Shawn Realty 503-515-4499
5,494 sq ft
2626 NE 16TH AVE, Portland, OR 97212
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- Building Area
- 5,494 sq ft
- Price/Sq Ft
- $168/sq ft
- Year Built
- 1910
- Garage
- 1 space
- County
- Multnomah
- Annual Tax
- $11,990 (2025)
- HOA
- None
- Days on Market
- 38 days
- Open House
- None scheduled
Monthly payment
$6,792 per month
- Principal & interest$5,600
- Property taxes$999
- HOA dues$0
- Home insurance$193
- 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% ($92,500) on $925,000; loan $832,500
- Term: 30-year fixed (360 monthly payments)
- Property taxes: $999/mo (RMLS annual tax ÷ 12)
- HOA dues: $0 (no HOA in RMLS)
- Home insurance: $193/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
Irvington Eight offers eight rental units in a 1910 building in Portland's Irvington Historic District. Very walkable and exceptionally bike-friendly, with a Walk Score of 71 and Bike Score of 99. Updated photographs, floor plans, an interactive walkthrough and a photo slideshow are available. The three-story property combines six studio layouts and two one-bedroom layouts, with a mix of private and shared bathrooms. Unit interiors range from approximately 200 to 570 square feet. The building totals approximately 5,494 square feet, including 1,410 square feet of unfinished basement; approximately 4,084 square feet are above grade. Set on an approximately 5,000-square-foot lot with established landscaping, the property includes a detached one-car garage, driveway parking, shared laundry, basement storage units and common areas. Limited-access entry and a fire sprinkler system are additional features. Public water and sewer serve the property. The property has been operated with furnished B&B/Airbnb stays and longer-term rentals. The stabilized apartment pro forma projects $9,600 in monthly base rent plus $460 in monthly utility contributions. Annual gross potential income is $124,720, including $4,000 in projected parking, pet and net paid-laundry income. After a $6,036 vacancy/collection allowance and $50,869.72 in operating expenses, projected annual NOI is $67,814.28, a 7.33% pro forma cap rate at the $925,000 asking price. This assumes all eight units are available for rental, including currently manager-occupied Units 5 and 5A. Laundry is currently free. Detailed unit, income and expense information is available upon request. The building is identified as contributing to the Irvington Historic District.
Facts & Features
| Property Type | Multi Family |
|---|---|
| Building Area (sq ft) | 5494 |
| Lot Size (acres) | 0.11 |
| Lot Size (sq ft) | 4791 |
| Year Built | 1910 |
| Garage Spaces | 1 |
| County | Multnomah |
| Subdivision | Irvington Eight |
| Elementary School | Irvington |
| Middle School | Harriet Tubman |
| High School | Jefferson |
| Heating | Forced Air |
| Cooling | Exhaust Fan |
| Basement | Full Basement, Unfinished |
| Roof | Composition |
| View | No |
| Lot Features | Level, Public Road, Trees |
| Parking | Driveway, Garage |
| Sewer | Public Sewer |
| Water | Public Water |
| Community Features | All Landscaping, Commons, Laundry |
| Annual Taxes | $11,990 |
| Tax Year | 2025 |
| Original List Price | $925,000 |
| RMLS # | 364546423 |
Map data © OpenStreetMap contributors (not RMLS data).
Listed by Cole Roffman • Roffman Real Estate Investments
Listing updated: Nov 4, 2026 at 10:18am
Source: RMLS #364546423
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