OR > Portland > Orchard Homes
Portland, OR 97213,424 NE 61ST AVE
Portland, OR 97213,424 NE 61ST AVE
Portland, OR 97213,424 NE 61ST AVE
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$689,000
Est. payment /mo
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3,577 SqFt
Pending

424 NE 61ST AVE Portland, OR 97213

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Donna Jo Merrifield

Donna Jo Merrifield

+1(541) 981-1436

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,577 sqft

Price per Sqft $192

Subdivision Orchard Homes

MLS Listing ID 243486181

HOA Y/N No

Year Built 1963

Annual Tax Amount $7,453

Tax Year 2024

Lot Size 6,098 Sqft

Property Description

Built in 1963, this well-maintained triplex offers a practical investment opportunity with solid income potential and flexible living arrangements. With approximately 3,577 square feet spread over two stories, the property includes three individual units, each designed for comfortable day-to-day living. Two of the units feature two bedrooms and one bath, while the third unit offers a one-bedroom, one-bath layout. Each home has its own sense of privacy, with thoughtful floor plans and plenty of natural light.The property includes a double detached garage along with generous parking options, both on and off the street, making it convenient for residents and guests alike. Inside, you'll find two classic wood-burning fireplaces that add character and warmth, a feature rarely found in similar income properties. A composition roof provides durability, and the building has been cared for over the years, offering a balance of vintage charm and reliable function.Located in a convenient neighborhood, the triplex sits close to shopping, dining, and everyday services, as well as public transportation and major roadways. This makes it appealing to renters who value accessibility and an easy commute. The surrounding area continues to attract steady demand, supporting long-term rental stability and investment growth.For those considering owner occupancy, the option of living in one unit while renting the others can help offset expenses while still enjoying the independence of a single-family style residence. Investors will appreciate the straightforward management and potential for consistent returns.The seller may also complete a 1031 deferred tax exchange at no cost to the buyer, adding further value to the transaction. With its strong fundamentals, ample parking, and desirable location, this triplex represents a rare chance to secure a multi-unit property with immediate and lasting appeal.

Location

State OR

County Multnomah

Area _142

Zoning Multi

Rooms

Basement Daylight

Interior

Heating Forced Air

Cooling None

Exterior

Garage Spaces 2.0

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Glencoe

Middle Schools Mt Tabor

High Schools Franklin

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

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Donna Jo Merrifield

Donna Jo Merrifield

Principal Broker, South/Central OR Area Leader, Dream & Key Group Team Leader | License ID: 971200102

+1(541) 981-1436

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424 NE 61ST AVE