# 612 E BURNSIDE St, Portland, OR 97214

> **TL;DR:** 0bd/2ba residential multi family, $2,350,000 ($354/sqft), built 1913, 6,639 sqft. Est. $10,183/mo. Listed 44 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,350,000 |
| Price/sqft | $354 |
| Bathrooms | 2 full |
| Square Feet | 6,639 |
| Year Built | 1913 |
| Lot Size | 2,178 sqft (0.05 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 44 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $10,183 |
| **Total** | **$10,183** |

## Nearby Schools

- **Elementary:** Buckman
- **Middle:** Hosford
- **High:** Cleveland

## Property Highlights

- Built in 1913
- 0.05 acre lot
- 3 stories

## Description

### 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 income sources, and long-term investment stability.

## Location

- **Address:** 612 E BURNSIDE St, Portland, OR 97214
- **County:** Multnomah
- **Neighborhood:** BUCKMAN
- **Coordinates:** 45.522775, -122.659319
- **Google Maps:** https://www.google.com/maps?q=45.522775,-122.659319

## Listing Agent

- **Name:** Reuben Schug
- **Brokerage:** Windermere Realty Trust
- **Phone:** 5037541930
- **Email:** reubenschug@windermere.com

## Primary Photo

![612 E BURNSIDE St - Primary Photo](http://lh.rdcpix.com/0abb77fee5adbdff23ff332f19ceca23l-f3257131498r.jpg)

*9 total photos available on [listing page](https://www.propertysimple.com/listing/612-e-burnside-st-portland-or-97214-88380175)*

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**MLS#:** 588380175 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/612-e-burnside-st-portland-or-97214-88380175)

---

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