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Listed price in listed location currency (USD).
$2,350,000

000

MLS® 588380175

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes $11,326
Days Active 0
Approx. Age 1913
MLS® Number 588380175

Property Address: 612 E Burnside St, Portland, OR, 97214-1245

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

Description

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
MLS® Number588380175
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1913
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 25, 2026List Date
$2,350,000List Price
  • Commute

Commute

Starting Address
Destination Address
612 E Burnside St, Portland, OR

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