16360 Se STARK St, Portland, OR 97233
- 13,514 sqft
Multi-Family Home 
Built in 1964 
0.69acre lot
—— car garage 
$163/sqft 
Listed 2 months ago
Property Description
Great, 16 unit Gresham apartment complex with on site laundry and plenty of parking. Priced to sell at $137.5k per unit, you will find this property very competitive. Great occupancy history. Two units recently remodeled and several others greatly updated. Current Cap rate is low due to two units being empty for over a year caused by two separate water damage losses. With them finished and soon to be rented, the Cap rate should end up at 4.8 for 2025. NOT IN PORTLAND! This is a Gresham property with a Portland address. Don't be fooled! You are not bound by Portland rental requirements. Not all two bed nor one bed units rent for the same amount.
- Listing Status:
- Active
- Date Added:
- March 1, 2025 at 06:00AM
- Listing Office:
- Gordon Properties : 503-253-5455
- Listing Agent:
- Chris Gordon : 503-341-0384
- MLS ID:
- 388817085
- Basement: None
- Heating: BaseboardWall heater
This listing courtesy of Chris Gordon, Gordon Properties
Location
Schools Nearby
Patrick Lynch Elementary School
1546 SE 169th Pl, Portland, OR, 97233
Grades KG-5
0.58 miles away
Oliver Middle School
15840 SE Taylor St, Portland, OR, 97233
Grades 6-8
0.35 miles away
Centennial High School
3505 SE 182nd Ave, Gresham, OR, 97030
Grades 9-12
1.74 miles away
