$874,900

606 NE 72nd Ave Unit 612 Portland, OR 97213

Montavilla Neighborhood

Estimated payment $5,447/month

Total Views 128
6 Beds
6 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • Level Lot
  • Forced Air Heating System
  • Green Certified Home
  • Wood Siding

About This Home

Well-located 4-plex on a large lot with ample off-street parking in the desirable Montavilla neighborhood! Fully occupied at below-market rents, this property represents a value-add investment opportunity, or a great owner-occupied investment. The three main floor units have an interior staircase to their private basement area, which features a bonus room and utility room with W/D hookup. Hardwoods beneath carpets on the main level. Approx 75% of windows have been replaced with double-pane vinyl. Seller to provide credit at closing for roof repair.

Listing Agent

Jeff Stephens

MORE Realty Brokerage Phone: 503-869-7303 License #201237728 Listed on: 07/17/2025

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,211

Year Built

  • Built in 1959

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 2-Story Property
  • Finished Basement
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Eco-Friendly Details

  • Green Certified Home

Schools

  • Vestal Elementary School
  • Roseway Heights Middle School
  • Leodis Mcdaniel High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Radiant Heating System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R119352

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $11,900
  • Gross Income $62,460
  • Net Operating Income $50,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,211

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1959
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, Finished
  • Total Bedrooms: 6
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Cedar,WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard, ForcedAir, Radiant
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping
  • Association: No

Schools

  • Elementary School: Vestal
  • High School: Leodis McDaniel
  • Middle Or Junior School: Roseway Heights

Lot Info

  • Zoning: R2.5
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098.0
  • Parcel #: R119352

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 7210.59

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 14.01
  • Annual Gross Income: 62460.0
  • Property Net Operating Income: 50560.0
  • Annual Operating Expense: 11900.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $6,934 $261,660 $0 $0
2022 $6,783 $254,040 $0 $0
2021 $6,669 $246,650 $0 $0
2020 $6,118 $239,470 $0 $0
2019 $5,893 $232,500 $0 $0
2018 $5,720 $225,730 $0 $0
2017 $5,482 $219,160 $0 $0
2016 $5,017 $212,780 $0 $0
2015 $4,885 $206,590 $0 $0
2014 $4,812 $200,580 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 For Sale $874,900 -- --
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Chicago Title Insurance Co
Interfamily Deed Transfer -- Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $217,750 Stand Alone Refi Refinance Of Original Loan
Closed $50,000 Credit Line Revolving
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 206315961

Regional Multiple Listing Service (RMLS)

APN: R119352