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424 NE 61ST AVE

Portland, OR 97213

$689,000

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,… Read MoreRead Less

Listing courtesy of Soldera Properties, Inc.

Listing Snapshot

Days Online

Last Updated

Oct 29, 2025

Square Ft.

3,577

Lot Size

0.14 Acres

Year Built

1963

MLS Number

243486181

30 Days Snapshot Of 97213

$586k

-11%

(avg) sold price

+18%

homes sold

-12%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Basement

Basement: Daylight

Building

Building Area Total: 3577, Built in 1963, Storage: Basement, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3

Cooling

Cooling: None

Expenses

Operating Expense: $16,500

Exterior Features

Exterior Description: Brick, Cedar

Foundation

Foundation Details: ConcretePerimeter

Garage

Garage Spaces: 2

Heating

Heating: ForcedAir

Income

CAP Rate: 2.92, Gross Income: $36,634, Gross Rent Multiplier: 18.81, Net Operating Income: $20,134

Lot

Features: Level, Size Acres: 0.14, Size Dimensions: Approx. 5,907 SqFt, Size Range: SqFt5000to6999, Size Square Feet: 6,098, Size: 5,000 to 6,999 SqFt

Parking

Features: Driveway, Garage, 4 total parking spots

Property

Number Of Units Total: 3, Property Condition: Existing, Zoning: Multi

Roof

Roof: Composition

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $7,454, Legal Description, Tax Year: 2024

Unit One

Actual Rent: $1,465, Area: 1802, Features: Fireplace, HardwoodFloors, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Two

Actual Rent: $1,735, Area: 899, Features: HardwoodFloors, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Three

Actual Rent: $1,200, Area: 876, Units Total: 1, 1 total bathroom, 1 total bedroom

Utilities

Fuel Description: Gas, Solar, Hot Water Description: Gas, Internet Service Type: Cable, Water Source: PublicWater

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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 brokerage firms other than Living Room Realty are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Oct 29, 2025. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Oct 29, 2025. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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424 NE 61ST AVE

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