USAORPortland723 Se 60Th Ave
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723 Se 60Th Ave, Portland, OR

House

For Sale

Listed price in listed location currency (USD).
$7,500,000

000

MLS® 185390634

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage 
Taxes $79,992
Days Active 0
Lot Size 
Approx. Age 1993
MLS® Number 185390634

Property Address: 723 Se 60th Ave, Portland, OR, 97215-1905

Average square foot calculated using Size range provided by listing agent.

Description

Wingsong Apartments offers the opportunity to acquire a high-quality 34-unit apartment community in one of Portland’s most desirable eastside neighborhoods, with attractive in-place financing (sub-3.5%) and clear rent growth potential.Built in 1993, the property consists of 34 large, open-layout units with a highly desirable unit mix. Apartments feature spacious floor plans, and a unit mix weighted toward large two-bedroom two bathroom layouts that support strong tenant demand and long-term retention. Full size in-unit washer dryers, private balconies and patios, and ample greenspace. Garages and off-street parking further, in a neighborhood where parking can be limited, support long-term tenant demand and operational stability.The property has been well maintained and does not require significant near-term capital investment, allowing a new owner to focus on operations. In-place rents trail comparable Mt. Tabor area assets when considering unit sizes, parking, and overall livability, creating a clear opportunity for income growth through a measured rent strategy. For buyers seeking additional upside, modest, high-ROIcosmetic improvements can be implemented over time to further support rent growth and long-term value.The offering is further enhanced by attractive assumable financing with a 3.43% fixed interest rate through 2031. This provides immediate positive leverage and protection against today’s higher interest rate environment, materially improving yield and cash flow. Located near Mt. Tabor Park and close-in East Portland amenities, Wingsong benefits from consistent renter demand and long-term neighborhood appeal. Assets of this quality and scale rarely trade with both operational upside and favorable in-place debt.
MLS® Number185390634
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1993
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 13, 2026List Date
$7,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
723 Se 60Th Ave, Portland, OR

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