Shawn Realty 503-515-449910,734 sq ft
16 SW PORTER ST SW, Portland, OR 97201
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- Building Area
- 10,734 sq ft
- Price/Sq Ft
- $326/sq ft
- Year Built
- 1913
- County
- Multnomah
- Annual Tax
- $18,781 (2025)
- HOA
- None
- Days on Market
- 64 days
- Open House
- None scheduled
Monthly payment
$23,485 per month
- Principal & interest$21,190
- Property taxes$1,565
- HOA dues$0
- Home insurance$729
- Utilities$0
10% down · 30-year fixed · 7.11% rate · 7.211% APR (est.)
Rate: Freddie Mac weekly average, as of 11/12/2026. Estimate by Shawn Realty, not RMLS data.
Estimate by Shawn Realty, not RMLS data.
- Interest rate: 7.11% (7.211% APR, estimated). Rate: Freddie Mac weekly average, as of 11/12/2026.
- Down payment: 10% ($350,000) on $3,500,000; loan $3,150,000
- Term: 30-year fixed (360 monthly payments)
- Property taxes: $1,565/mo (RMLS annual tax ÷ 12)
- HOA dues: $0 (no HOA in RMLS)
- Home insurance: $729/mo (Shawn Realty assumption, 0.25% of price per year; not a quote)
- Est. APR assumes 1% of the loan amount in points and lender fees.
This is an estimate. Verify exact numbers with your lender.
Estimate only, not a loan offer or commitment. Principal, interest, est. property tax and HOA. Excludes homeowners insurance, mortgage insurance (PMI, typically required with under 20% down) and other costs. Actual rate, APR and payment depend on credit, lender and loan program. Talk to a licensed loan officer.
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.
Facts & Features
| Property Type | Multi Family |
|---|---|
| Building Area (sq ft) | 10734 |
| Lot Size (acres) | 0.11 |
| Lot Size (sq ft) | 4791 |
| Year Built | 1913 |
| Garage Spaces | 0 |
| County | Multnomah |
| Subdivision | Caruthers |
| Elementary School | Ainsworth |
| Middle School | West Sylvan |
| High School | Lincoln |
| Heating | Wall Heater |
| Cooling | None |
| Basement | Full Basement, Storage Space |
| Roof | Flat, Membrane |
| View | Yes |
| Lot Features | Commons, Level, On Busline, Public Road |
| Parking | None |
| Sewer | Public Sewer |
| Water | Public Water |
| Community Features | Laundry |
| Annual Taxes | $18,781 |
| Tax Year | 2025 |
| Original List Price | $3,500,000 |
| RMLS # | 186056133 |
Map data © OpenStreetMap contributors (not RMLS data).
Listed by Allen Riddle • MORE Realty
Contact: 503-740-3786
Listing updated: Nov 14, 2026 at 12:12am
Source: RMLS #186056133 
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Shawn Realty are marked with the RMLS logo, and detailed information about these properties includes the name of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on 11/14/2026 06:15. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by RMLS.
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Shawn Yu, Shawn Realty · 503-515-4499
Shawn Yu (Shawn Realty) is not the listing agent for this home.
Shawn Realty