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16 SW PORTER ST SW Portland, OR $ 3,500,000
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16 SW PORTER ST SW
$ 3,500,000
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16 SW PORTER ST SW

Portland, OR, 97201
$ 3,500,000
Bedrooms1 Baths2.0 Sq 10,734

Monthly Estimate*

$ 22,099

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Multi-Family Home for sale in Portland, OR

for $3,500,000 with 1 bedroom and 2 full baths. This 10,734 square foot home was built in 1913 on a lot size of 0.11.

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.

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Multi-Family Active

Price

$ 3,500,000

Bedrooms

1

Full Bath

2

Property Type

Multi-Family

Taxes

$ 18,781

Style

Lot Size

0.11

Year Built

1913

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

186056133
Features
General
Sewer PublicSewer
Heating WallHeater
Cooling None
Roof Flat Membrane
Zoning RM1
Garage Spaces 0
Security Features Entry FireSprinklerSystem SecurityLights Sidewalk
Year Built 1913
Stories Count 3
Tax Year 2025
Parcel Number R128854
Gross Income 370040.0
Community Features Laundry
County Multnomah
Net Operating Income 237317.0
Operating Expense 132722.0
Property Type MultiFamily
HOA N
Subdivision Name Caruthers
Rent Includes MaintenanceGrounds Sewer TrashCollection Water
Status Active
Directions W Ross Island Bridge 10 R SW Nato Pkwy R SW Curry St R SW First St R S Porter St
High School Lincoln
City Portland
Disclosures Disclosure
Number Of Units Total 32
MLS Area _148
Lot Size Square Feet 4791.0
Listing Terms Cash Contract Conventional
Elementary School Ainsworth
Tax Annual Amount 18781.49
Middle/Junior High School West Sylvan
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description CARUTHERS ADD BLOCK 56 W 46.01' OF LOT 1&2
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Interior
Basement FullBasement StorageSpace
Storage Basement
Hot Water ENERGYSTARQualifiedEquipment Gas
Unit 1 Baths Total 1
Unit 1 Beds Total 0
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features None
Lot Features Commons Level OnBusline PublicRoad
Water Source PublicWater
Total Parking 0
Exterior Description LapSiding VinylSiding WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 10734.0
Lot Size Acres 0.11
Road Surface Type Concrete Paved
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Internal Only
Street Number 1 16
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* Excluded Features
List By
More Realty

Broker

503-740-3786

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Affordability Calculator

$23,664
Per Month
93%
7%
0%
Monthly Principal & Interest
$22,099
Monthly Property Taxes
$1,565
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949242 Elementary School
1948992 Middle School
Lincoln High School High School
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Pricing History
DatePricePrice ChangeDescription
9/12/2026$3,500,000 Listed Price

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16 SW PORTER ST SW, Portland, OR, 97201 is a Multi-Family Home for sale at $3,500,000 with 10,734 sqft and a lot size of 0.11. 16 SW PORTER ST SW has 1 bedrooms, 2.0 baths, and was built in 1913. The property's zip code is 97201 which is in Portland, OR

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