723 SE 60th Ave, Portland, OR 97215
Local realty services provided by:Knipe Realty ERA Powered
723 SE 60th Ave,Portland, OR 97215
$7,500,000
- - Beds
- - Baths
- 36,693 sq. ft.
- Multi-family
- Active
Listed by: jude soldati
Office: smi commercial real estate llc.503-390-6060
MLS#:185390634
Source:PORTLAND
Price summary
- Price:$7,500,000
- Price per sq. ft.:$204.4
About this home
Wingsong Apartments offers the opportunity to acquire a high-quality 34-unit apartment community in one of Portland’s most desirable eastside neighborhoods, with attractive in-place financing (sub-3.5%) and clear rent growth potential.Built in 1993, the property consists of 34 large, open-layout units with a highly desirable unit mix. Apartments feature spacious floor plans, and a unit mix weighted toward large two-bedroom two bathroom layouts that support strong tenant demand and long-term retention. Full size in-unit washer dryers, private balconies and patios, and ample greenspace. Garages and off-street parking further, in a neighborhood where parking can be limited, support long-term tenant demand and operational stability.The property has been well maintained and does not require significant near-term capital investment, allowing a new owner to focus on operations. In-place rents trail comparable Mt. Tabor area assets when considering unit sizes, parking, and overall livability, creating a clear opportunity for income growth through a measured rent strategy. For buyers seeking additional upside, modest, high-ROIcosmetic improvements can be implemented over time to further support rent growth and long-term value.The offering is further enhanced by attractive assumable financing with a 3.43% fixed interest rate through 2031. This provides immediate positive leverage and protection against today’s higher interest rate environment, materially improving yield and cash flow. Located near Mt. Tabor Park and close-in East Portland amenities, Wingsong benefits from consistent renter demand and long-term neighborhood appeal. Assets of this quality and scale rarely trade with both operational upside and favorable in-place debt....
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Home facts
- Year built:1993
- Listing ID #:185390634
- Added:41 day(s) ago
- Updated:June 24, 2026 at 11:19 AM
Rooms and interior
- Living area:36,693 sq. ft.
Structure and exterior
- Year built:1993
- Building area:36,693 sq. ft.
- Lot area:1.43 Acres
- Levels:3 Stories
Schools
- High school:Franklin
- Middle school:Mt Tabor
- Elementary school:Glencoe
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$7,500,000
- Price per sq. ft.:$204.4
- Tax amount:$79,992 (2025)
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