Date
Details
Price
Change
Source
9/11/2026
Listed
$3,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/16
$3,500,000 Just Listed
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Property 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 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.
Full Property Details
Full Property Details for 16 SW Porter St SW
General
- Price: $3,500,000
- Taxes: $18,781 (2025)
- Status: Active
- Type: Multi-Family
- Source: RWMLS
- MLS ID: 186056133
- Updated: 9/11/2026
- Added to Site: 2 day(s) ago
Rental Information
- Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Additional Information
- Security/Safety: Entry, Fire Sprinkler System, Security Lights, Sidewalk
Parking
- Parking Features: None
Location
- County: Multnomah
- Subdivision: Caruthers
- Driving Directions: W Ross Island Bridge 10, R SW Nato Pkwy, R SW Curry St, R SW First St, R S Porter St
School Information
- Elementary School: Ainsworth
- Middle School: West Sylvan
- High School: Lincoln
Community
- Community Name: 148 - Portland NW/ SW/ S, Raleigh Hills
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Heater
- Heating Fuel: Electricity, Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- Property Detached: Yes
- Basement Desc.: Full Basement, Storage Space
- Roof: Flat, Membrane
- Stories/Levels: 3
- Square Feet: 10,734
- Year Built: 1913
- Property Condition: Updated/Remodeled
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,791
- Lot Size: 3, 000 to 4, 999 SqFt
- Frontage: Concrete, Paved
- Lot Features: Commons, Level, On Busline, Public Road
Financial Considerations
- Operating Expenses: $132,722
- Tax Amount: $18,781.49
- Tax Year: 2025
- Terms: Cash, Contract, Conventional
Disclosures and Reports
- Legal Description: CARUTHERS ADD, BLOCK 56, W 46.01' OF LOT 1&2
- Disclosures/Reports: Disclosure
- Property ID: R128854
Listed by MORE Realty (503) 353-6673, Allen Riddle (503) 740-3786 and MORE Realty (503) 353-6673, Scott Dunn (503) 628-9020
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 16 SW Porter St SW —
Allen Riddle
MORE Realty
503-353-6673
Scott Dunn
MORE Realty
503-353-6673
503-740-3786
NMLS#: 1598647
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 16 SW Porter St SW
School District:Portland School District 1j
| Name | Grades | Distance |
|---|---|---|
Ainsworth Elementary School 2425 Southwest Vista Avenue, Portland, OR 97201 | K-5 | 1.2 mi |
West Sylvan Middle School 8111 Southwest West Slope Drive, Portland, OR 97225 | 6-8 | 4 mi |
Lincoln High School, Portland, OR 1750 Southwest Salmon Street, Portland, OR 97205 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 16 SW Porter St SW
Tax History
Tax History for 16 SW Porter St SW
Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,781
4%
$697,680
3%
2024
$18,106
4%
$677,360
3%
2023
$17,410
4%
$657,640
6%
2021
$16,745
-2%
$619,900
-3%
2022
$17,033
2%
$638,490
6%
2021
$16,745
13%
$601,850
3%
2019
$14,796
3%
$584,330
3%
2018
$14,361
4%
$567,320
3%
2017
$13,763
9%
$550,800
3%
2016
$12,595
3%
$534,760
3%
2015
$12,264
2%
$519,190
3%
2014
$12,079
2%
$504,070
3%
2013
$11,798
—
$489,390
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 16 SW Porter St SW
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- Single Family
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- Updated 1 day ago
- 2Beds
- 1Total Bath
- 960Sq. Ft.
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- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 1Total Bath
- 3,368Sq. Ft.
Listed by JMG - Jason Mitchell Group, Zack Matteson
- Manufactured Home
- Active
- Updated 6 days ago
- 3Beds
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- Single Family
- Active
- Updated 6 days ago
- 5Beds
- 4Total Baths
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Listed by Harnish Company Realtors, Justin Harnish
- Townhouse
- Active
- Updated 7 hours ago
- 2Beds
- 1Total Bath
- 1,235Sq. Ft.
Listed by Keller Williams Realty Portland Premiere, Caroline Ewing and Keller Williams Realty Portland Premiere, Jeffrey Ewing
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- Single Family
- Sold
- 4Beds
- 4Total Baths
- 6,044Sq. Ft.
Listed by Harnish Company Realtors, Annika Laing
Sold by Where, Inc, Marcia Walsh
Sold by Where, Inc, Marcia Walsh
- Single Family
- Sold
- 4Beds
- 4Total Baths
- 5,616Sq. Ft.
Listed by Windermere Realty Trust, Libby Benz and Windermere Realty Trust, Drew McCulloch
Sold by Where, Inc, Marcia Walsh
Sold by Where, Inc, Marcia Walsh
- Single Family
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- 5Beds
- 5Total Baths
- 7,274Sq. Ft.
Listed by Cascade Hasson Sotheby's International Realty, Kevin Hall and Cascade Hasson Sotheby's International Realty, Kathy Hall
Sold by Cascade Hasson Sotheby's International Realty, Ronda Joseph
Sold by Cascade Hasson Sotheby's International Realty, Ronda Joseph
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- Sold
- 5Beds
- 4Total Baths
- 7,119Sq. Ft.
Listed by Cascade Hasson Sotheby's International Realty, Kristen Kohnstamm
Sold by Cascade Hasson Sotheby's International Realty, Kevin Hall
Sold by Cascade Hasson Sotheby's International Realty, Kevin Hall
16 SW Porter St SW, Portland, OR 97201 (MLS# 186056133) is a Multi-Family property with 32 units containing 0 bedrooms and 0 full bathrooms. 16 SW Porter St SW is currently listed for $3,500,000 and was received on September 11, 2026. Want to learn more about 16 SW Porter St SW? Do you have questions about finding other Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.