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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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2626 NE 16th Ave , Portland, OR 97212
$925,000
Est. Payment: $4,969.54/mo
2 Bed
4 Bath
5494 Sqft
0.11 Acres
Status: active | Days on site: 13
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House 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.

Highlights

Listed by Cole Roffman , 971-506-0502 Roffman Real Estate Investments, LLC , 971-506-0502. Portland Regional Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1910

County

Multnomah

Area

142 - Portland Northeast

Neighborhood

Irvington Eight

Listing ID

364546423

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Air Cond:Exhaust Fan
Fireplaces:
Basement:Full Basement,Unfinished
Water:Public Water

Exterior Features

Lot:Level,Public Road,Trees
Lot Dimensions:Approx. 50 x 100
Zoning:R5
Roof:Composition
Others:
  • ▪ Additional:Existing
Sewer:Public Sewer
Parking Features:Driveway,Garage
Principal Interest
$4,970
Taxes
$999

Home Price

$925,000

Loan Details

30 yrs
7.093%

Down Payment

20%
$185,000
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:
$4,969.54

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,969.54 $999.14 $0.00 $5,968.68
Yearly $59,634.53 $11,989.67 $0.00 $71,624.20
Total $1,789,035.90 $359,690.10 $0.00 $2,148,726.00

Today's Rates

30 Year

7.09%

20 Year

6.88%

15 Year

6.42%

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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.

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Data last updated: 2026-10-23T08:56:30.000Z

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