5203 NE 16TH AVE

Portland, OR 97211

$1,500,000

Opportunity knocks in Alberta Arts. Are you listening? Now is your chance to own an outstanding investment property in Northeast Portland. This classic Portland apartment building has been carefully and professionally maintained and managed by the same owners for the last few decades. Featuring six studios and one 3 bedroom… Read MoreRead Less

Listing courtesy of Living Room Realty.

Listing Snapshot

Days Online

Last Updated

Mar 11, 2026

Square Ft.

4,864

Lot Size

0.12 Acres

Year Built

1926

MLS Number

219033570

30 Days Snapshot Of 97211

$591k

+13%

(avg) sold price

+100%

homes sold

-38%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Basement

Basement: FullBasement

Building

Building Area Total: 4864, Built in 1926, Storage: Basement, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2

Expenses

Operating Expense Scheduled: 42189, Operating Expense: $42,189

Exterior Features

Exterior Description: Cedar, ShingleSiding

Foundation

Foundation Details: ConcretePerimeter

Heating

Heating: ForcedAir

Income

CAP Rate: 3.22, Gross Income: $90,420, Gross Rent Multiplier: 16.59, Gross Scheduled Income: $112,400, Net Operating Income: $48,231, Net Scheduled Income: 70211

Lot

Features: Level, Size Acres: 0.12, Size Range: SqFt5000to6999, Size Square Feet: 5,227, Size: 5,000 to 6,999 SqFt

Miscellaneous

Investor Information: AccordingToOwner, AnnualPropertyOperationData, Leases

Parking

Features: OnStreet

Property

Number Of Units Total: 7, Property Condition: UpdatedRemodeled, Zoning: R2.5

Roof

Roof: Composition

Security Features

Features: SecuritySystemOwned

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $6,243, Legal Description, Tax Year: 2025

Unit One

Actual Rent: $1,050, Area: 500, Features: Range, Refrigerator, Units Total: 6, 1 total bathroom, 1 total bedroom

Unit Two

Actual Rent: $1,235, Area: 1500, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 3 total bedroom

Utilities

Fuel Description: Gas, Hot Water Description: Tank, Water Source: PublicWater

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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 eXp Realty, LLC are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Mar 11, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Mar 11, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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5203 NE 16TH AVE

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