Amy Richardson

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Listing provided courtesy of MORE Realty- MLS# 206315961MLS ProviderContact Information: 503-869-7303

606 NE 72ND AVEPortland, OR 97213

Multi-Family · 3,014 Sq. ft. | 0.14 Acres
$799,500 Pending

606 NE 72ND AVE Overview

Time on Site:
348 days
Visits:
5

New Price! Well-located 4-plex on a large lot with ample off-street parking in the desirable Montavilla neighborhood! Fully occupied at below-market rents, this property represents a value-add investment opportunity, or a great owner-occupied investment. The three main floor units have an interior staircase to their private basement area, which features a bonus room and utility room with W/D hookup. Hardwoods beneath carpets on the main level. Approx 75% of windows have been replaced with double-pane vinyl. Seller to provide credit at closing for roof repair.

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606 NE 72ND AVE Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,014
  • Price/Sq.ft. $265
  • Lot 0.14 Acres

Details

General

School Information

  • Elementary School: Vestal
  • Middle Or Junior School: Roseway Heights
  • High School: Leodis McDaniel

Income/Expenses

  • Gross Income: 62460.0
  • Net Operating Income: 50560.0
  • Operating Expense: 11900.0

Building Information

  • Year Built: 1959

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 143 - Portland Southeast

Community/Development

  • Community Features: All Landscaping

Rent/Lease Information

  • Rent Includes: Maintenance Grounds,Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 7210.59
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Parcel Number: R119352
  • Property Condition: Existing
  • Property Type: Multi Family
  • Zoning: R2.5

Interior

Parking Information

  • Garage Spaces: 0

Building Interior

  • Building Area Total: 3014.0

General Information

  • Basement: Exterior Entry,Finished
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard,Forced Air,Radiant
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Off Street
  • Parking Total: 6.0

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.14
  • Lot Size Square Feet: 6098.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 4
  • Sewer: Public Sewer

606 NE 72ND AVE Neighborhood

Community

97213 (Portland) Demographics

41
Median Age
8,110
Population Density (per sq. mile)
66%
College Educated
$80,916
Estimated Median Income
9,378
Estimated Total Home Owners
5,289
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

606 NE 72ND AVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

606 NE 72ND AVE Market Data

Based on the last 30 days in this zip code

$490,975
Average List Price
$304
Average Price per Square Foot
32
Properties Sold
83
Average Days on Market
110
Properties for Sale
Calculations provided by Reliance Network

606 NE 72ND AVE History

Date Event Value Agent
6/9/2026Source: Regional MLS Status Change
Pending
2/23/2026Source: Regional MLS Price Reduction
$799,500 -3.1%
9/2/2025Source: Regional MLS Price Reduction
$824,900 -2.9%
8/6/2025Source: Regional MLS Price Reduction
$849,900 -2.9%
7/17/2025Source: Regional MLS Added to Database
July 17, 2025