312 Ne 61ST Ave, Portland, OR 97213

• 4,768 sqft

Property Description

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 Status:

Active

Date Added:

April 9, 2026

Data Last Updated:

April 18, 2026 at 7:43AM

Listing Office:

Harnish Company Realtors : 503-699-8483

Listing Agent:

Laura Cavanaugh : 503-559-4561

MLS ID:

127184610

Interior

• Basement: Finished
• A/C: None
• Heating: Forced air

Exterior

• General: Brick
• Parking: GarageOff streetParking spaces: 3

Construction

• Roofing: Composition
• General: Concrete perimeter

Location

• Road/Access: Paved
• Golf: Commons
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Multnomah

Lot

• Zoning: RM2ORCHARD HOMESBLOCK 6S 3' OF LOT 16LOT 19R230705
• View: View

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.