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$825,000   Price Analysis
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5806 NE 16th Ave
Portland, OR 97211
6 bed 3 bath 3,762 SqFt ($219/SqFt)
4,791SqFt lot. Built 1912
Listed 2024-02-29
Ⓧ USDA Ineligible
due to price & location

near Portland

Beautiful 1912 3-Unit craftsman 2 blocks west of Alberta Park and within half-mile from hot new development on lower Killingsworth and Alberta Street.

* Sale Pending *

The main level unit retains the original charm including wainscoting, high ceilings, box beams, fireplace and built ins. At the same time it has modern features like an updated kitchen (2016), built in dishwasher, stackable W/D and air conditioning. The upper 3-bedroom unit includes a private deck with views to the east, air conditioning and washer/dryer.

The lower level unit is the most modern of all with features like polished concrete floors, Comfort Cove radiant heat, passive radon system, upgraded insulation for sound and comfort, open kitchen with quartz counters and new cabinetry. All units include newer tankless hot water heaters. Amazing Locatin with a walk score of 89 and a bike score of 98. Great LT or ST rental options!


Presented by Brian Porter at
JMA Properties LLC.
Listing Agent Photo

Property MLS #24011138 from RMLS

Bedrooms: 6

Cooling Features: CentralAir, MiniSplit
Heating Features: ForcedAir, MiniSplit, Radiant
Heating: Yes
Water Heaters: Gas

Full Bathrooms: 3

Storage: IndividualStorageUnits, Locked

Basement Description: Finished, FullBasement, SeparateLivingQuartersApartmentAuxLivingUnit

Lot Description: CornerLot, Level
Lot Size Acres: 0.1099862
Lot Size Dimensions: 50x100
Lot Size Square Feet: 4791

Road Surface Type: Paved

Parking Features: Assigned

Elementary School: Vernon
High School: Jefferson
Middle School: Vernon

Vernon Elementary School is a public elementary and middle school located approximately 0.3 miles away.
directions icon Map directions

Jefferson High School is a public high school located approximately 1.2 miles away.
directions icon Map directions

St Andrew Nativity School is a private middle school located approximately 0.6 miles away.
directions icon Map directions

Gross Income: 74739
Rent Includes: Sewer, TrashCollection, Water

Number of Units: 3
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1

LotSizeRange: SqFt5000to6999
Annual Tax Amount: 5446.54
Source Listing Status: Pending
County: Multnomah
Cap Rate: 7.02
Directions: At the corner of NE 16th and NE Jarrett
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: VERNON / ALBERTA ARTS
Parcel Number: R229245
Subdivision: VERNON / ALBERTA ARTS
Zoning: R2.5
Source System Name: C2C

Price Changed 2024-03-23
$825,000
RMLS
Listed 2024-02-29
$875,000
RMLS
Listing removed 2024-01-31
$1,025,000
RMLS
Listing removed 2023-12-13
$1,025,000
RMLS
Price Changed 2023-10-16
$1,025,000
RMLS
Listed 2023-09-27
$1,089,000
RMLS

Net Operating Income: 57898
Operating Expense: 16841

Year Built: 1912
Building Area Total: 3762
Building Exterior Type: LapSiding, WoodSiding
Foundation Details: ConcretePerimeter
Property Age: 112
Property Condition: UpdatedRemodeled
Roof: Composition
Levels or Stories: 3

Sewer: PublicSewer
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.