Listing provided courtesy of Living Room Realty- MLS# 219033570
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Request Info5203 NE 16TH AVEPortland, OR 97211
Multi-Family · 4,864 Sq. ft. | 0.12 Acres$1,300,000
Active
5203 NE 16TH AVE Overview
- Time on Site:
- 111 days
- Visits:
- 4
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 unit, this property is a perfect fit for a live-in investment property, or wise investment portfolio addition. All units are currently occupied, and the property has had recent updates including: new exterior paint (2025), updated PEX water lines, newer water heaters, flooring and counter updates, and newer gas furnaces for each unit.
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5203 NE 16TH AVE Facts & Features
- Type Multi-Family
- Sq. ft. 4,864
- Price/Sq.ft. $267
- Lot 0.12 Acres
Details
General
School Information
- Elementary School: Vernon
- Middle Or Junior School: Vernon
- High School: Jefferson
Income/Expenses
- Gross Income: 90420.0
- Gross Scheduled Income: 112400.0
- Net Operating Income: 48231.0
- Operating Expense: 42189.0
Building Information
- Year Built: 1926
Location/Region
- Country: US
- County Or Parish: Multnomah
- MLS Area Major: 142 - Portland Northeast
Rent/Lease Information
- Rent Includes: Sewer,Trash Collection,Water
Tax Information
- Tax Annual Amount: 6242.58
- Tax Year: 2025
General Information
- Listing Terms: Cash,Conventional
- Parcel Number: R295093
- Property Condition: Updated/Remodeled
- Property Type: Multi Family
- Zoning: R2.5
Interior
Parking Information
- Garage Spaces: 0
Building Interior
- Building Area Total: 4864.0
General Information
- Basement: Full Basement
- Foundation Details: Concrete Perimeter
- Heating: Forced Air
- Security Features: Security SystemOwned
- Stories: 2
Exterior
Parking Information
- Parking Features: On Street
- Parking Total: 0
Lot Information
- Lot Features: Level
- Lot Size Acres: 0.12
- Lot Size Square Feet: 5227.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 7
- Sewer: Public Sewer
5203 NE 16TH AVE Neighborhood
Community
97211 (Portland) Demographics
36
Median Age
3,858
Population Density (per sq. mile)
62%
College Educated
$86,976
Estimated Median Income
9,252
Estimated Total Home Owners
5,084
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.5203 NE 16TH AVE Monthly Cost
5203 NE 16TH AVE Market Data
Based on the last 30 days in this zip code
$598,788
Average List Price
$307
Average Price per Square Foot
44
Properties Sold
74
Average Days on Market
118
Properties for Sale
5203 NE 16TH AVE History
| Date | Value | Agent |
|---|---|---|
| 6/18/2026Source: Regional MLS | $1,300,000 -13.3% |
|
| 3/11/2026Source: Regional MLS | March 11, 2026 |