Active

Price cut: $200K (6/18)

$1,300,000

5203 NE 16th Ave, Portland, OR 97211

9beds

4,864sqft

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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

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.

118 days

238

4

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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

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

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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