5203 NE 16TH AVE, Portland, OR 97211

$1,300,000
4,864
SqFt

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List Price
$1,300,000
Price Change
▼ $200,000 1781844092
Days on Market
139
MLS#
219033570
Property Type
Multifamily
Sqft. of Residence
4,864
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland Northeast
Status
ACTIVE

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.

Additional Information

Tax Amount
$6,242
Year Built
1926
High School
Jefferson
Elementary School
Vernon
Middle School
Vernon
Acres
0.12
Living Area
4,864
Stories
2
Terms
Cash, Conventional
Fuel Description
Gas
Heating Description
Forced Air
Hoa Rent Includes
Sewer, Trash Collection, Water
Hot Water Description
Tank
Exterior Description
Cedar, Shingle Siding
Roof Type
Composition
Sewer Description
Public Sewer
Parking
On Street
Security Or Entry
Security System Owned
Parking Description
On Street
Road Surface
Paved
Number Of Units Total
7
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Rent
1050
Unit Type One Sq Ft
500
Unit Type One Units Total
6
Unit Type Two Baths Total
1
Unit Type Two Beds Total
3
Unit Type Two Units Total
1

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Living Room Realty.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.