# 16820 SE ALDER St, Portland, OR 97233

> **TL;DR:** 5bd/4ba residential multi family, $475,950, built 1960. Est. $2,546/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $475,950 |
| Bedrooms | 5 |
| Bathrooms | 4 full |
| Year Built | 1960 |
| Lot Size | 7,405 sqft (0.17 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,407 |
| Estimated Insurance | $139 |
| **Total** | **$2,546** |

## Nearby Schools

- **Elementary:** Alder
- **Middle:** H.B. Lee
- **High:** Reynolds

## Property Highlights

- Built in 1960
- 0.17 acre lot

## Description

### Agent Description
Big corner lot. Big flexibility. A setup that works. This spacious ranch brings a rare layout with a 3 bedroom, 2 bathroom main level, private primary suite, open living and dining spaces, wood burning fireplace and easy flow to a backyard that actually shows up. Think summer dinners, raised beds, firepit nights, garden goals and plenty of room to make it your own. Downstairs, the fully permitted 2 bedroom, 2 bathroom ADU is the standout with high ceilings, its own kitchen with island, fireplace, separate living space, laundry and a tenant already in place on a month to month tenancy. This makes it a strong option for buyers looking for rental income from day one. Keep the rental stream and let the lower level help offset the cost of ownership. Large attached garage with room for gear, tools, storage and weekend toys. Main level living, ADU income potential, oversized yard, garage storage and a flexible floor plan all in one seriously smart package.

## Location

- **Address:** 16820 SE ALDER St, Portland, OR 97233
- **County:** Multnomah
- **Neighborhood:** GLENFAIR
- **Coordinates:** 45.51751, -122.489699
- **Google Maps:** https://www.google.com/maps?q=45.51751,-122.489699

## Listing Agent

- **Name:** Kimberly Spurlock
- **Brokerage:** eXp Realty, LLC
- **Phone:** 5039010132

## Primary Photo

![16820 SE ALDER St - Primary Photo](http://lh.rdcpix.com/e622b69c50d338cde3c4dbdad804ed94l-f1812786125r.jpg)

*42 total photos available on [listing page](https://www.propertysimple.ai/listing/16820-se-alder-st-portland-or-97233-96109990)*

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**MLS#:** 296109990 | **Updated:** 2026-08-02
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/16820-se-alder-st-portland-or-97233-96109990)

---

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