16360 SE STARK ST

Portland, 97233

  • 6 Bed

  • 4 Bath

  • 13514 SqFt

  • 94 DOM

  • Built: 1964

  • Status: Active

$2,200,000

Price cut: $200K (05-02-2025)

X

16360 SE STARK ST

Portland 97233

$2200000

Price cut: $200K (05-02-2025)

  • 6 Bed

  • 4 Bath

  • 13514 SqFt

  • 94 DOM

  • Built: 1964

  • Status: Active

Love this home?

Request Tour, Ask a Question or Start an Offer

Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

Great, 16 unit Gresham apartment complex with on site laundry and plenty of parking. Priced to sell at $137.5k per unit, you will find this property very competitive. Great occupancy history. Two units recently remodeled and several others greatly updated. Current Cap rate is low due to two units being empty for over a year caused by two separate water damage losses. With them finished and soon to be rented, the Cap rate should end up at 4.8 for 2025. NOT IN PORTLAND! This is a Gresham property with a Portland address. Don't be fooled! You are not bound by Portland rental requirements. Not all two bed nor one bed units rent for the same amount.

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Residence Information

  • 13514

  • 6

  • 4

  • Composition

  • Assigned,OffStreet

  • 2

  • 1964

  • No

  • LapSiding, WoodComposite

  • None

  • None

  • ConcretePerimeter

Features and Utilities

  • Electricity

  • Baseboard, WallHeater

  • PublicSewer

  • Electricity

  • Electricity

Financial

  • 18705.61

  • 0

  • MaintenanceGrounds,Sewer,TrashCollection,Water

  • CallListingAgent,Cash,Conventional

  • 03-01-2025

  • No

  • No

Comparable Information

  • 94

  • 99

  • CallListingAgent,Cash,Conventional

  • $2,400,000

  • $2,200,000

  • Jun 02, 2025 17:23

Schools

Elementary : Patrick Lynch N/A Ratings
Middle : Oliver N/A Ratings
High : Centennial N/A Ratings

Map

Listing courtesy of Gordon Properties.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Jun 08, 2025 01:47 | Listing last modified Jun 02, 2025 17:23. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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