Sold

$1,700,000

16360 SE Stark St, Portland, OR 97233

30beds

13,514sqft

Multi Family

Built in 1964

-- sqft lot

$-- Zestimate^®

$126/sqft

$1,639 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,639/mo

Zestimate^® history

Owner options

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$1,639/mo

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$1,639/mo

Rent Zestimate^®

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$8,547/mo

Est. payment

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$8,547/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 30
Bathrooms: 17
Full bathrooms: 16
Partial bathrooms: 1

Heating

Baseboard

Appliances

Included: Range, Refrigerator, Electric Water Heater
Laundry: Common Area, Washer Dryer Hookup

Features

Windows: Window Coverings
Basement: None

Interior area

Total structure area: 13,514
Total interior livable area: 13,514 sqft

Property

Parking

Total spaces: 16
Parking features: Assigned, Off Street

Features

Stories: 2

Lot

Size: 0.69 Acres
Features: Corner Lot, Level, On Busline, SqFt 20000 to Acres1

Details

Parcel number: R337992
Zoning: multifa

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Lap Siding, Wood Composite
Foundation: Concrete Perimeter
Roof: Composition

Condition

Existing
Year built: 1964

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Security

Security features: Security Lights

Community

Community features: All Landscaping, Laundry

Location

Region: Portland

HOA & financial

Other financial information

Total actual rent: 19070

Other

Other facts

Listing terms: Call Listing Agent,Cash,Conventional
Road surface type: Paved

Price history

Date	Event	Price
9/5/2025	Sold	$1,700,000-22.7%$126/sqft
Source: RMLS (OR) #388817085 Report a problem
6/18/2025	Pending sale	$2,200,000$163/sqft
Source: RMLS (OR) #388817085 Report a problem
5/2/2025	Price change	$2,200,000-8.3%$163/sqft
Source: RMLS (OR) #388817085 Report a problem
3/2/2025	Listed for sale	$2,400,000$178/sqft
Source: RMLS (OR) #388817085 Report a problem
1/16/2018	Listing removed	$925
Source: Gordon Properties Inc. Report a problem
1/12/2018	Listed for rent	$925+3.4%
Source: Gordon Properties Inc. Report a problem
12/11/2015	Listing removed	$895
Source: Gordon Properties Inc. Report a problem
11/12/2015	Price change	$895-5.8%
Source: Gordon Properties Inc. Report a problem
11/5/2015	Listed for rent	$950
Source: Gordon Properties Inc. Report a problem