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  • $1,200,000

    5934 NE 16th Ave, Portland, OR 97211

    5beds
    2,767sqft
    : 
    $8,676/mo
    Get pre-qualified
    Multi Family
    Built in 2017
    -- sqft lot
    $1,169,900 Zestimate®
    $434/sqft
    $-- HOA

    What's special

    Natural materialsPrivate fenced yardTransitional finishesClean simple linesPrivate outdoor settingsOversized dual showerHigh ceilings
    Two complete residences, two private outdoor settings, one Exceptional Scandinavian-modern farmhouse. Constructed by award-winning Olson Design-Build. The ingenious plan pairs a 3-bedroom, 2.5-bath main residence with a two-story, 924-square-foot ADU offering 2 bedrooms, 1.5 baths, comparable premium finishes, and its own elec-meter. exceptional flexibility without sacrificing privacy or architectural cohesion.Clean, simple lines, natural materials, and transitional finishes, including stacked subway tile in the kitchen and baths, create enduring appeal. The main home combines polished concrete floors, high ceilings and smooth-coat walls with black Pella casement windows and clear vertical-grain fir entry doors, cabinetry, and staircase. Centered on a generous island, the kitchen features Pental Quartz, soft-close cabinetry, and premium appliances by Miele, Bosch & KitchenAid. A freestanding gas fireplace anchors the living room and separates it from the dining area and kitchen; a powder bath completes the main level.Upstairs, cork floors lead to a vaulted primary suite with dual sinks, quartz, radiant-heated floors, and an oversized dual shower. The second bath also offers heated floors plus a soaking tub. A matching LG washer and dryer are conveniently located near the bedrooms. A covered patio with its own gas fireplace and adjoining built-in spa opens to the private, fenced yard. The rear ADU enjoys a secluded yard of its own, providing remarkable visual and acoustic separation.The ADU is currently leased through December at $2,300/month and was previously offered as an AirBnB nightly rental with excellent returns. Since opening the main home to nightly rentals, the ADU has been converted to monthly to comply with city permits. The main home enjoys a 4.98 rating on AirBnB. Situated steps from Podnah's BBQ, HatYai, Coffee & pubs, a few blocks to Alberta Park & Alberta Arts District. EZ commute to downtown or PDX Int'l. [Home Energy Score = 8. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10250665]
    25 days
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    828
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    44
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    Zillow last checked:

    Listing updated:

    Listed by:

    Mark Graalum 503-250-1982,

    Cascade Hasson Sotheby's International Realty,

    Jana Nazir 503-927-2137,

    Cascade Hasson Sotheby's International Realty

    Source: RMLS (OR),MLS#: 260809048MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      • Full bathrooms: 3
      • Partial bathrooms: 2
      Heating
      • ENERGY STAR Qualified Equipment, Mini Split, Radiant, Fireplace(s)
      Cooling
      • ENERGY STAR Qualified Equipment, Air Conditioning
      Appliances
      • Included: Dishwasher, Washer/Dryer, Refrigerator, Tank Water Heater, Tankless Water Heater, ENERGY STAR Qualified Appliances
      Features
      • Windows: Double Pane Windows
      • Basement: None
      Interior area
      • Total structure area: 2,767
      • Total interior livable area: 2,767 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Driveway, On Street
      • Has uncovered spaces: Yes
      Features
      • Stories: 2
      • Spa features: Community
      Lot
      • Size: 4,791 Square Feet
      • Dimensions: 50 x 100
      • Features: Level, SqFt 5000 to 6999
      Details
      • Parcel number: R229261
      • Zoning: R-5

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Cedar, Cement Siding, Insulation and Ceiling Insulation
      • Foundation: Concrete Perimeter, Slab
      Condition
      • Year built: 2017

      Utilities & green energy

      • Gas: Gas
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Central Air, Front Yard Landscaping, Spa Hot Tub
      • Security: Security Lights
      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $434/sqft
      • Tax assessed value: $1,035,480
      • Annual tax amount: $11,371
      • Date on market: 7/30/2026
      • Listing terms: Cash,Conventional,VA Loan
      • Total actual rent: 8197
      • Road surface type: Paved

        Estimated market value

        $1,169,900

        $1.11M - $1.23M

        $4,070/mo

        Price history

        DateEventPrice
        7/29/2026Listed for sale$1,200,000+34.4%$434/sqft
        Source: RMLS (OR) #429979668 Report a problem
        12/13/2018Sold$893,000-3.5%$323/sqft
        Source: RMLS (OR) #18424827 Report a problem
        12/20/2016Listing removed$925,000$334/sqft
        Source: Realty Trust Group, Inc. #16137715 Report a problem
        12/20/2016Listed for sale$925,000+2.8%$334/sqft
        Source: Realty Trust Group, Inc. #16137715 Report a problem
        12/14/2016Sold$900,000-2.7%$325/sqft
        Source: RMLS (OR) #16137715 Report a problem
        11/17/2016Pending sale$925,000$334/sqft
        Source: Realty Trust Group, Inc. #16137715 Report a problem
        11/4/2016Listed for sale$925,000+270%$334/sqft
        Source: Realty Trust Group, Inc. #16137715 Report a problem
        11/30/2015Sold$250,000+66.7%$90/sqft
        Source: RMLS (OR) #15482676 Report a problem
        8/6/2015Pending sale$150,000$54/sqft
        Source: John L Scott Real Estate #15482676 Report a problem
        7/25/2015Listed for sale$150,000-18.5%$54/sqft
        Source: John L Scott Real Estate #15482676 Report a problem
        5/14/2015Sold$183,943$66/sqft
        Source: Public Record Report a problem
        11/18/2014Sold$183,943+819.7%$66/sqft
        Source: Public Record Report a problem
        1/5/2006Sold$20,000$7/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$11,372 +3.7%$422,030 +3%
        2024$10,963 +4%$409,740 +3%
        2023$10,541 +2.2%$397,810 +3%
        2022$10,313 +1.7%$386,230 +3%
        2021$10,139 +9%$374,990 +3%
        2020$9,301 +3.8%$364,070 +3%
        2019$8,959 $353,470 +3%
        2018$8,959 +3%$343,180 +3%
        2017$8,696 +516.3%$333,190 +456.8%
        2016$1,411 $59,840 +3%
        2015$1,411 +2.7%$58,100 +3%
        2014$1,374 +3.9%$56,410 +3%
        2013$1,322 +10.5%$54,770 +3%
        2012$1,196 +3.9%$53,180 +3%
        2011$1,151 +5.4%$51,640 +3%
        2010$1,092 +2.7%$50,140 +3%
        2009$1,064 +6%$48,680 +3%
        2008$1,004 +0.3%$47,270 +3%
        2007$1,001 +11.3%$45,900 +3%
        2006$899 +4.7%$44,570 +3%
        2005$859 -8.2%$43,280 +3%
        2004$935 +2.3%$42,020 +3%
        2003$915 +8.9%$40,800 +3%
        2002$840 +7.4%$39,620 +6.1%
        2000$783 $37,350
        Find assessor info on the county website

        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.
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        Climate risks

        Neighborhood: Vernon

        Getting around

        83 / 100
        Very Walkable
        48 / 100
        Some Transit
        97 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Vernon
        • Middle: Vernon
        • High: Jefferson

        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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