Detached Cottage Multifamily
For Sale
$3,519,900
7033 SE 60th AVE, Portland, OR 97206
Twelve new detached 2-bedroom cottages with in-unit laundry and mini-split heating and cooling for an easy, modern rental setup.
Property Size9,622 SF
Days on Market138
Property Features for 7033 SE 60th AVE
General Information
Standard status
Active
Size
9,622 SF
Property subtype
Multi Family
Additional Details
Cap Rate
5.83%
Multifamily Units
12
Building Details
Building Size
9,622 SF
Year Built
2026
Tenancy
Multi
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Darryl Bodle · License #199910100
(503) 597-2444
Source:
Tripleoaksrealty
Added: May 25
Changed: Oct 7
Last Checked: Oct 7 at 8:29AM
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 offering consists of twelve newly constructed detached cottage homes designed for efficient, consistent operations. Each unit includes 2 bedrooms and 2.1 bathrooms, solid surface countertops, and a peninsula island with an eat bar. Homes also feature practical in-unit storage, tasteful coffered ceilings in the bedroom, and private entries with a two-level layout that supports separated living and sleeping areas. Each cottage is delivered with a provided refrigerator, washer and dryer, and window coverings. Heating and cooling are handled via mini-split systems, including a main-level unit and a mini split in each bedroom. Outdoor space includes patio areas and low-maintenance yards, with the back two homes offering larger yard space.
The portfolio is located in Brentwood Darlington in Southeast Portland, with Brentwood Park and the Brentwood Community Garden within easy reach. Additional nearby options mentioned include the Mt. Scott Community Center, Woodstock New Seasons, and local dining and errands around the Foster area, along with bike routes and parks.
For tenants, the combination of detached living, private entries, and move-in-ready inclusions supports a straightforward transition from day one. For owners, the uniform unit mix is built around two measured sizes, with two cottages at 899 square feet and ten cottages at 978 square feet, helping streamline underwriting, leasing, and long-term property management.
The portfolio is located in Brentwood Darlington in Southeast Portland, with Brentwood Park and the Brentwood Community Garden within easy reach. Additional nearby options mentioned include the Mt. Scott Community Center, Woodstock New Seasons, and local dining and errands around the Foster area, along with bike routes and parks.
For tenants, the combination of detached living, private entries, and move-in-ready inclusions supports a straightforward transition from day one. For owners, the uniform unit mix is built around two measured sizes, with two cottages at 899 square feet and ten cottages at 978 square feet, helping streamline underwriting, leasing, and long-term property management.
Key Highlights
- Year built 2026: 12 detached cottages in a single portfolio in Brentwood‑Darlington
- All units feature 2 bedrooms and 2.1 bathrooms with solid‑surface countertops and a peninsula island with eat bar
- Unit sizes: 2 cottages at 899 SF and 10 cottages at 978 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,693
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,533,860
$2.5M
Cap Rate 7%
$1,809,900
$1.8M
Cap Rate 9%
$1,407,700
$1.4M
Market Conditions
NOI Build-Up for 9,622 SF
Gross rent
$242.5K $25.20/SF
− Vacancy
−$12.1K −$1.26/SF
EGI
$230.4K $23.94/SF
− OpEx
−$103.7K −$10.77/SF
NOI
$126.7K $13.17/SF
Area
ZIP 97206
Vacancy
5.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,533,860
Cap Rate 7%
$1,809,900
Cap Rate 9%
$1,407,700
Alternative Uses
Best Use
Apartment 5plus
$1.81M
$1.58M – $2.11M
NOI $126,693 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $189,147 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve new detached 2-bedroom cottages with in-unit laundry and mini-split heating and cooling for an easy, modern rental setup.
Where is this apartment building located?
The property is located at 7033 SE 60th AVE Portland, OR.
What is the asking price?
The asking price for this property is $3,519,900.
What are key features of this property?
This property features: Year built 2026: 12 detached cottages in a single portfolio in Brentwood‑Darlington; All units feature 2 bedrooms and 2.1 bathrooms with solid‑surface countertops and a peninsula island with eat bar; Unit sizes: 2 cottages at 899 SF and 10 cottages at 978 SF
