821 NW 16TH AVE, Portland, OR 97209 | MLS #612475903 | Berkshire Hathaway HomeServices Real Estate Professionals
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Listing provided courtesy of Bison Properties- MLS# 612475903MLS Provider

821 NW 16TH AVEPortland, OR 97209

Multi-Family · 5,088 Sq. ft. | 0.08 Acres
$899,900 Active

821 NW 16TH AVE Overview

Time on Site:
461 days
Visits:
20

Amazing opportunity on this mixed-use classic in niche NW Portland Neighborhood zoned CM3! The property would be great used as a Live/Work space, duplex for residential or investment for both residential AND commercial. The main level is used as office space with great flow and both community space and private office. The upstairs apartment is light-filled and open with 4 bedrooms, 2 bathrooms and an open floor plan. To top it all off, there is hard-to-find INTERIOR parking for up to 6 cars for the resident...or rent it out as a separate space! Tons of potential and close to everything! Great access to shopping, NW 23rd, restaurants, freeway access, parks, downtown and endless entertainment. Don't miss your chance to invest in NW!

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821 NW 16TH AVE Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,088
  • Price/Sq.ft. $177
  • Lot 0.08 Acres

Details

General

School Information

  • Elementary School: Chapman
  • Middle Or Junior School: West Sylvan
  • High School: Lincoln

Income/Expenses

  • Gross Income: 98585.0
  • Gross Scheduled Income: 110585.0
  • Net Operating Income: 83778.0
  • Operating Expense: 14806.0

Building Information

  • Year Built: 1904

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 148 - Portland NW/ SW/ S, Raleigh Hills
  • Subdivision Name: NW PORTLAND

Rent/Lease Information

  • Rent Includes: Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 8224.13
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: R140805
  • Property Condition: Updated/Remodeled
  • Property Type: Multi Family
  • Zoning: CM3

Interior

Parking Information

  • Garage Spaces: 6.0

Building Interior

  • Building Area Total: 5088.0

General Information

  • Basement: Exterior Entry,Full Basement,Unfinished
  • Cooling: Mini Split
  • Heating: Ductless,Mini Split,Wall Heater
  • Security Features: Fire Escape,Fire Sprinkler System
  • Stories: 3

Exterior

Parking Information

  • Parking Features: Attached,Garage
  • Parking Total: 6.0

Lot Information

  • Lot Size Square Feet: 3484.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 2
  • Sewer: Public Sewer

821 NW 16TH AVE Neighborhood

Community

97209 (Portland) Demographics

39
Median Age
16,084
Population Density (per sq. mile)
72%
College Educated
$65,746
Estimated Median Income
3,244
Estimated Total Home Owners
10,389
Estimated Total Renters
24% / 76%
Estimated Owner / Renter Divide
1
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

821 NW 16TH AVE Monthly Cost

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Greg Bowyer
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

821 NW 16TH AVE Market Data

Based on the last 30 days in this zip code

$504,069
Average List Price
$420
Average Price per Square Foot
22
Properties Sold
138
Average Days on Market
229
Properties for Sale
Calculations provided by Reliance Network

821 NW 16TH AVE History

Date Event Value Agent
6/4/2026Source: Regional MLS Status Change
Active
6/4/2026Source: Regional MLS Status Change
Active
4/29/2026Source: Regional MLS Status Change
Pending
4/29/2026Source: Regional MLS Status Change
Pending
4/15/2026Source: Regional MLS Price Reduction
$899,900 -5.3%
4/15/2026Source: Regional MLS Price Reduction
$899,900 -5.3%
3/25/2026Source: Regional MLS Price Reduction
$949,900 -5.0%
3/25/2026Source: Regional MLS Price Reduction
$949,900 -5.0%
2/18/2026Source: Regional MLS Price Reduction
$999,900 -4.8%
2/18/2026Source: Regional MLS Price Reduction
$999,900 -4.8%
1/13/2026Source: Regional MLS Price Reduction
$1,050,000 -4.5%
1/13/2026Source: Regional MLS Price Reduction
$1,050,000 -4.5%
12/5/2025Source: Regional MLS Price Reduction
$1,099,000 -4.4%
12/5/2025Source: Regional MLS Price Reduction
$1,099,000 -4.4%
11/5/2025Source: Regional MLS Price Reduction
$1,149,900 -4.2%
11/5/2025Source: Regional MLS Price Reduction
$1,149,900 -4.2%
10/8/2025Source: Regional MLS Price Reduction
$1,199,900 -4.0%
10/8/2025Source: Regional MLS Price Reduction
$1,199,900 -4.0%
9/4/2025Source: Regional MLS Price Reduction
$1,249,900 -7.3%
9/4/2025Source: Regional MLS Price Reduction
$1,249,900 -7.3%
7/15/2025Source: Regional MLS Price Reduction
$1,349,000 -7.0%
7/15/2025Source: Regional MLS Price Reduction
$1,349,000 -7.0%
3/25/2025Source: Regional MLS Added to Database
March 25, 2025
3/25/2025Source: Regional MLS Added to Database
March 25, 2025