16816 SE Stark St - Apartments FOR SALE


Portland, OR 97233- Centennial | 
$750,000 USD
503-847-9200
16816 SE Stark St, Portland, OR for Sale
$750,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

16816 SE Stark St
Portland, OR 97233
Centennial


OVERVIEW

One Smart Investment. Endless Possibilities. Welcome to this rare Portland Commercial Zoned 4-plex offering immediate income-producing potential and exceptional flexibility for investors and owner-occupants alike. Live in one unit and let the other three help offset your mortgage, or add this versatile multi-unit property to your rental portfolio. This also has the ability to make it a five-plex - "buyer to do due diligence". The property features an attractive mix of two 2-bedroom units, one 4-bedroom unit, and one studio, each with one full bathroom and its own kitchen with appliances. The units offer a variety of layouts and finishes, with features including updated cabinetry, tiled baths, wood-look and tile flooring, and Hardie plank siding. The roof is only a year old! A classic covered front porch adds character, while off-street parking, a fenced outdoor area, mature landscaping, and a detached storage shed add everyday functionality. There are washer and dryer hookups located in the downstairs utility room accessed externally. Location is a major advantage for tenants as well: the property is on a bus line, with the MAX light rail approximately six blocks away, making commuting around the Portland metro convenient. Everyday shopping and groceries are close at hand, while nearby parks provide neighborhood recreation. For a bigger outdoor escape, Powell Butte Nature Park offers miles of trails and sweeping views, and Glendoveer Golf & Tennis is another popular East Portland destination. Whether you're looking to house-hack, expand your rental portfolio, or create a multigenerational living setup, this property delivers the unit mix, transit access, and income potential that are increasingly hard to find. Four units, multiple income streams, and one opportunity you won't want to miss. *There are two outbuildings that could possibly be rented out as well - "buyer to do due diligence"

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

4

PRICE/UNIT

$187,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16816 SE STARK ST Portland, OR 97233

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,253 SF

ZONING

CMU

APN/PARCEL ID

R338015

ASK ABOUT THIS PROPERTY

Nick ShiverseXp Realty LLC.More Info
503-847-9200

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Nick ShiverseXp Realty LLC.More Info
503-847-9200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.