16 SW Porter St Sw, Portland, OR 97201

Portland
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
16 SW Porter St Sw,Portland, OR 97201
$3,500,000
  • - Beds
  • - Baths
  • 10,734 sq. ft.
  • Multi-family
  • Active
Listed by: allen riddle, scott dunn
Office: more realty503-353-6673
MLS#:186056133
Source:PORTLAND

Price summary

  • Price:$3,500,000
  • Price per sq. ft.:$326.07

About this home

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...

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Home facts

  • Year built:1913
  • Subdivision & Development:Caruthers
  • Listing ID #:186056133
  • Added:7 day(s) ago
  • Updated:September 18, 2026 at 03:49 PM

Rooms and interior

  • Basement Description:Full Basement, Storage Space
  • Living area:10,734 sq. ft.

Structure and exterior

  • Roof:Flat, Membrane
  • Year built:1913
  • Building area:10,734 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Commons, Level, On Busline, Public Road
  • Foundation Description:Concrete Perimeter
  • Levels:3 Stories

Schools

  • High school:Lincoln
  • Middle school:West Sylvan
  • Elementary school:Ainsworth

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,500,000
  • Price per sq. ft.:$326.07
  • Tax amount:$18,781 (2025)
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