Three-Unit Townhouse
For Sale
$1,199,900
2892 NE 61st Ave, Portland, OR 97213
MultiFamily, Portland, OR
Property Size3,001 SF
Lot Size0.11 Acres
Price / SF$399.83
Days on Market277
Property Features for 2892 NE 61st Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R2.5
Bedrooms
5
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bathroom 5, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 5, Bathroom 6, Bedroom 3, Bathroom 3, Bedroom 1
Subdivision
ROSE CITY PARK
Elementary school
Rose City Park
Middle school
Roseway Heights
High school
Leodis McDaniel
Directions
NE Stanton To NE Sandy
Standard status
Active
APN
New Construction
Size
3,001 SF
Lot size
0.11 Acres
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Amenities
private outdoor space
in-unit laundry
Building Details
Year built
2026
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Added: Jan 28
Changed: Nov 1
Last Checked: Nov 1 at 8:06PM
MLS# 653353170
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
This triplex comprises three townhouse-style residences totaling 3001 square feet on 0.11 acres. The homes offer a mix of two- and three-bedroom layouts, open great-room living areas, high ceilings, and kitchens with solid surface countertops, stainless steel appliances, ample cabinetry, and islands with eat bars. Upper-level bedrooms include vaulted ceilings, crown molding with integrated lighting, and nearby laundry. Heat-pump systems provide heating and cooling, while each residence has private outdoor space; the end unit includes a larger fenced yard. The property is zoned R2.5 and carries a 2026 year built designation.
Located at 2892 NE 61st Ave in Portland’s Rose City Park neighborhood, the property is near shops, restaurants, cafes, groceries, parks, and transit along NE Sandy Blvd and throughout the Hollywood District. The source information also identifies walkability and bike access as features of the surrounding setting.
Located at 2892 NE 61st Ave in Portland’s Rose City Park neighborhood, the property is near shops, restaurants, cafes, groceries, parks, and transit along NE Sandy Blvd and throughout the Hollywood District. The source information also identifies walkability and bike access as features of the surrounding setting.
Key Highlights
- Three townhouse‑style residences totaling 3001 square feet
- Mix of two- and three‑bedroom floor plans
- 0.11 acres zoned R2.5
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,821
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,420
$836.4K
Cap Rate 7%
$597,443
$597.4K
Cap Rate 9%
$464,678
$464.7K
Market Conditions
NOI Build-Up for 3,001 SF
Gross rent
$63.0K $21.00/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$59.7K $19.91/SF
− OpEx
−$17.9K −$5.97/SF
NOI
$41.8K $13.94/SF
Area
Portland, OR
Vacancy
5.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,420
Cap Rate 7%
$597,443
Cap Rate 9%
$464,678
Alternative Uses
Best Use
Multifamily LT 5
$597.4K
$522.8K – $697.0K
NOI $41,821 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$550.5K
$481.7K – $642.2K
NOI $38,533 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$842.8K
$737.4K – $983.2K
NOI $58,993 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
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Business Placement
Demographics for 97213, OR
31,260
Population
14,971
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
7,815
Density / Sq Mi
$95,801
Median Household Income
$56,941
Median Earnings
$1,490
Median Rent
$609,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences feature flexible bedroom layouts, private outdoor areas, and efficient heat-pump heating and cooling.
Where is this triplex located?
The property is located at 2892 NE 61st Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Three townhouse‑style residences totaling 3001 square feet; Mix of two- and three‑bedroom floor plans; 0.11 acres zoned R2.5
