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3414 SE 62ND Ave

Portland, OR 97206
  • $685,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 690041674
Price Reduced
UPDATED: 60 min ago
$685,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,960
    SQFT
  • $349
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1968
County:

School Information

Elementary School:
Middle School:
High School:

Description

Turnkey duplex with bonus studio, fully remodeled and income-ready. This beautifully updated property features a newly constructed studio unit completed in March 2025, effectively functioning as a three-unit investmentideal for both investors and owner-occupants seeking flexibility and strong cash flow. All units have been thoughtfully upgraded with modern finishes, including stylish LVP flooring, stainless steel appliances, and sleek bathrooms. The property holds a short-term rental permit and is currently operating as a successful short-term rental, offering excellent potential for both short- and long-term income streams. Each unit enjoys its own private fenced patio, complemented by a new front gate and low-maintenance, durable finishes throughout. A wide driveway provides ample off-street parking for added convenience. Live in one unit and rent the other two, or lease all three for projected long-term rental income of $5,300 per monthask for the proforma. Ideally situated within easy access to public transit, shopping, and the natural beauty of Mt. Tabor Park, this move-in-ready property is a rare opportunity to own a bright, stylish multi-unit in a high-demand area.

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Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-28T19:48:39.16.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
www.coho.realty/homes/162426710
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3414 SE 62ND Ave Portland, OR 97206

  • Price: $685,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 60 min ago
  • MLS #: 690041674
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1,960
SQFT
$349
$/SQFT
1968
Built
Neighborhood:
South Tabor
County:
Multnomah
Area:
143-Portland Southeast
Elementary School:
Atkinson
Middle School:
Mt Tabor
High School:
Franklin
Property Description
Turnkey duplex with bonus studio, fully remodeled and income-ready. This beautifully updated property features a newly constructed studio unit completed in March 2025, effectively functioning as a three-unit investmentideal for both investors and owner-occupants seeking flexibility and strong cash flow. All units have been thoughtfully upgraded with modern finishes, including stylish LVP flooring, stainless steel appliances, and sleek bathrooms. The property holds a short-term rental permit and is currently operating as a successful short-term rental, offering excellent potential for both short- and long-term income streams. Each unit enjoys its own private fenced patio, complemented by a new front gate and low-maintenance, durable finishes throughout. A wide driveway provides ample off-street parking for added convenience. Live in one unit and rent the other two, or lease all three for projected long-term rental income of $5,300 per monthask for the proforma. Ideally situated within easy access to public transit, shopping, and the natural beauty of Mt. Tabor Park, this move-in-ready property is a rare opportunity to own a bright, stylish multi-unit in a high-demand area.
Exterior Features

Attached Garage YN No Exterior Description Brick Vinyl Siding Foundation Details Concrete Perimeter Lot Features Level Parking Features Driveway On Street Road Surface Type Paved Roof Composition View YN No

Interior Features

Basement Crawl Space None Cooling Mini Split Other Cooling YN Yes Heating Baseboard Mini Split Wall Heater Heating YN Yes

Property Features

Association YN No Bank Owned YN No Energy Efficiency Features ENERGYSTARQualified Appliances Mini Split Fuel Description Electricity Green Certification YN No Gross Income 65000 Hot Water Description Electricity IDXAddress Display YN Yes Internet Service Type Fiber Optics Listing Terms Cash Conventional FHA VALoan Net Operating Income 51800 Operating Expense 13200 Property Attached YN No Property Condition Updated Remodeled Rent Includes None Security Features Security System Owned Sewer Public Sewer Short Sale YN No Tax Annual Amount 5305.88 Water Source Public Water Zoning RM1

Listing provided courtesy of Sundance Realty LLC: .


Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-28T19:48:39.16.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
 
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Coho Realty
500 Liberty St SE, Suite 410
Salem OR, 97301