16 SW PORTER SW ST, Portland, OR 97201
- $3,500,000
- 10,734
- SqFt
- List Price
- $3,500,000
- Days on Market
- 0
- MLS#
- 186056133
- Property Type
- Multifamily
- Sqft. of Residence
- 10,734
- Lot Size
- 3, 000 to 4, 999 SqFt
- Region
- Portland NW/ SW/ S, Raleigh Hills
- Status
- ACTIVE
Property Description
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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Additional Information
- Tax Amount
- $18,781
- Year Built
- 1913
- High School
- Lincoln
- Elementary School
- Ainsworth
- Middle School
- West Sylvan
- Acres
- 0.11
- Living Area
- 10,734
- Stories
- 3
- Subdivision
- Caruthers
- Terms
- Cash, Contract, Conventional
- Cooling Description
- None
- Fuel Description
- Electricity, Gas
- Heating Description
- Wall Heater
- Hoa Rent Includes
- Maintenance Grounds, Sewer, Trash Collection, Water
- Hot Water Description
- ENERGY STAR Qualified Equipment, Gas
- Exterior Description
- Lap Siding, Vinyl Siding, Wood Siding
- Roof Type
- Flat, Membrane
- Sewer Description
- Public Sewer
- View
- City
- Parking
- None
- Security Or Entry
- Entry, Fire Sprinkler System, Security Lights, Sidewalk
- Parking Description
- None
- Road Surface
- Concrete, Paved
- Number Of Units Total
- 32
- Unit Type One Baths Total
- 1
- Unit Type One Rent
- 949
- Unit Type One Sq Ft
- 205
- Unit Type One Units Total
- 31
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 1
- Unit Type Two Units Total
- 1
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Listing courtesy of MORE Realty.
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