Renovated Multifamily Property with
For Sale
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1020 SE 60th Ave, Portland, OR 97215
Historic multifamily property renovated with modern amenities and original character.
Property Size30,201 SF
Price / SF$471.84
Days on Market164
Property Features for 1020 SE 60th Ave
General Information
Standard status
Active
Size
30,201 SF
Class
B
Total Parking Spaces
14
Property subtype
Multifamily
Zoning
Residential Multi-Dwelling 1 (RM-1)
Occupancy
96%
Investment Type
Stabilized
Net Operating Income
$816,568
Building Details
Year Built
1928
Year Renovated
2020
Buildings
1
Stories
4
Units
76
Listing Agency:
Commercial Integrity, NW
Listed By:
Ben Murphy · License #201208978
Source:
Crexi
Added: Mar 11
Changed: Aug 17
Last Checked: Aug 20 at 10:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Integrity, NW
Investment Insights
Based on property information with market context.
Tabor Commons, originally constructed in 1928 (east wing) and 1946 (west wing), underwent renovations between 2017 and 2020 exceeding $10,000,000 while preserving its original character. The interior was completely rebuilt with new mechanical systems, plumbing, electrical, air conditioning, interior fixtures, high-quality finishes, and innovative design. Original materials were repurposed, including mahogany paneling in the lobby built from original woodwork. The property features seismic upgrades with over 20,000 steel helical ties securing the exterior brick walls from floor to roof, and a sprinkler system throughout the building. Green energy features contribute to an eco-friendly rating exceeding LEED standards. A sophisticated sound attenuation system minimizes noise, and a pressurized circulating airflow system in the hallways brings 100% fresh air into the building. $3,000,000 was invested in the structural system, effectively creating a new building within the beautifully preserved original exterior shell. The property size is 30201 square feet.
Key Highlights
- Complete interior rebuild (2017‑2020) with new mechanical, plumbing, electrical, AC, and high‑quality finishes.
- Significant seismic upgrades and sprinkler system installation for enhanced safety.
- Eco‑friendly green energy features exceeding LEED standards.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 97215, OR
18,221
Population
7,855
Households
2.3
Avg Household Size
40
Median Age
64%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
7,922
Density / Sq Mi
$114,361
Median Household Income
$62,704
Median Earnings
$1,587
Median Rent
$658,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic multifamily property renovated with modern amenities and original character.
Where is this apartment building located?
The property is located at 1020 SE 60th Ave Portland, OR.
What is the asking price?
The asking price for this property is $14,250,000.
What are key features of this property?
This property features: Complete interior rebuild (2017‑2020) with new mechanical, plumbing, electrical, AC, and high‑quality finishes.; Significant seismic upgrades and sprinkler system installation for enhanced safety.; Eco‑friendly green energy features exceeding LEED standards.
