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Listing provided courtesy of Keller Williams Realty Portland Premiere- MLS# 24473358MLS ProviderContact Information: 503-709-4632

232 NE 61ST AVEPortland, OR 97213

Multi-Family · 12,240 Sq. ft. | 0.15 Acres
$3,999,900 Active

232 NE 61ST AVE Overview

Time on Site:
866 days
Visits:
47

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 15-year new construction rent-control exemption!

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232 NE 61ST AVE Facts & Features

  • Type Multi-Family
  • Sq. ft. 12,240
  • Price/Sq.ft. $327
  • Lot 0.15 Acres

Details

General

School Information

  • Elementary School: Vestal
  • Middle Or Junior School: Mt Tabor
  • High School: Franklin

Income/Expenses

  • Gross Income: 277065.0
  • Net Operating Income: 217993.0
  • Operating Expense: 59072.0

Building Information

  • Year Built: 2024

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 142 - Portland Northeast
  • Subdivision Name: NORTH TABOR

Community/Development

  • Community Features: Commons

Rent/Lease Information

  • Rent Includes: None

Tax Information

  • Tax Annual Amount: 40889.67
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: R230713
  • Property Condition: New Construction
  • Property Type: Multi Family
  • Zoning: RM2

Interior

Building Interior

  • Building Area Total: 12240.0

General Information

  • Foundation Details: Concrete Perimeter,Slab
  • Heating: Zoned
  • Security Features: Sidewalk
  • Stories: 3

Exterior

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.15
  • Lot Size Square Feet: 6534.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 15
  • Sewer: Public Sewer

232 NE 61ST AVE Neighborhood

Community

97213 (Portland) Demographics

41
Median Age
8,110
Population Density (per sq. mile)
66%
College Educated
$80,916
Estimated Median Income
9,378
Estimated Total Home Owners
5,289
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

232 NE 61ST AVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

232 NE 61ST AVE Market Data

Based on the last 30 days in this zip code

$490,975
Average List Price
$304
Average Price per Square Foot
32
Properties Sold
83
Average Days on Market
110
Properties for Sale
Calculations provided by Reliance Network

232 NE 61ST AVE History

Date Event Value Agent
2/14/2024Source: Regional MLS Added to Database
February 14, 2024