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$824,900

  • For Sale
  • Active
  • Multi-Family
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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.

Full Property Details for 606 NE 72nd Ave.

General

  • Price: $824,900
  • Taxes: $7,210 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 206315961
  • Updated: 9/2/2025
  • Added to Site: 185 day(s) ago

Rental Information

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

Parking

  • Total Spaces: 6
  • Parking Features: Off Street

Location

  • County: Multnomah
  • Driving Directions: From NE Glisan, go north on 72nd

School Information

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

Community

  • Community Name: 143 - Portland Southeast

Heating & Cooling

  • Heating Type: Baseboard, Forced Air, Radiant
  • Heating Fuel: Electricity, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Exterior Entry, Finished
  • Roof: Composition
  • Stories/Levels: 2
  • Year Built: 1959
  • Property Condition: Existing

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,098
  • Lot Size: 5, 000 to 6, 999 SqFt
  • Frontage: Paved
  • Lot Features: Level

Green Features

  • Green Certified: Yes

Financial Considerations

  • Operating Expenses: $11,900
  • Tax Amount: $7,210.59
  • Tax Year: 2024
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: BRAINARD, BLOCK 2, LOT 12&13, N 1/2 OF LOT 14
  • Property ID: R119352

Listed by MORE Realty (503) 353-6673, Jeff Stephens (503) 869-7303

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Listing agent

— 606 NE 72nd Ave. —

  • Jeff Stephens

    MORE Realty

    503-353-6673

503-869-7303

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 606 NE 72nd Ave.

School District:Portland School District 1j
NameGradesDistance
Vestal Elementary School
161 Northeast 82nd Avenue, Portland, OR 97220
K-50.5 mi
Roseway Heights School
7334 Northeast Siskiyou Street, Portland, OR 97213
6-81.2 mi
Leodis V. McDaniel High School
3905 Southeast 91st Avenue, Portland, OR 97266
9-122.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 606 NE 72nd Ave. Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/02/2025
Price Reduced
$824,900
-2.94%
MLS
8/06/2025
Price Reduced
$849,900
-2.86%
MLS
7/17/2025
Listed
$874,900
326.78%
MLS
9/22/1994
Sold
$205,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 606 NE 72nd Ave.

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,479
4%
$277,580
3%
2024
$7,211
4%
$269,500
3%
2023
$6,934
4%
$261,660
6%
2021
$6,669
-2%
$246,650
-3%
2022
$6,783
2%
$254,040
6%
2021
$6,669
13%
$239,470
3%
2019
$5,893
3%
$232,500
3%
2018
$5,720
4%
$225,730
3%
2017
$5,482
9%
$219,160
3%
2016
$5,017
3%
$212,780
3%
2015
$4,885
2%
$206,590
3%
2014
$4,812
2%
$200,580
3%
2013
$4,700
—
$194,740
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by MORE Realty (503) 353-6673, Jeff Stephens (503) 869-7303

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606 NE 72nd Ave, Portland, OR 97213 (MLS# 206315961) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 606 NE 72nd Ave is currently listed for $824,900 and was received on July 17, 2025. Want to learn more about 606 NE 72nd Ave? Do you have questions about finding other Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

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