2892 NE 61st Ave, Portland, OR 97213

$1,199,900
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Property Description

Located in Portland's desirable Rose City Park neighborhood, this fully completed three unit offering presents a rare opportunity to acquire a modern, move-in ready multifamily asset in a highly rentable close-in Northeast Portland location. Its very walkable setting and strong bike accessibility appeal to tenants who value neighborhood amenities and everyday convenience, with shops, restaurants, cafes, groceries, parks, and transit along NE Sandy Blvd and throughout the Hollywood District supporting long term tenant demand. The property includes three townhouse style residences with a balanced mix of two and three bedroom layouts, creating flexibility across the prospective tenant pool. Designed and developed by a renowned local builder known for efficient use of space, distinct accent walls with built-ins, and integrated lighting features, each residence pairs polished design with a highly functional layout. High ceilings and open great room living define the main levels, while kitchens feature solid surface countertops, stainless steel appliances, generous cabinetry, and islands with eat bars. Upstairs bedrooms feature vaulted ceilings, crown molding with integrated lighting, and conveniently located laundry. Energy efficient mini splits provide year round heating and cooling. Each residence also includes private outdoor space, with the end unit benefiting from a larger fenced yard that further supports tenant appeal. All three homes are fully complete and move-in ready, eliminating construction or lease up delays and allowing an investor to immediately begin positioning the property for occupancy. With modern construction, practical layouts, distinctive finishes, and a strong close in location, this is a compelling opportunity for investors seeking a low maintenance asset with durable rental demand in one of Portland's most established and amenity rich neighborhoods.

2892 NE 61st Ave | MLS# 653353170

This multi-family property located at 2892 NE 61st Ave, Portland, OR 97213 is currently listed for sale with an asking price of $1,199,900. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: Heat Pump, MiniSplit
Fuel Type: Electricity
Heating: Heat Pump, Mini Split, WallHeater
Lot Size: 0.11 Acres
Roof Type: Composition
Stories: 2.0
Year Built: 2026
Square Feet: 3,001

Units

Unit Type 1:
Bathroom(s): 3
Bedrooms: 3
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $2950.00
Square Footage: 1177
Total Units: 1
Unit Type 2:
Bathroom(s): 3
Bedrooms: 2
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $2350.00
Square Footage: 912
Total Units: 2

Feature Descriptions

Days on Site: 277
Exterior: Board & Batten Siding, Cement Siding, Lap Sidi
Gross Income: $92523.00 (Actual)
Hot Water: Electricity, Tank
Lot: Corner Lot, Level
Lot Dimensions: 50x100
Net Income: $65877.00 (Actual)
Operating Expenses: $23434.00 (Actual)
Parking: OnStreet
Parking Notes: OnStreet
Sewer: Public Sewer
Special View Info: Trees/Woods
Storage: None
Units: 3
Water: Public Water

Local Schools

High School: Leodis McDaniel
Middle School: Roseway Heights
Elementary School: Rose City Park

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Portland Premiere
Agency Contact: 503-709-4632

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 6,417.32 per month $6,067.35 Principal & Interest $0.00 Property Tax (data not provided by mls) $349.97 Homeowner's Insurance

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