Detached Cottage Multifamily
7065 Southeast 60th Avenue Portland, OR 97206
For Sale
Contact for pricing
Portfolio of twelve new detached two-story cottages with 2 beds, 2.1 baths, patios, and mini-split HVAC.
Property Size11,578 SF
Price / SF$372.59
Days on Market58
Property Features for 7065 Southeast 60th Avenue
General Information
- Standard status
- Active
- Size
- 11,578 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2026
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
Source:
Crexi
Added: May 28
Changed: Jul 21
Last Checked: Jul 24 at 5:53PM
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.
New construction portfolio featuring twelve detached cottage homes with private entries and efficient two-level layouts. Each unit includes 2 bedrooms and 2.1 bathrooms, solid-surface countertops, a peninsula island with an eat bar, practical storage, and coffered ceilings in the bedroom. Move-in-ready amenities are included with each cottage, including a provided refrigerator, washer and dryer, and window coverings. Mini-split heating and cooling supports year-round comfort, with units on the main level and in each bedroom, and each home includes patio space with low-maintenance outdoor areas. The back two cottages offer larger, premium yard space.
The property is located at 7065 Southeast 60th Avenue in Portland’s Brentwood Darlington area. Community destinations and daily conveniences—including Brentwood Park, the Brentwood Community Garden, Mt. Scott Community Center, and Woodstock New Seasons—are described as within easy reach, along with neighborhood options for dining, coffee, parks, errands, and bike routes. The unit mix is consistent for underwriting and leasing, with two cottages at 899 square feet and ten cottages at 978 square feet.
The property is located at 7065 Southeast 60th Avenue in Portland’s Brentwood Darlington area. Community destinations and daily conveniences—including Brentwood Park, the Brentwood Community Garden, Mt. Scott Community Center, and Woodstock New Seasons—are described as within easy reach, along with neighborhood options for dining, coffee, parks, errands, and bike routes. The unit mix is consistent for underwriting and leasing, with two cottages at 899 square feet and ten cottages at 978 square feet.
Key Highlights
- New construction 12‑detached‑cottage portfolio (Year Built 2026) in Brentwood Darlington, Southeast Portland
- Uniform unit mix: each cottage has 2 bedrooms and 2.1 bathrooms with two built to 899 SF and ten built to 978 SF
- Mini‑split heating and cooling in every unit (main level and in each bedroom) for efficient year‑round comfort
Financial Insights For Apartment 5plus
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 | $291.8k | $25.20 |
| − Vacancy | −$14.6k | −$1.26 |
| EGI | $277.2k | $23.94 |
| − OpEx | −$124.7k | −$10.77 |
| NOI | $152.4k | $13.17 |
11,578 SF · lease $25.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.91M – $2.54M
NOI $152,448 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,597 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Portfolio of twelve new detached two-story cottages with 2 beds, 2.1 baths, patios, and mini-split HVAC.
Where is this apartment building located?
The property is located at 7065 Southeast 60th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $4,313,900.
What are key features of this property?
This property features: New construction 12‑detached‑cottage portfolio (Year Built 2026) in Brentwood Darlington, Southeast Portland; Uniform unit mix: each cottage has 2 bedrooms and 2.1 bathrooms with two built to 899 SF and ten built to 978 SF; Mini‑split heating and cooling in every unit (main level and in each bedroom) for efficient year‑round comfort
