New Construction Cottage in
6020 NE Mason ST #9 Portland, OR 97218
For Sale
$299,900
New 2-bedroom, 2.1-bathroom cottage with high-end finishes and private yard.
Property Size934 SF
Price / SF$321.09
Days on Market390
Property Features for 6020 NE Mason ST #9
General Information
- Standard status
- Active
- Size
- 934 SF
- Property subtype
- Condominium
Building Details
- Year Built
- 2025
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 709-4632
Listed By:
Darryl Bodle II · License #199910100
(503) 709-4632
Source:
Kw
Added: Jun 30, 2025
Changed: Jul 6
Last Checked: Jul 23 at 6:52AM
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 Keller Williams Realty Portland Premiere
Investment Insights
Based on property information with market context.
This new construction cottage is located in Portland’s Cully neighborhood. One of several 2-bedroom, 2.1-bathroom cottages, it features high-end finishes and on-trend design. The interiors are light-filled, with bold backsplashes and light cabinetry in the kitchen. The layout includes a dining nook, spacious bedrooms, and coffered ceilings upstairs, including in the primary suite. The primary bath features a custom tile-surround shower. It also offers a private, fenced yard. The cottage is part of a newly built community and is close to shops, dining, and parks. The property contains 934 square feet. It is a back unit. Seller to pay buyer's first year of HOA dues.
Key Highlights
- New construction in the desirable Cully neighborhood of Portland.
- Built by a reputable Street of Dreams builder known for quality craftsmanship.
- High‑end finishes and on‑trend design throughout the 2‑bedroom, 2.1‑bathroom cottage.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.6k | $21.00 |
| − Vacancy | −$1.0k | −$1.09 |
| EGI | $18.6k | $19.91 |
| − OpEx | −$5.6k | −$5.97 |
| NOI | $13.0k | $13.94 |
934 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$185.9K
$162.7K – $216.9K
NOI $13,016 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$171.3K
$149.9K – $199.9K
NOI $11,993 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$262.3K
$229.5K – $306.0K
NOI $18,360 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - New 2-bedroom, 2.1-bathroom cottage with high-end finishes and private yard.
Where is this duplex located?
The property is located at 6020 NE Mason ST #9 Portland, OR.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: New construction in the desirable Cully neighborhood of Portland.; Built by a reputable Street of Dreams builder known for quality craftsmanship.; High‑end finishes and on‑trend design throughout the 2‑bedroom, 2.1‑bathroom cottage.
