16360 SE Stark St, Portland, OR 97233
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
16360 SE Stark St,Portland, OR 97233
$2,200,000
- - Beds
- - Baths
- 13,514 sq. ft.
- Multi-family
- Pending
Listed by:chris gordon
Office:gordon properties
MLS#:388817085
Source:PORTLAND
Price summary
- Price:$2,200,000
- Price per sq. ft.:$162.79
About this home
Great, 16 unit Gresham apartment complex with on site laundry and plenty of parking. Priced to sell at $137.5k per unit, you will find this property very competitive. Great occupancy history. Two units recently remodeled and several others greatly updated. Current Cap rate is low due to two units being empty for over a year caused by two separate water damage losses. With them finished and soon to be rented, the Cap rate should end up at 4.8 for 2025. NOT IN PORTLAND! This is a Gresham property with a Portland address. Don't be fooled! You are not bound by Portland rental requirements. Not all two bed nor one bed units rent for the same amount.
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Home facts
- Year built:1964
- Listing Id #:388817085
- Added:164 day(s) ago
- Updated:August 14, 2025 at 07:17 AM
Rooms and interior
- Living area:13,514 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition
- Year built:1964
- Building area:13,514 sq. ft.
- Lot area:0.69 Acres
Schools
- High school:Centennial
- Middle school:Oliver
- Elementary school:Patrick Lynch
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,200,000
- Price per sq. ft.:$162.79
- Tax amount:$18,706 (2024)
All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Realty Partners are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: August 14, 2025New listings near 16360 SE Stark St
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