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$1,769,900

5 Beds 6 Baths 4,532 SQFT 0.11 Acres
Type: Multi-Family

5947 SE 60th AVE
Portland, OR 97206

MLS#: 560561230
Josh Devine
Josh Devine
Premiere Property Group
Broker
Phone: 503.868.9768
Office: 971.271.8932
Presented by: Keller Williams Realty Portland Premiere - 503-709-4632

Property Description

 

New-construction fourplex investment opportunity located in Portland’s desirable Woodstock neighborhood, offering a strong combination of modern construction, efficient systems, and long-term rental appeal. Built by a local boutique builder, this property is designed for low-maintenance ownership and consistent tenant demand. The four attached homes range from approximately 972 to 1,294 square feet and offer a desirable unit mix of two 2-bedroom residences and two 3-bedroom residences. The larger homes feature three bedrooms upstairs with two full ensuite bathrooms, while all units include a half bathroom on the main level. A centrally located laundry area at the top of the stairs provides convenient access for tenants and supports functional, efficient layouts. Each residence offers a bright, open main level with high ceilings and ample natural light, enhancing livability and tenant satisfaction. Kitchens are built for durability and everyday use, featuring custom cabinetry, island with eat bar, stainless steel appliances, and tile backsplash. Every unit includes its own private, fenced patio or yard space, a highly attractive feature that helps differentiate the property within the rental market. Additional investment highlights include high-efficiency mini-split systems for heating and cooling, modern building standards, and thoughtful design choices that support reduced maintenance and long-term operational efficiency. The property is not a condo and has no HOA, allowing for simplified management and true fee-simple ownership. Located in the heart of Southeast Portland’s Woodstock neighborhood, the property benefits from strong rental demand driven by nearby dining, coffee shops, parks, and neighborhood amenities, making it well-positioned for long-term hold strategies, portfolio expansion, or 1031 exchange buyers seeking newer construction in an established submarket. An excellent opportunity for investors prioritizing new construction, efficient systems,


 

Interior Features

Bedrooms

Unit 1 Beds Total3
Unit 2 Beds Total2

Bathrooms

Unit 1 Baths Total3
Unit 2 Baths Total3

Other Interior Features

UnitType1ActualRent2275
UnitType1FeaturesAirConditioning, Microwave, Range, WasherDryerHookup
UnitType1UnitsTotal2
UnitType2ActualRent1875
UnitType2FeaturesAirConditioning, Microwave, Range, WasherDryerHookup
UnitType2UnitsTotal2
FuelDescriptionElectricity
BasementCrawlSpace
Hot WaterElectricity, Tank
StorageNone
Unit TypeUnitTypeType1, UnitTypeType2

General

Accessory Dwelling Unit Y/NN
AttributionContact503-709-4632
CityPortland
CoolingHeatPump, MiniSplit
CountyMultnomah
DirectionsSE Woodstock Blvd to SE 60th Ave
DisclosuresExempt
Elementary SchoolWoodstock
Garage Spaces0
Gross Income98997.0
HOANo
HeatingMiniSplit
High SchoolCleveland
Legal DescriptionTBD
Listing TermsCash, Conventional, FHA, VALoan
Lot Size Square Feet4,791 sqft
MLS Area_143
Middle/Junior High SchoolLane
Net Operating Income68567.0
Number Of Units Total4
Operating Expense30431.0
Parcel Number0
Property ConditionNewConstruction
Property TypeMultiFamily
Rent IncludesNone
RoofComposition
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameWOODSTOCK
Tax Annual Amount$0
Virtual TourClick here
Year Built2025
ZoningR2.5

Exterior

Building Area Total4,532 sqft
Exterior DescriptionCementSiding, LapSiding
Foundation DetailsConcretePerimeter, StemWall
Lot Dimensions91.41x84x80x64
Lot FeaturesLevel
Lot Size Acres0.11
Parking FeaturesOnStreet
Road Surface TypePaved
Total Parking0
Water SourcePublicWater

Additional Details

Price History

Schools 

High School Cleveland High School
Elementary School Woodstock Elementary School
Middle School Lane Middle School

  

Similar Properties

$1,769,900

5 Beds 6 Baths 4,532 SQFT 0.11 Acres
Type: Multi-Family

5947 SE 60th AVE
Portland, OR 97206

MLS#: 560561230
Josh Devine
Josh Devine
Premiere Property Group
Broker
Phone: 503.868.9768
Office: 971.271.8932