312 NE 61st Ave, Portland, OR 97213
Local realty services provided by:Knipe Realty ERA Powered
312 NE 61st Ave,Portland, OR 97213
$1,165,000
- - Beds
- - Baths
- 4,768 sq. ft.
- Multi-family
- Active
Listed by: laura cavanaugh
Office: harnish company realtors503-699-8483
MLS#:127184610
Source:PORTLAND
Price summary
- Price:$1,165,000
- Price per sq. ft.:$244.34
About this home
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....
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Home facts
- Year built:1952
- Listing ID #:127184610
- Added:1 day(s) ago
- Updated:April 09, 2026 at 11:23 PM
Rooms and interior
- Basement Description:Finished
- Living area:4,768 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1952
- Building area:4,768 sq. ft.
- Lot area:0.16 Acres
- Lot Features:Sloped, Terraced
- Foundation Description:Concrete Perimeter
- Levels:2 Stories
Schools
- High school:Franklin
- Middle school:Mt Tabor
- Elementary school:Glencoe
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,165,000
- Price per sq. ft.:$244.34
- Tax amount:$10,722 (2025)
Parking
- Total parking spaces:3
- Parking description:Garage, Off Street
- Garage spaces:2
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