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About the Listing SOLD01 - FUSTOLOJ
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.
Listing Highlights for 424 NE 61st Ave
Status
Pending
Days on Site
31
Property Type
Multi-Family
MLS ®
243486181
Year Built
1963
Total Square Footage
3,577
Lot/Acreage
0.14
County
Multnomah
Neighborhood
Orchard Homes
Elementary School
Glencoe
Middle School
Mt Tabor
High School
Franklin
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Daylight
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Level
- Garage Capacity: 2 car
- Parking Spaces: 4
- Lot Dimensions: Approx. 5,907 SqFt
- Zoning: Multi
- Roof: Composition
- Others: Existing
- Sewer: Public Sewer
- Parking Features: Driveway,Garage
Financial Details
- Tax Amount: $7,454
- Taxes w/Assessments: N/A
- Tax/Property ID: R230695
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
424 NE 61st Ave Portland, OR 97213
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