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424 NE 61st Ave, 
Portland, OR 97213

$689,000


Bed


Bath


3,577

Sq Ft


Multi-Family

Pending

Listed by

Joe Fustolo

Soldera Properties, Inc

503-789-1124

Last updated:

November 21, 2025, 08:19 AM

MLS#

243486181

Source:

PORTLAND

About This Home

424 NE 61st Ave

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.

Home Facts

Multi-Family

Built in 1963

Price Summary

689,000

$192 per Sq. Ft.

MLS #:

243486181

Last Updated:

November 21, 2025, 08:19 AM

Added:

2 month(s) ago


Rooms & Interior

Interior

Living Area:

3,577 Sq. Ft.


Structure

Structure

Building Area:

3,577 Sq. Ft.

Year Built:

1963


Lot

Lot Size (Sq. Ft):

6,098


Finances & Disclosures

Finances

Price:

$689,000

Price per Sq. Ft:

$192 per Sq. Ft.

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All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Coldwell Banker Walla Walla are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: November 21, 2025

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