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Listed by Living Room Realty

$1,300,000

Est. payment - /mo

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4,864 SqFt

Price Dropped by $200K

5203 NE 16TH AVE Portland, OR 97211

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,864 sqft

Price per Sqft $267

MLS Listing ID 219033570

Year Built 1926

Annual Tax Amount $6,242

Tax Year 2025

Lot Size 5,227 Sqft

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.

Location

State OR

County Multnomah

Area _142

Zoning R2.5

Rooms

Basement Full Basement

Interior

Heating Forced Air

Exterior

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Vernon

Middle Schools Vernon

High Schools Jefferson

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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