Shawn Realty 503-515-4499
3 bd • 1 ba • 1,580 sq ft
16434 NE MULTNOMAH ST, Portland, OR 97230
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- Bedrooms
- 3
- Total Baths
- 1
- Building Area
- 1,580 sq ft
- Price/Sq Ft
- $206/sq ft
- Year Built
- 1952
- Garage
- 2 spaces · Attached, Extra Deep, Tandem
- County
- Multnomah
- Annual Tax
- $3,225 (2025)
- HOA
- None
- Days on Market
- 56 days
- Open House
- None scheduled
Monthly payment
$2,304 per month
- Principal & interest$1,968
- Property taxes$269
- HOA dues$0
- Home insurance$68
- 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% ($32,500) on $325,000; loan $292,500
- Term: 30-year fixed (360 monthly payments)
- Property taxes: $269/mo (RMLS annual tax ÷ 12)
- HOA dues: $0 (no HOA in RMLS)
- Home insurance: $68/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
Development opportunity with multiple possibilities on the Gresham boarder! This 15,555 sq ft (.36-acre) LDR-7 zoned parcel offers flexibility for builders, developers, investors, or buyers looking for a unique project. Explore development configurations including 2 single-family homes, duplexes, triplexes, quadplexes, townhomes, or a cottage cluster with up to 9 cottages, subject to City of Gresham approval and applicable development standards. The mostly level, rectangular lot offers approximately 85 feet of frontage on NE Multnomah St, creating a versatile footprint for redevelopment. The existing residence is connected to city sewer and water, with services connected at Multnomah Street. A conceptual 4-unit townhome layout is available to illustrate one potential configuration. Not ready to start from scratch? The existing residence and 2 car tandem garage also offer potential for an extensive fixer/renovation project, with the possibility of creating a home with up to 5 bedrooms and 2.5 bathrooms on a large private lot. Whether you envision renovating the existing property, building two single-family homes, or maximizing the site with middle housing, this property offers several paths to explore. Conveniently located near shopping, dining, parks, I-84, and major commuter routes. Developer packet available upon request. Buyer to complete all due diligence and verify zoning, utilities, development potential, unit count, renovation possibilities, and intended use with the appropriate governing agencies.
Facts & Features
| Property Type | Residential |
|---|---|
| Sub-Type | Single Family Residence |
| Bedrooms | 3 |
| Total Baths | 1 |
| Full Baths | 1 |
| Partial Baths | 0 |
| Building Area (sq ft) | 1580 |
| Lot Size (acres) | 0.36 |
| Lot Size (sq ft) | 15681 |
| Year Built | 1952 |
| Garage Spaces | 2 |
| County | Multnomah |
| Elementary School | Wilkes |
| Middle School | H.B. Lee |
| High School | Reynolds |
| Heating | Other |
| Cooling | Wall Unit |
| Interior Features | Wood Floors |
| Exterior Features | Fenced, Yard |
| Basement | Daylight, Partially Finished |
| Style | Daylight Ranch |
| Roof | Shingle |
| View | No |
| Lot Features | Level, Trees |
| Parking | Driveway, On Street |
| Sewer | Public Sewer |
| Water | Public Water |
| Annual Taxes | $3,225 |
| Tax Year | 2025 |
| Original List Price | $350,000 |
| RMLS # | 258105365 |
Map data © OpenStreetMap contributors (not RMLS data).
Listed by Amanda Bennett • Premiere Property Group, LLC
Listing updated: Oct 29, 2026 at 10:26pm
Source: RMLS #258105365
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 11/09/2026 17:45. 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