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5203 NE 16th Ave, Portland, OR 97211

$1,500,000

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Property Description

Opportunity knocks in Alberta Arts. Are you listening? Now is your chance to own an outstanding investment property in Northeast Portland. This classic Portland apartment building has been carefully and professionally maintained and managed by the same owners for the last few decades. Featuring six studios and one 3 bedroom unit, this property is a perfect fit for a live-in investment property, or wise investment portfolio addition. All units are currently occupied, and the property has had recent updates including: new exterior paint (2025), updated PEX water lines, newer water heaters, flooring and counter updates, and newer gas furnaces for each unit.

5203 NE 16th Ave | MLS# 219033570

This multi-family property located at 5203 NE 16th Ave, Portland, OR 97211 is currently listed for sale with an asking price of $1,500,000. Search Portland real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: FullBasement
Fuel Type: Gas
Heating: Forced Air
Roof Type: Composition
Stories: 2.0
Taxes: $6,243
Year Built: 1926
Square Feet: 4,864

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator
Rent: $1050.00
Square Footage: 500
Total Units: 6
Unit Type 2:
Bathroom(s): 1
Bedrooms: 3
Features: Range, Refrigerator
Rent: $1235.00
Square Footage: 1500
Total Units: 1

Feature Descriptions

Days on Site: 24
Exterior: Cedar, Shingle Siding
Gross Income: $90420.00 (Actual)
Hot Water: Tank
Lot: Level
Net Income: $48231.00 (Actual)
Operating Expenses: $42189.00 (Actual)
Parking: OnStreet
Parking Notes: OnStreet
Sewer: Public Sewer
Storage: Basement
Units: 7
Water: Public Water

Local Schools

High School: Jefferson
Middle School: Vernon
Elementary School: Vernon

Listed By / Shown By

Listed By

Agency Name: Living Room Realty
Agency Phone: 503-719-5588

Shown By

Agency Title: Bend Premier Real Estate
Agency Phone: 541-323-2779

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Estimate Your Payment

Estimated Payment

$ 8,542.57 per month $7,584.82 Principal & Interest $520.25 Property Tax $437.50 Homeowner's Insurance

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