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232 NE 61st Ave, Portland, OR 97213

$3,999,900
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Property Description

Bolster your investment portfolio with this phenomenal opportunity to own an exquisite, fully leased, new construction 15-unit apartment complex from a quality local builder. Nestled in NEs hotspot of North Tabor this location will have everything you need at your doorstep! High-end, modern finishes grace each space of these expertly crafted units which feature tall ceilings + an open concept floor plan bringing an abundance of natural light with designer tones! With a mix of 1 be + 2 bed units further diversifying your investment portfolio. Custom cabinetry, desirable stainless-steel appliances + stackable W/D finish out the interior! Indoor bike storage + enclosed trash area round out a few other notable items plus 15-year new construction rent-control exemption!

232 NE 61st Ave | MLS# 24473358

This multi-family property located at 232 NE 61st Ave, Portland, OR 97213 is currently listed for sale with an asking price of $3,999,900. Search Portland real estate on www.williamraven.realtor today.

Property Features

Property Type: Multi Unit - Multiple
Fuel Type: Electricity
Heating: Zoned
Roof Type: Composition
Stories: 3.0
Taxes: $40,890
Year Built: 2024
Square Feet: 12,240

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Microwave, Range
Rent: $1325.00
Square Footage: 495
Total Units: 2
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Microwave, Range
Rent: $1395.00
Square Footage: 500
Total Units: 2
Unit Type 3:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Microwave, Range
Rent: $1750.00
Square Footage: 692
Total Units: 3
Unit Type 4:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Microwave, Range
Rent: $1700.00
Square Footage: 582
Total Units: 2
Unit Type 5:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Microwave, Range
Rent: $1595.00
Square Footage: 536
Total Units: 2
Unit Type 6:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Microwave, Range
Rent: $1295.00
Square Footage: 419
Total Units: 2
Unit Type 7:
Bathroom(s): 2
Bedrooms: 2
Features: Dishwasher, Microwave, Range
Rent: $1700.00
Square Footage: 597
Total Units: 2

Feature Descriptions

Days on Site: 748
Exterior: Cement Siding
Gross Income: $277065.00 (Actual)
Hot Water: Electricity
Lot: Level
Net Income: $217993.00 (Actual)
Operating Expenses: $59072.00 (Actual)
Sewer: Public Sewer
Special View Info: Trees/Woods
Units: 15
Water: Public Water

Local Schools

High School: Franklin
Middle School: Mt Tabor
Elementary School: Vestal

Listed By / Shown By

Listed By

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

Shown By

Agent Name: William Raven Broker
Agent Phone: (541) 280-9701
Agency Title: Bend Premier Real Estate

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Estimate Your Payment

Estimated Payment

$ 24,799.81 per month $20,225.67 Principal & Interest $3,407.50 Property Tax $1,166.64 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/03/2026. The listing information on this page last changed on 03/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/03/2026 12:04:50 AM EST) or RMLS (last updated Mon 03/02/2026 11:58:17 PM EST) or COAR/MLSCO (last updated Tue 03/03/2026 12:01:16 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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