312 NE 61ST AVE

Portland, 97213

  • 7 Bed

  • 4 Bath

  • 4768 SqFt

  • 1 DOM

  • Built: 1952

  • Status: Active

$1,165,000

X

312 NE 61ST AVE

Portland 97213

$1165000

  • 7 Bed

  • 4 Bath

  • 4768 SqFt

  • 1 DOM

  • Built: 1952

  • Status: Active

Love this home?

Venkatesan Muthu

Broker

(971) 330-1856

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.

Features and Utilities

  • None

  • Electricity

  • ForcedAir

  • PublicSewer

  • Electricity

  • Gas

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Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.

— Jagathishp

Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.

— Vignesh Chan

Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.

— Praveen

Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.

— Alishetty

Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.

— Ramren Garajan

Thinking about buying or selling. Let’s Talk.

Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!

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