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    SE Portland Condo Near Mt.Tabor Title is generated by Realmo AI

    6600 SE DIVISION ST #202, Portland, OR 97206

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    For Sale
    $305,000

    Corner unit condo with updated kitchen and access to amenities.

    Type:Condominium
    Property size:
    983 SF
    Price / SF:
    $310/SF
    Added:
    Jun 5, 2025
    Days on Market:
    351
    Last Refresh:
    May 19 at 11:13 pm

    Property Features for 6600 SE DIVISION ST #202

    General Information

    Standard status
    Active
    Size
    983 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    1983

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    Listing Contact

    Listing office Keller Williams Realty Portland Elite

    Listing date Jun 5, 2025

    Source Kw

    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 Elite

    HighLights

    • Prime SE Portland location directly across from Mt. Tabor Park.
    • Remodeled kitchen and dining room (2022) with QUARTZ COUNTERTOPS, tile backsplash, expanded cabinetry, and STAINLESS STEEL APPLIANCES.
    • Spacious primary suite with DOUBLE SINKS and ample closet space.
    • Assigned deeded off‑street parking with private storage unit.
    • In‑unit laundry and private balcony.
    • Pet‑friendly with no rental cap; investor‑ready.

    Overview

    This corner unit condo is located in Southeast Portland, across the street from Mt. Tabor Park and Warner Pacific University. The 983 square-foot unit features laminate flooring, forced air, air conditioning, and vinyl windows. A kitchen and dining room remodel in 2022 included quartz countertops, new tile backsplash and tile accents, expanded cabinetry, and updated stainless steel appliances. The layout includes a primary suite with double sinks and ample closet space, a wood-burning fireplace, in-unit laundry, and a private balcony. The carpet was replaced in 2022, and custom window insulation inserts offer added efficiency. Building amenities include secure entry, an elevator, a landscaped courtyard, community bike storage, and assigned deeded off-street parking with a private storage unit. The building is pet-friendly and investor-ready with no rental cap, with only 10 of 27 units currently rented. It is located minutes away from Portland Community College and near the shopping, breweries, restaurants, and coffee shops in the Division, Hawthorne, and Montavilla neighborhoods.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Savvy Getaway LLC Travel Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.5951312
    Latitude
    45.5051153

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    FAQs

    What type of property is this?
    Apartment building - Corner unit condo with updated kitchen and access to amenities.
    Where is this apartment building located?
    The property is located at 6600 SE DIVISION ST #202 Portland, OR.
    What is the asking price?
    The asking price for this property is $305,000.
    What are key features of this property?
    This property features: Prime SE Portland location directly across from Mt. Tabor Park.; Remodeled kitchen and dining room (2022) with QUARTZ COUNTERTOPS, tile backsplash, expanded cabinetry, and STAINLESS STEEL APPLIANCES.; Spacious primary suite with DOUBLE SINKS and ample closet space.
    (503) 354-9202
    We can help!
    Listing Contact
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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