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    232 NE 61St Ave Portland, OR 97213

    New
    For Sale
    $3,999,900

    MULTI_FAMILY - Portland, OR

    Property size:
    12,240 SF
    Lot size:
    0.15 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 6 at 1:06 pm

    Property Features for 232 NE 61St Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    RM2
    Rooms
    Bedroom 11, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 10, Bedroom 1, Bedroom 8, Bathroom 1, Bathroom 3, Bathroom 5, Bathroom 6, Bedroom 5, Bedroom 6, Bedroom 9, Bathroom 4, Bathroom 7, Bedroom 7, Bathroom 8, Bedroom 2
    Bedrooms
    11
    APN
    R230713
    Size
    12,240 SF
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Zoned

    Building Details

    Year built
    2024
    Floors in Building
    3
    Number of units
    15
    Roof type
    Composition

    Keller Williams Realty Portland Premiere (503) 880-4905 [email protected]

    Listing agent Darryl Bodle (503) 597-2444

    Listing date Dec 3, 2025

    MLS# 24473358 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Construction Apartment Complex

    This is an opportunity to own a fully leased, new construction 15-unit apartment complex. Located in the North Tabor neighborhood, the property features high-end, modern finishes throughout each unit. The units have tall ceilings and an open concept floor plan with an abundance of natural light and designer tones. The property offers a mix of 1-bedroom and 2-bedroom units. Custom cabinetry, stainless-steel appliances, and stackable washer/dryers are included in each unit. Additional features include indoor bike storage and an enclosed trash area. The property benefits from a 15-year new construction rent-control exemption. The property size is 12240 square feet and the lot size is 0.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.600491
    Latitude
    45.524753

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    FAQs

    What type of property is this?
    Apartment building - Fully leased, 15-unit apartment complex in North Tabor, Portland.
    Where is this apartment building located?
    The property is located at 232 NE 61St Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $3,999,900.
    What are key features of this property?
    This property features: - Fully leased, new construction 15-unit apartment complex offering immediate income.; - Located in the desirable North Tabor neighborhood.; - Features high-end, modern finishes, tall ceilings, and open concept floor plans.
    (503) 597-2444
    Request Owner's contact information
    232 NE 61St Ave Portland, OR 97213
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    Portland, OR 97213
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    232 NE 61St Ave Portland, OR 97213
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