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James Hauge

jamesh@legacyre.com +1(503) 877-2101

Listed by Gordon Properties • chrisgordonsells@gmail.com

$ 2,200,000

Est. payment -/mo

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Active

16360 SE STARK ST Portland, OR 97233

13,514 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 13,514 sqft

Price per Sqft $162

MLS Listing ID 388817085

Year Built 1964

Annual Tax Amount $18,705

Tax Year 2024

Lot Size 0.690 Acres

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.

Location

State OR

County Multnomah

Community Alllandscaping, Laundry

Area _144

Zoning multifa

Rooms

Basement None

Interior

Heating Baseboard, Wall Heater

Exterior

Community Features AllLandscaping, Laundry

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level, On Busline

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Patrick Lynch

Middle Schools Oliver

High Schools Centennial

Others

Acceptable Financing CallListingAgent, Cash, Conventional

Listing Terms CallListingAgent, Cash, Conventional

Regional Multiple Listing Service (RMLS)

James Hauge

Principal Broker | License ID: 200107093

+1(503) 877-2101

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