16 Southwest Porter Street

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Active
$3,500,000
10,734 sqft$326/sqft
16 SW Porter St, Portland, OR 97201
Est: $19,651/moGet pre-approved
Multi FamilyProperty Type
4,791 sq ftLot Size
1913Year Built
$326/sq ftPrice per sq ft

Description

Owner carried financing available with great terms and economics. Prime Investment Opportunity at 16 SW Porter Street will not last long on the market with a $237,317 Net Operating and a 6.78% Capitalization Rate is a Fantastic Property to add to your Portfolio. This 32 Unit Apartment Complex with 31 - studios and 1 - 1bedroom / 1 bathroom is a Solid Investment Opportunity in the Heart of the Caruthers Neighborhood. Attractive Owner Carried Financing with many options. We can provide additional information...Owner carried financing available with great terms and economics. Prime Investment Opportunity at 16 SW Porter Street will not last long on the market with a $237,317 Net Operating and a 6.78% Capitalization Rate is a Fantastic Property to add to your Portfolio. This 32 Unit Apartment Complex with 31 - studios and 1 - 1bedroom / 1 bathroom is a Solid Investment Opportunity in the Heart of the Caruthers Neighborhood. Attractive Owner Carried Financing with many options. We can provide additional information on the owner carried contract availability. Most of the tenants are under a Year Lease with 6 tenants on a month to month tenancy. New membrane roof as of august 21, 2026 and a new energy star water heater system installed august of 2026. Solid rental history with many Long term Tenants. All tenants are individually metered. The Apartment Complex does have a Coin Op Washer and Dryer that Brings in an additional $5732 plus a year to add to the investment bottom line. Please feel free to drive by the apartment complex but please do not disturb the tenants. All Purchase Agreements shall be written " Subject To Interior Inspection " . There are No Signs on the property or building.
Days on Market Listed Today
  • Listed by: Allen Riddle • MORE Realty 503-740-3786
  • Listed by: Scott Dunn • MORE Realty
Last updated: 09/11/2026 08:19 AM • Source: RMLS, MLS#: 186056133

Location

Listing Courtesy of MORE Realty
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$19,651 per month

30 year fixed, 6.71% Interest

Principal and Interest

$18,086

Property Taxes

$1,565

HOA Dues

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Property Information for 16 Southwest Porter Street

Property Details
  • Taxes: $18,781 / year
  • MLS Type: Multi Family
  • County: Multnomah County
  • Subdivision: Caruthers
  • Parking Features: None
  • Zoning: RM1
  • View: City
  • Garage Spaces: .00
  • Parking Total: .00
Building Information
  • Stories: 3
  • Residences: 32
  • Year Built: 1913
  • Lot Size: 0.11 AC / 4,791 SF
Summary
Location and General Information
  • Country: US
  • Directions: W Ross Island Bridge 10, R SW Nato Pkwy,R SW Curry St,R SW First St, R S Porter St
  • Road Surface: Concrete, Paved
School Information
  • Elementary School: Ainsworth
  • High School: Lincoln
  • Middle Or Junior School: West Sylvan
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $18,781.49
  • Parcel Number: R128854
  • Tax Legal Description: CARUTHERS ADD, BLOCK 56, W 46.01' OF LOT 1&2
Property
Lot Information
  • Acres: 0.11
  • Lot Description: Commons, Level, On Busline, Public Road
  • Lot Size Square Feet: 4791.0
  • Lot Size Range: Sq Ft3000to4999
  • Lot Size: 3,000 to 4,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1913
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity, Gas
  • Heating Description: Wall Heater
  • Hot Water Description: ENERGYSTARQualified Equipment, Gas
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding, Vinyl Siding, Wood Siding
  • Roof Type: Flat, Membrane
Interior Features
  • Basement: Full Basement, Storage Space
  • Foundation Details: Concrete Perimeter
  • Stories: 3
Amenities
Amenities Information
  • Internet Service Type: Cable, Other
Multi Family
Multi-Family Information
  • Number Of Units Total: 32
  • Gross Income Actual: $370,040.00
  • Gross Income Projected: $385,000.00
  • Gross Rent Multiplier: $9.46
  • Investor Information: Annual Property Operation Data, Leases, Profit Loss Statement, Rent Records
  • Net Income Actual: $237,317.00
  • Net Income Projected: 271057
  • Operating Expenses Projected: $113,943.00
  • Operating Expense: $132,722.00
  • Security Features: Entry, Fire Sprinkler System, Security Lights, Sidewalk
  • Storage: Basement
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 10734
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 0
  • Unit Type 1 Features: Range, Refrigerator
  • Unit Type 1 Rent: $949
  • Unit Type 1 SqFt: 205.0
  • Unit Type 1 Units Total: 31
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 2 Rent: $1,114
  • Unit Type 2 SqFt: 404.0
  • Unit Type 2 Units Total: 1

Public Records for 16 Southwest Porter Street

Taxable ValueLand-Additions-Total-
Tax Record2025$18,781 ($1,565 / month)
Home Facts
Total Finished SqFt7,144 SqFtAbove Grade Finished SqFt7,144 SqFtStories2Lot Size4,601 SqFtStyleMulti-Family Dwelling (2-4)Year Built1913Year Renovated1913ZoningRM1CountyMULTNOMAHAPNR128854

Schools near 16 Southwest Porter Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Ainsworth Elementary School
Public - K to 5
West Sylvan Middle School
Public - 6 to 8
Lincoln High School
Public - 9 to 12
Emerson School
Charter - K to 5
Rating
School
Distance
Ainsworth Elementary School
PublicK to 5

West Sylvan Middle School
Public6 to 8

Lincoln High School
Public9 to 12

Emerson School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 16 Southwest Porter Street, Portland, OR 97201

16 Southwest Porter Street is a multi-family home for sale in Portland, OR 97201. This listing's school district is Portland School District 1j. Nearby schools include Ainsworth Elementary School, West Sylvan Middle School and Lincoln High School. 16 Southwest Porter Street is a 0-bed, 0-bath, 10,734 sqft multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MORE Realty

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 web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 09/11/2026 08:19 AM