16 SW PORTER ST SW Portland, OR 97201
Price:
$3,500,000
Units:
32
Acres:
0.11
Unit 1:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 2:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 3:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 4:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 5:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 6:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 7:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 8:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 9:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 10:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 11:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 12:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 13:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 14:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 15:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 16:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 17:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 18:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 19:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 20:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 21:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 22:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 23:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 24:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 25:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 26:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 27:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 28:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 29:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 30:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 31:
1.0 Bath $949/mo
Features: Range, Refrigerator
Unit 32:
1 Bed 1.0 Bath $1,114/mo
Features: Range, Refrigerator, Washer/Dryer Hookup
MLS#:
186056133
Lot Size:
3,000 to 4,999 SqFt
Type:
Multi
Zone:
RM1
Yr Built:
1913
Taxe/yr:
$18,781.49
County:
Multnomah
Status:
Active
Levels:
3
Heat:
WallHeater
Nhood/Bldg:
Caruthers
View:
City
Elem:
Ainsworth
Middle:
West Sylvan
High:
Lincoln
Lot Desc:
Commons, Level, On Busline, Public Road
Area:
Portland NW/ SW/ S, Raleigh Hills
Courtesy of:
MORE Realty
Remarks:
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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