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    6061 NE Simpson St Portland, OR 97218

    New
    For Sale
    $2,800,000

    MULTI_FAMILY - Portland, OR

    Property size:
    7,065 SF
    Lot size:
    0.24 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 6061 NE Simpson St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    RM1
    Rooms
    Bathroom 5, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 6
    Bedrooms
    6
    APN
    R197589
    Size
    7,065 SF
    Lot size
    0.24 Acres

    Building Details

    Year built
    2024
    Floors in Building
    2
    Number of units
    8
    Roof type
    Composition

    EXP REALTY LLC (888) 814-9613 [email protected]

    Listing agent Kenneth Avery (888) 814-9613

    Listing date Dec 14, 2025

    MLS# 24237499 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Multifamily Investment Opportunity

    Located in Portland, Oregon, this newly constructed multifamily property is situated in the Cully neighborhood. The property, with a contemporary design aesthetic, is fully rented out. The property has a completed condo plat, allowing for the finalization and filing of documents to convert the units into individual condos. The lot size is 0.24 acres and the property size is 7,065 square feet. The zoning is RM1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.600027
    Latitude
    45.56547

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    FAQs

    What type of property is this?
    Apartment building - Newly constructed, fully rented property with condo conversion potential.
    Where is this apartment building located?
    The property is located at 6061 NE Simpson St Portland, OR.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - Fully rented, turnkey investment property.; - Completed condo plat allows for easy conversion to individual condos.; - Newly constructed in 2024 with a contemporary design.
    (888) 814-9613
    Request Owner's contact information
    6061 NE Simpson St Portland, OR 97218
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    Portland, OR 97218
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6061 NE Simpson St Portland, OR 97218
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