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5203 NE 16th Ave, Portland, OR 97211

$1,500,000

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Property Description

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.

5203 NE 16th Ave | MLS# 219033570

This multi-family property located at 5203 NE 16th Ave, Portland, OR 97211 is currently listed for sale with an asking price of $1,500,000. Search Portland real estate on otiscraig.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: FullBasement
Fuel Type: Gas
Heating: Forced Air
Roof Type: Composition
Stories: 2.0
Taxes: $6,243
Year Built: 1926
Square Feet: 4,864

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator
Rent: $1050.00
Square Footage: 500
Total Units: 6
Unit Type 2:
Bathroom(s): 1
Bedrooms: 3
Features: Range, Refrigerator
Rent: $1235.00
Square Footage: 1500
Total Units: 1

Feature Descriptions

Days on Site: 24
Exterior: Cedar, Shingle Siding
Gross Income: $90420.00 (Actual)
Hot Water: Tank
Lot: Level
Net Income: $48231.00 (Actual)
Operating Expenses: $42189.00 (Actual)
Parking: OnStreet
Parking Notes: OnStreet
Sewer: Public Sewer
Storage: Basement
Units: 7
Water: Public Water

Local Schools

High School: Jefferson
Middle School: Vernon
Elementary School: Vernon

Listed By / Shown By

Listed By

Agency Name: Living Room Realty
Agency Phone: 503-719-5588

Shown By

Agent Name: Otis Craig, Broker
Agent Phone: Cell: (541) 771-4824
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 8,542.57 per month $7,584.82 Principal & Interest $520.25 Property Tax $437.50 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/05/2026. The listing information on this page last changed on 04/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 04/05/2026 1:28:13 AM EST) or RMLS (last updated Sun 04/05/2026 1:22:18 AM EST) or COAR/MLSCO (last updated Sun 04/05/2026 1:21:18 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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 other brokerage firms 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. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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