Opportunity knocks in Alberta Arts. Are you listening? Now is your chance to own an outstanding investment property in Northeast Portland. This classic Portland apartment building has been carefully and professionally maintained and managed by the same owners for the last few decades. Featuring six studios and one 3 bedroom unit, this property is a perfect fit for a live-in investment property, or wise investment portfolio addition. All units are currently occupied, and the property has had recent updates including: new exterior paint (2025), updated PEX water lines, newer water heaters, flooring and counter updates, and newer gas furnaces for each unit.
Active
Price cut: $200K (6/18)
$1,300,000
5203 NE 16th Ave, Portland, OR 97211
9beds
4,864sqft
Multi Family
Built in 1926
-- sqft lot
$-- Zestimate®
$267/sqft
$-- HOA
What's special
Newer water heatersFlooring and counter updatesUpdated pex water linesNew exterior paint
- 165 days |
- 220 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Devin Arthurs 971-300-8337,
Living Room Realty
Source: RMLS (OR),MLS#: 219033570
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Forced Air
Appliances
- Included: Range, Refrigerator, Tank Water Heater
Features
- Basement: Full,Storage Space
Interior area
- Total structure area: 4,864
- Total interior livable area: 4,864 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 5,227 Square Feet
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: R295093
- Zoning: R2.5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cedar, Shingle Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1926
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Security System Owned
Location
- Region: Portland
Financial & listing details
- Price per square foot: $267/sqft
- Annual tax amount: $6,242
- Date on market: 3/11/2026
- Listing terms: Cash,Conventional
- Total actual rent: 7535
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Price change | $1,300,000-13.3%$267/sqft |
Source:  RMLS (OR) #219033570 Report a problem | ||
| 3/11/2026 | Listed for sale | $1,500,000$308/sqft |
Source: RMLS (OR) #219033570 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Vernon
Nearby schools
GreatSchools rating
- 9/10Vernon Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 5/10Jefferson High SchoolGrades: 9-12Distance: 1.1 mi
- 4/10Leodis V. McDaniel High SchoolGrades: 9-12Distance: 3.5 mi
Schools provided by the listing agent
- Elementary: Vernon
- Middle: Vernon
- High: Jefferson,Leodis Mcdaniel
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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