612 E Burnside St, Portland, OR 97214
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
612 E Burnside St,Portland, OR 97214
$2,350,000
- - Beds
- - Baths
- 6,639 sq. ft.
- Multi-family
- Active
Listed by: reuben schug
Office: windermere realty trust503-233-7777
MLS#:588380175
Source:PORTLAND
Price summary
- Price:$2,350,000
- Price per sq. ft.:$353.97
About this home
Mattsonian Apartments is a boutique mixed-use apartment property located along East Burnside Street, one of Portland’s most prominent and highly trafficked urban corridors. The three-story building consists of 10 efficiently designed studio apartments above a ground-floor retail space, offering investors a compelling blendof residential and commercial income in a dense, transit-oriented location.Originally constructed in 1913, the property benefits from historic character and irreplaceable urban positioning, while providing functional layouts well suited to today’s renter-by-necessity demographic. The residential units average approximately 500 square feet and appeal to tenants seeking affordable housing options near employment centers, transit, and downtown Portland amenities.The asset features multiple income streams, including stabilized residential rents, a ground-floor retail tenant (a tea house), and billboard income with strong visibility along East Burnside Street. This diversified revenue profile enhances income stability and reduces reliance on any single source of cash flow. Additionally, RUBS billing recovers a meaningful portion of utility expenses, contributing to operational efficiency. With in-place cash flow and demonstrated rental upside, Mattsonian Apartments presents an opportunity to acquire a well-located urban asset supported by durable demand drivers, diversified income sources, and long-term investment stability....
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Home facts
- Year built:1913
- Listing ID #:588380175
- Added:45 day(s) ago
- Updated:April 12, 2026 at 11:23 AM
Rooms and interior
- Living area:6,639 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Flat
- Year built:1913
- Building area:6,639 sq. ft.
- Lot area:0.05 Acres
- Lot Features:Corner Lot, Level
- Levels:3 Stories
Schools
- High school:Cleveland
- Middle school:Hosford
- Elementary school:Buckman
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,350,000
- Price per sq. ft.:$353.97
- Tax amount:$11,326 (2025)
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