350 Northeast 61st Avenue

Portland, OR 97213

$1,395,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Opportunity for a lucrative investment property on a RM2 lot with development potential. Please see developers packet attached. Main unit has been well maintained, and features quality finishes: fireplace, jetted tub, W&D within the unit, deck off the sunroom, and a climate controlled 2 car garage. Excellent location close to shops, restaurants, Trader Joes, & bus lines. 2 new roofs in 2022. On-site laundry facilities with washer and dryer. Please do not disturb tenants.Opportunity for a lucrative investment property on a RM2 lot with development potential. Please see developers packet attached. Main unit has been well maintained, and features quality finishes: fireplace, jetted tub, W&D within the unit, deck off the sunroom, and a climate controlled 2 car garage. Excellent location close to shops, restaurants, Trader Joes, & bus lines. 2 new roofs in 2022. On-site laundry facilities with washer and dryer. Please do not disturb tenants.
  1. Listed by Adriana Focke • Check Point Realty

Property Details for 350 Northeast 61st Avenue

Parking Features
Garage, Paved
Zoning
RM2
View
City, Seasonal

Location

Listing Courtesy of Check Point Realty
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LISTING UPDATED: 03/11/2024 12:03 PM

Property Details for 350 Northeast 61st Avenue

StatusActive
MLS #23575722
Days on Market174
Taxes$14,100 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1966
Lot Size-
CountyMultnomah County

Location

Listing Courtesy of Check Point Realty
Add your commute

Building Information for 350 Northeast 61st Avenue

Stories-Residences6Year Built1966Building Size-Lot Size-

Payment Calculator

$8,788 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,613

Property Taxes

$1,175

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 350 Northeast 61st Avenue

Summary
Location and General Information
  • Country: US
  • Directions: FROM NE GLISAN, S ON NE 61ST. PROPERTY IS ON EAST SIDE OF STREET. NO SIGN ON PROPERTY.
  • Road Surface: Paved
School Information
  • Elementary School: Vestal
  • High School: Franklin
  • Middle Or Junior School: Harrison Park
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $14,100.48
  • Parcel Number: R230696
  • Tax Legal Description: ORCHARD HOMES, BLOCK 6, LOT 8&11
Property
Lot Information
  • Lot Description: Commons, Level, Private
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1966
Utilities
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding
  • Roof Type: Composition
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
  • Gross Income Actual: $83,160.00
  • Gross Income Projected: $97,020.00
  • Gross Rent Multiplier: $16.77
  • Investor Information: Leases, Profit Loss Statement, Rent Records, Utility Records Available
  • Net Income Actual: $74,197.00
  • Net Income Projected: 88057
  • Operating Expenses Projected: $22,640.00
  • Operating Expense: $22,640.00
  • Security Features: Security Lights, Sidewalk
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6
  • Common Amenities: Commons
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Rent: $765
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Rent: $825
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Rent: $840
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 1
  • Unit Type 4 Rent: $1,100
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Beds Total: 2
  • Unit Type 5 Rent: $1,300
  • Unit Type 5 Units Total: 1
Unit 6 Information
  • Unit Type 6 Baths Total: 1
  • Unit Type 6 Beds Total: 2
  • Unit Type 6 Rent: $0
  • Unit Type 6 Units Total: 1

Schools near 350 Northeast 61st Avenue

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Vestal Elementary School
PublicK to 5

Roseway Heights School
Public6 to 8

Madison High School
Public9 to 12

Portland Arthur Academy Charter School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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350 Northeast 61st Avenue is a multi-family home for sale in Portland, OR 97213. This property was listed for sale on November 6, 2023 by Check Point Realty, it's currently listed at $1,395,000. This listing's school district is Portland School District 1j. Nearby schools include Vestal Elementary School, Roseway Heights School and Madison High School. 350 Northeast 61st Avenue is a 0-bed, 0-bath, multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Check Point Realty

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