Detached Cottage Multifamily
For Sale
Contact for pricing
7065 Southeast 60th Avenue, Portland, OR 97206
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$304.02
Days on Market159
Property Features for 7065 Southeast 60th Avenue
General Information
Standard status
Active
Size
11,578 SF
Class
A
Property subtype
Multifamily
Zoning
R5
Site & Location
Neighborhood
Woodstock
Additional Details
Cap Rate
5.33%
Multifamily Units
12
Building Details
Year Built
2026
Buildings
12
Stories
1
Units
12
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Source:
Crexi
Added: May 28
Changed: Oct 31
Last Checked: Nov 1 at 4:23AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$152,448
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,048,960
$3.0M
Cap Rate 7%
$2,177,829
$2.2M
Cap Rate 9%
$1,693,867
$1.7M
Market Conditions
NOI Build-Up for 11,578 SF
Gross rent
$291.8K $25.20/SF
− Vacancy
−$14.6K −$1.26/SF
EGI
$277.2K $23.94/SF
− OpEx
−$124.7K −$10.77/SF
NOI
$152.4K $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%
$3,048,960
Cap Rate 7%
$2,177,829
Cap Rate 9%
$1,693,867
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.91M – $2.54M
NOI $152,448 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,597 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
12
Residential units
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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 $3,519,900.
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
