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About the Listing HACR01 - CAVLAUR
Located in Portland’s sought-after North Tabor neighborhood, this solid mid-century triplex offers a compelling blend of character, stability, and long-term upside. Built in 1952, the property features a well-balanced unit mix of one 3 bed / 1 bath unit, one 3 bed / 2 bath unit, and one 1 bed / 1 bath unit, all currently rented and providing immediate income.The two larger units showcase original hardwood floors, coved ceilings, fireplaces, and well-maintained interiors, with select updates that complement the home’s vintage charm. The 1 bed / 1 bath unit is fully permitted and includes a sprinkler system, enhancing both safety and peace of mind. The property also offers three off-street parking spaces and two attached garages. The roof was replaced in 2023, reducing near-term capital expenses. Shared outdoor spaces include an inviting deck and terraced backyard, creating a natural setting for entertaining with sweeping city views.This well-connected, central Portland location offers easy access to some of NE Portland’s most established neighborhoods. Enjoy close proximity to Laurelhurst, Mt. Tabor, and PDX, along with convenient access to downtown, major commuter routes, transit, and nearby hospitals including Providence and Legacy Emanuel. It’s a neighborhood that consistently attracts long-term tenants thanks to its balance of walkability, green space, and everyday convenience.At a 5% cap rate, this property offers steady cash flow from day one. A strong investment opportunity in one of NE Portland’s most desirable areas, with stable in-place income and long-term appreciation potential.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Multi-Family
MLS ®
127184610
Year Built
1952
Total Square Footage
4,768
Lot/Acreage
0.16
County
Multnomah
Neighborhood
North Tabor
Elementary School
Glencoe
Middle School
Mt Tabor
High School
Franklin
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Sloped,Terraced
- Garage Capacity: 2 car
- Parking Spaces: 3
- Zoning: RM2
- Roof: Composition
- Others: Existing
- Sewer: Public Sewer
- Parking Features: Garage,Off Street
Financial Details
- Tax Amount: $10,722
- Taxes w/Assessments: N/A
- Tax/Property ID: R230705
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
312 NE 61st Ave Portland, OR 97213
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