424 NE 61ST AVE, Portland, OR 97213
- $665,000
- 3,577
- SqFt
- Sold Price
- $665,000
- List Price
- $689,000
- Closing Date
- Dec 11, 2025
- Days on Market
- 82
- MLS#
- 243486181
- Property Type
- Multifamily
- Sqft. of Residence
- 3,577
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland Northeast
- Status
- SOLD
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.
Additional Information
- Tax Amount
- $7,453
- Year Built
- 1963
- High School
- Franklin
- Elementary School
- Glencoe
- Middle School
- Mt Tabor
- Garage Spaces
- 2
- Acres
- 0.14
- Living Area
- 3,577
- Stories
- 2
- Subdivision
- Orchard Homes
- Lot Size Dimension
- Approx. 5,907 SqFt
- Terms
- Cash, Conventional
- Cooling Description
- None
- Fuel Description
- Gas, Solar
- Heating Description
- Forced Air
- Hoa Rent Includes
- Trash Collection
- Hot Water Description
- Gas
- Exterior Description
- Brick, Cedar
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Driveway, Garage
- Parking Description
- Driveway, Garage
- Road Surface
- Paved
- Number Of Units Total
- 3
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1465
- Unit Type One Sq Ft
- 1802
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 1
- Unit Type Three Rent
- 1200
- Unit Type Three Sq Ft
- 876
- Unit Type Three Units Total
- 1
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Listing courtesy of Soldera Properties, Inc. Selling Office: RealEstatePDX.com.
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