dishwasher, Microwave, Range
  • Unit Type 3 Rent: $1,750
  • Unit Type 3 SqFt: 692.0
  • Unit Type 3 Units Total: 3
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Dishwasher, Microwave, Range
  • Unit Type 4 Rent: $1,700
  • Unit Type 4 SqFt: 582
  • Unit Type 4 UnitsTotal: 2
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Baths Decimal: 1.00
  • Unit Type 5 Beds Total: 2
  • Unit Type 5 Features: Dishwasher, Microwave, Range
  • Unit Type 5 Rent: $1,595
  • Unit Type 5 SqFt: 536.0
  • Unit Type 5 Units Total: 2
Unit 6 Information
  • Unit Type 6 Baths Total: 1
  • Unit Type 6 Baths Decimal: 1.00
  • Unit Type 6 Beds Total: 1
  • Unit Type 6 Features: Dishwasher, Microwave, Range
  • Unit Type 6 Rent: $1,295
  • Unit Type 6 SqFt: 419.0
  • Unit Type 6 Units Total: 2
Unit 7 Information
  • Unit Type 7 Baths Total: 2
  • Unit Type 7 Baths Decimal: 2.00
  • Unit Type 7 Beds Total: 2
  • Unit Type 7 Features: Dishwasher, Microwave, Range
  • Unit Type 7 Rent: $1,700
  • Unit Type 7 SqFt: 597
  • Unit Type 7 Units Total: 2

Property History for 232 Northeast 61st Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 232 Northeast 61st Avenue

Taxable ValueLand-Additions-Total-
Tax Record2024$22,719 ($1,893 / month)
Home Facts
Baths1Total Finished SqFt11,326 SqFtAbove Grade Finished SqFt11,326 SqFtStories1Lot Size6,682 SqFtStyleMulti-Family Res (5+ Units)Year Built2024ZoningR2CountyMULTNOMAHAPN1N2E31DA 02200

Schools near 232 Northeast 61st Avenue

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Vestal Elementary School
PublicK to 5

Roseway Heights School
Public6 to 8

Leodis V. McDaniel High School
Public9 to 12

Portland Arthur Academy Charter School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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232 Northeast 61st Avenue is a multi-family home for sale in Portland, OR 97213. This property was listed for sale on February 14, 2024 by Keller Williams Realty Portland Premiere, it's currently listed at $3,999,900. It has been on the market for a total of 313 days and was last sold on November 14, 2022. This listing's school district is Portland School District 1j. Nearby schools include Vestal Elementary School, Roseway Heights School and Leodis V. McDaniel High School. 232 Northeast 61st Avenue is a 0-bed, 0-bath, 12,240 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Portland Premiere

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 11/11/2024 02:19 PM