16360 SE STARK ST Portland, OR 97233
Price:
$2,400,000
Units:
16
Acres:
0.69
Unit 1:
3 Bed 2.0 Bath $1,445/mo
Features: Range, Refrigerator, Washer/Dryer Hookup, Window Coverings
Unit 2:
2 Bed 1.0 Bath $1,195/mo
Features: Range, Refrigerator, Unfurnished, Window Coverings
Unit 3:
2 Bed 1.0 Bath $1,195/mo
Features: Range, Refrigerator, Unfurnished, Window Coverings
Unit 4:
2 Bed 1.0 Bath $1,195/mo
Features: Range, Refrigerator, Unfurnished, Window Coverings
Unit 5:
2 Bed 1.0 Bath $1,195/mo
Features: Range, Refrigerator, Unfurnished, Window Coverings
Unit 6:
2 Bed 1.0 Bath $1,195/mo
Features: Range, Refrigerator, Unfurnished, Window Coverings
Unit 7:
2 Bed 1.0 Bath $1,195/mo
Features: Range, Refrigerator, Unfurnished, Window Coverings
Unit 8:
2 Bed 1.0 Bath $1,195/mo
Features: Range, Refrigerator, Unfurnished, Window Coverings
Unit 9:
2 Bed 1.0 Bath $1,195/mo
Features: Range, Refrigerator, Unfurnished, Window Coverings
Unit 10:
2 Bed 1.0 Bath $1,195/mo
Features: Range, Refrigerator, Unfurnished, Window Coverings
Unit 11:
2 Bed 1.0 Bath $1,195/mo
Features: Range, Refrigerator, Unfurnished, Window Coverings
Unit 12:
2 Bed 1.0 Bath $1,195/mo
Features: Range, Refrigerator, Unfurnished, Window Coverings
Unit 13:
2 Bed 1.0 Bath $1,195/mo
Features: Range, Refrigerator, Unfurnished, Window Coverings
Unit 14:
1 Bed 1.0 Bath $1,095/mo
Features: Range, Refrigerator, Unfurnished, Window Coverings
Unit 15:
1 Bed 1.0 Bath $1,095/mo
Features: Range, Refrigerator, Unfurnished, Window Coverings
Unit 16:
1 Bed 1.0 Bath $1,095/mo
Features: Range, Refrigerator, Unfurnished, Window Coverings
MLS#:
388817085
Lot Size:
20,000 SqFt to .99 Acres
Type:
Multi
Zone:
multifa
Yr Built:
1964
Taxe/yr:
$18,705.61
County:
Multnomah
Status:
Active
Levels:
2
Heat:
Baseboard, WallHeater
Elem:
Patrick Lynch
Middle:
Oliver
High:
Centennial
Lot Desc:
Corner Lot, Level, On Busline
Area:
Gresham, Sandy, Troutdale, Corbett
Courtesy of:
Gordon Properties
Remarks:
Great, 16 unit Gresham apartment complex with on site laundry and plenty of parking. Priced to sell at $150k 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.

We’ll get back to you as soon as we’re able. But if you need us sooner, feel free to call Brian at 503-810-2219 with your questions.


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