A newly constructed property in the Cully neighborhood, boasting a contemporary design aesthetic, is fully rented out and presents a fantastic investment opportunity. This turnkey property offers the added advantage of a completed condo plat, allowing the new owner to finalize and file the necessary documents to convert the units into individual condos at any time, providing flexibility and potential for increased returns.
Active
$2,800,000
6061 NE Simpson St, Portland, OR 97218
14beds
7,065sqft
Est.:
Multi Family
Built in 2024
-- sqft lot
$-- Zestimate®
$396/sqft
$-- HOA
What's special
- 538 days |
- 115 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: 21 hours ago
Listed by:
Kenneth Avery 971-506-9970,
eXp Realty, LLC
Source: RMLS (OR),MLS#: 24237499
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 16
- Full bathrooms: 12
- Partial bathrooms: 4
Heating
- Mini Split
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Refrigerator, Washer/Dryer, Electric Water Heater
Features
- Flooring: Hardwood
Interior area
- Total structure area: 7,065
- Total interior livable area: 7,065 sqft
Property
Parking
- Parking features: Paved
Features
- Stories: 2
Lot
- Size: 10,454.4 Square Feet
- Features: Level, SqFt 10000 to 14999
Details
- Parcel number: R197589
- Zoning: RM1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Siding
- Roof: Composition
Condition
- New Construction
- Year built: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $396/sqft
- Tax assessed value: $2,104,590
- Annual tax amount: $15,000
- Date on market: 6/25/2024
- Listing terms: Cash,Conventional,Other
- Total actual rent: 17100
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2025 | Listed for sale | $2,800,000$396/sqft |
Source:  RMLS (OR) #24237499 Report a problem | ||
| 7/1/2025 | Listing removed | $2,800,000$396/sqft |
Source: RMLS (OR) #24237499 Report a problem | ||
| 7/10/2024 | Price change | $2,800,000-3.4%$396/sqft |
Source: RMLS (OR) #24237499 Report a problem | ||
| 6/27/2024 | Listed for sale | $2,900,000+2421.7%$410/sqft |
Source: RMLS (OR) #24237499 Report a problem | ||
| 5/16/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $24,329 +27.3% | $902,900 +26.4% |
| 2024 | $19,106 +683.4% | $714,110 +675.9% |
| 2023 | $2,439 -35.1% | $92,040 -34.6% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$14,054/mo
Principal & interest
$10857
Property taxes
$2217
Home insurance
$980
Climate risks
Neighborhood: Cully
Nearby schools
GreatSchools rating
- 8/10Rigler Elementary SchoolGrades: K-5Distance: 0.7 mi
- 10/10Beaumont Middle SchoolGrades: 6-8Distance: 1.6 mi
- 4/10Leodis V. McDaniel High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Rigler
- Middle: Beaumont
- High: Leodis Mcdaniel
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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