16 SW PORTER ST SW, Portland, OR 97201
16 SW PORTER ST SW, Portland, OR 97201
16 SW PORTER ST SW, Portland, OR 97201
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Blanca Gonzalez

Blanca Gonzalez

+1(503) 869-4701
Listed by MORE Realty • 503-740-3786
$3,500,000
Est. payment /mo
10,734 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,734 sqft

Price per Sqft $326

Subdivision Caruthers

MLS Listing ID 186056133

HOA Y/N No

Year Built 1913

Annual Tax Amount $18,781

Tax Year 2025

Lot Size 4,791 Sqft

Property Description

OWNER CARRIED FINANCING AVAILABLE WITH GREAT TERMS AND ECONOMICS. Prime Investment Opportunity at 16 SW Porter Street will not last long on the market with a $237,317 Net Operating and a 6.78% Capitalization Rate is a Fantastic Property to add to your Portfolio. This 32 Unit Apartment Complex with 31 - studios and 1 - 1bedroom / 1 bathroom is a Solid Investment Opportunity in the Heart of the Caruthers Neighborhood. Attractive Owner Carried Financing with many options. We can provide additional information on the owner carried contract availability. Most of the tenants are under a Year Lease with 6 tenants on a month to month tenancy. NEW MEMBRANE ROOF AS OF AUGUST 21, 2026 AND A NEW ENERGY STAR WATER HEATER SYSTEM INSTALLED AUGUST OF 2026. Solid rental history with many Long term Tenants. All tenants are individually metered. The Apartment Complex does have a Coin Op Washer and Dryer that Brings in an additional $5732 plus a year to add to the investment bottom line. Please feel free to drive by the apartment complex but please do not disturb the tenants. All Purchase Agreements shall be written " Subject To Interior Inspection " . There are No Signs on the property or building.

Location

State OR

County Multnomah

Community Laundry

Area _148

Zoning RM1

Rooms

Basement Full Basement, Storage Space

Interior

Heating Wall Heater

Cooling None

Exterior

Community Features Laundry

View City

Roof Type Flat,Membrane

Garage No

Building

Lot Description Commons, Level, On Busline, Public Road

Story 3

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Ainsworth

Middle Schools West Sylvan

High Schools Lincoln

Others

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

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Regional Multiple Listing Service (RMLS)

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Blanca Gonzalez

Blanca Gonzalez

+1(503) 869-4701

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