723 SE 60th Ave, Portland...
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Est $ 46,027/mo
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723 SE 60th Ave, Portland, Oregon, 97215
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3
Bed
3
Bath
36693
Sqft
Overview
Property Type
Home
Property Status
Sale
Year Built
1993
Days on RealtySearch
-
Active Status
Active
Last Sold
-
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 des...
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Neighborhood
723 SE 60th Ave is located in neighborhood in the city of Portland,OR
Property History
Date
2026-05-13
Event
Listed
Price
$7500000
Price/Sq Ft
36693
Source
RMLS
View More Details
Est
get pre-qualify
723 SE 60th Ave, Portland, Oregon, 97215
Get Free FICO® Credit Score
View On Map
3
Bed
3
Bath
36693
Sqft
Overview
Property Type
Home
Property Status
Sale
Year Built
1993
Days on RealtySearch
-
Active Status
Active
Last Sold
-
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 des...
More Details
Neighborhood
is located in neighborhood in the city of ,
Property History
Date
2026-05-13
Event
Listed
Price
$7500000
Price/Sq Ft
Source
View More Details
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Home Details
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.
Presented by:
Jude Soldati
Brokered by:
SMI REAL ESTATE
Broker Location
,
Monthly Cost Calculator
$ 46,027 / Month
$ Principal & Interest
$ Taxes
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$ Mortgage Insurance
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Property History
Date
2026-05-13
Event
Listed
Price
$7500000
Price/Sq Ft
36693
Source
RMLS
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