Intratumoral (IT) drug injections reduce systemic toxicity, but delivered volumes and distribution can be inconsistent. To improve IT delivery paradigms, porphyrin-phospholipid (PoP) liposomes were passively loaded with 3 hydrophilic cargos: SRB, a fluorophore; Gd-DTPA, a magnetic resonance (MR) agent; and oxaliplatin, a colorectal cancer chemotherapeutic. Liposome composition was optimized so that cargo was retained in serum and storage, but was released in less than one minute with exposure to near infrared (NIR) light. Light-triggered release occurred with PoP-induced photooxidation of unsaturated lipids and all cargos released concurrently. In subcutaneous murine colorectal tumors, drainage of released cargo was delayed when laser treatment occurred 24 hours after IT injection, at doses orders of magnitude lower than systemic ones. Delayed light-triggering resulted in substantial tumor shrinkage relative to controls a week following treatment, although regrowth occurred subsequently. MR imaging revealed that over this time frame, pools of liposomes within the tumor migrated to adjacent regions, possibly leading to altered spatial distribution during triggered drug release. Although further characterization of cargo loading and release is required, this proof-of-principle study suggests that multimodal theranostic IT delivery approaches hold potential to both guide injections and interpret outcomes, in particular when combined with chemophototherapy.