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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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16 SW Porter St SW , Portland, OR 97201
$3,500,000
Est. Payment: $19,100.94/mo
1 Bed
32 Bath
10734 Sqft
0.11 Acres
Status: active | Days on site: 41
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MRER01 - RIDDLEAL,DUNNSCOT
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Sarita Dua, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Sarita Dua
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House 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.
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Highlights

Listed by Allen Riddle , 503-740-3786 and Scott Dunn , 503-353-6673 MORE Realty , 503-353-6673. Portland Regional Multiple Listing Service mls logo

Property Type

Multi-Family
Lot/Acreage
0.11

Year Built

1913

County

Multnomah

Area

148 - Portland NW/ SW/ S, Raleigh Hills

 Neighborhood

Caruthers

Listing ID

186056133

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:1
  • ▪ Bathrooms:32
  • ▪ Full Bathrooms:32
Basement:Full Basement,Storage Space
Water:Public Water

Exterior Features

Lot:Commons,Level,On Busline,Public Road
Garage Capacity:0
Zoning:RM1
Roof:Flat,Membrane
Others:
  • ▪ Additional:Updated/Remodeled
Sewer:Public Sewer
Principal Interest
$19,101
Taxes
$1,565

Home Price

$3,500,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$700,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$19,100.94

Principal

Taxes

Principal Taxes HOA Total
Monthly $19,100.94 $1,565.12 $0.00 $20,666.06
Yearly $229,211.23 $18,781.49 $0.00 $247,992.72
Total $6,876,336.90 $563,444.70 $0.00 $7,439,781.60

Today's Rates

30 Year

7.25%

20 Year

7.18%

15 Year

6.69%

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Market insight data is pulled from the same city as the listing being viewed (Portland, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor technology provider shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Data last updated: 2026-10-23T05:04:12.000Z

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