$1,500,000

5203 Ne 16TH Ave, Portland, OR 97211

4,864 sqft

Multi-Family Home
Built in 1926
5,227sqft lot
—— car garage
$308/sqft
Listed 1 day ago

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.

Listing Status:: Active
Date Added:: March 11, 2026
Data Last Updated:: March 12, 2026 at 2:42PM
Listing Office:: Living Room Realty : 503-719-5588
Listing Agent:: Devin Arthurs : 971-300-8337
MLS ID:: 219033570

Basement: Full basement
Heating: Forced air

General: CedarShingle siding
Parking: On streetParking spaces: 0

Roofing: Composition
General: Concrete perimeter

Road/Access: Paved
Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: R2.5VERNONBLOCK 20ELY 2.95' OF LOT 8LOT 9R295093

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Devin Arthurs , Living Room Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Vernon Elementary School

2044 NE Killingsworth St, Portland, OR, 97211

Grades KG-8

0.28 miles away

Vernon Elementary School

2044 NE Killingsworth St, Portland, OR, 97211

Grades KG-8

0.28 miles away

Jefferson High School

5210 N Kerby Ave, Portland, OR, 97217

Grades 9-12

1.11 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.