About This Home

This 1-bedroom, 2-bathroom residential multi family at 16 SW PORTER St SW in Portland, OR is listed for $3,500,000 ($326 per sqft). Built in 1913, the home offers 10,734 sqft of living space on a 0.11 acres lot.

Key Features

  • Built in 1913
  • 0.11 acre lot
  • 3 stories

Property Details

3 stories
2 full
1913

Amenities

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Listing Description

OWNER CARRIED FINANCING AVAILABLE WITH GREAT TERMS AND ECONOMICS. Prime Investment Opportunity at 16 SW Porter Street will not last long on the market with a $237,317 Net Operating and a 6.78% Capitalization Rate is a Fantastic Property to add to your Portfolio.

This 32 Unit Apartment Complex with 31 - studios and 1 - 1bedroom / 1 bathroom is a Solid Investment Opportunity in the Heart of the Caruthers Neighborhood. Attractive Owner Carried Financing with many options. We can provide additional information on the owner carried contract availability.

Most of the tenants are under a Year Lease with 6 tenants on a month to month tenancy. NEW MEMBRANE ROOF AS OF AUGUST 21, 2026 AND A NEW ENERGY STAR WATER HEATER SYSTEM INSTALLED AUGUST OF 2026. Solid rental history with many Long term Tenants. All tenants are individually metered.

The Apartment Complex does have a Coin Op Washer and Dryer that Brings in an additional $5732 plus a year to add to the investment bottom line. Please feel free to drive by the apartment complex but please do not disturb the tenants. All Purchase Agreements shall be written " Subject To Interior Inspection " . There are No Signs on the property or building.

Monthly Cost Estimate

$18,719/mo

20% down · 6.5% · 30 years

Principal$2,531
Interest$15,167
Insurance$1,021

Estimates only. Actual payments may vary.

Location

16 SW PORTER St SW

Portland, OR 97201

Caruthers

Property Details

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Questions & Answers

This 1-bedroom, 2-bathroom residential multi family at 16 SW PORTER St SW is listed at $3,500,000 ($326/sqft). The estimated monthly payment is $18,719 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1913, 0.11 acre lot, 3 stories.

This property is listed by Allen Riddle.

AR

Allen Riddle

Agent at MORE Realty

Listed by MORE Realty · Broker phone: (503) 353-6673 · View on Broker Site · Broker website

MLS# 186056133· Source: Regional Multiple Listing Services· 52 days on PropertySimple

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

16 SW PORTER St SW, Portland, OR 97201

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