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$1,700,000

  • Sold
  • Sold
  • Multi-Family
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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.

Full Property Details for 16360 SE Stark St

General

  • Sold For: $1,700,000
  • Taxes: $18,705 (2024)
  • Status: Sold
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 388817085
  • Added to Site: 323 day(s) ago

Rental Information

  • Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water

Additional Information

  • Security/Safety: Security Lights

Parking

  • Total Spaces: 16
  • Parking Features: Assigned, Off Street

Location

  • County: Multnomah
  • Driving Directions: East on SE Stark Street to SE 164th.

School Information

  • Midd School District: Oliver
  • Elementary School: Patrick Lynch
  • Middle School: Oliver
  • High School: Centennial

Community

  • Community Name: 144 - Gresham, Sandy, Troutdale, Corbett

Heating & Cooling

  • Heating Type: Baseboard, Wall Heater
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: None
  • Roof: Composition
  • Stories/Levels: 2
  • Square Feet: 13,514
  • Year Built: 1964
  • Property Condition: Existing

Lot Features

  • Lot Size (Acres): 0.69
  • Lot Size (Sq. Ft.): 30,056
  • Lot Size: 20, 000 SqFt to .99 Acres
  • Frontage: Paved
  • Lot Features: Corner Lot, Level, On Busline

Financial Considerations

  • Operating Expenses: $70,996
  • Tax Amount: $18,705.61
  • Tax Year: 2024
  • Terms: Call Listing Agent, Cash, Conventional

Disclosures and Reports

  • Property ID: R337992

Listed by Gordon Properties (503) 253-5455, Chris Gordon (503) 341-0384
Sold by Non Rmls Broker (503) 236-7657, OR and WA Non Rmls

Listing agent

— 16360 SE Stark St —

  • Chris Gordon

    Gordon Properties

    503-253-5455

chrisgordonsells@gmail.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 16360 SE Stark St

School District:Centennial School District 28j
NameGradesDistance
Centennial Middle School, Portland, OR
17650 Southeast Brooklyn Street, Portland, OR 97236
6-81.4 mi
Centennial High School
3505 SE 182nd Ave, Gresham, OR 97030
9-121.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 16360 SE Stark St

Date
Details
Price
Change
Source
9/05/2025
Sold
$1,700,000
-22.73%
MLS
5/02/2025
Price Reduced
$2,200,000
-8.33%
MLS
3/01/2025
Listed
$2,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Gordon Properties (503) 253-5455, Chris Gordon (503) 341-0384
Sold by Non Rmls Broker (503) 236-7657, OR and WA Non Rmls

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16360 SE Stark St, Portland, OR 97233 (MLS# 388817085) is a Multi-Family property that was sold at $1,700,000 on September 05, 2025. Want to learn more about 16360 SE Stark St? 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.