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$1,700,000
16360 SE STARK STPortland, OR 97233
Multi Family|Sold 09/05/2025
6
Beds
4
Total Baths
13,514
SqFt
$126
/SqFt
1964
Built
County:
Multnomah
Listing courtesy of Chris Gordon of Gordon Properties 5033410384
Listing courtesy of Chris Gordon of Gordon Properties 5033410384
Call Now: 503-334-1515
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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.
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Listing Snapshot
Bedrooms
6
Total Baths
4
Full Baths
N/A
Partial Baths
N/A
Inside Area (SqFt)
13,514 sqft
Lot Size
0.69 Acres
Year Built
1964
MLS® Number
388817085
Status
Sold
Property Tax
$18,705.61
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 3 months ago | Listing updated with changes from the MLS® |
General Features
Acres
0.69
Foundation
Concrete Perimeter
Number Of Stories
2
Parking
AssignedOff Street
Parking Spaces
16
Property Sub Type
Multi Family
Security
Security Lights
Sewer
Public Sewer
SqFt Total
13514
Water Source
Public
Zoning
multifa
Interior Features
Basement
None
Heating
Baseboard
Laundry Features
Common Area
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Exterior Features
Lot Features
Corner LotLevel
Roof
Composition
Community Features
Financing Terms Available
CashConventional
MLS Area
_144
Roads
Paved
Schools
School District
Unknown
Elementary School
Patrick Lynch
Middle School
Oliver
High School
Centennial
Listing courtesy of Chris Gordon of Gordon Properties 5033410384
The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
Last checked 2025-12-13 10:32 PM PST.
All information provided is deemed reliable but is not guaranteed and should be independently verified
The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
Last checked 2025-12-13 10:32 PM PST.
All information provided is deemed reliable but is not guaranteed and should be independently verified
Neighborhood & Commute
Source: Walkscore
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