16360 SE STARK ST

Portland, 97233

  • 6 Bed

  • 4 Bath

  • 13514 SqFt

  • 107 DOM

  • Built: 1964

  • Status: Pending

$2,200,000

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

X

16360 SE STARK ST

Portland 97233

Pending

$2200000

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

  • 6 Bed

  • 4 Bath

  • 13514 SqFt

  • 107 DOM

  • Built: 1964

  • Status: Pending

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Krishna Regupathy

Principal Broker

(503) 893-8874

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

  • 06-16-2025

  • 107

  • 107

  • CallListingAgent,Cash,Conventional

  • $2,400,000

  • $2,200,000

  • Jun 18, 2025 15:38

Schools

public Elementary : Patrick Lynch 5/10 Ratings
public Middle : Oliver 5/10 Ratings
public High : Centennial 1/10 Ratings

Map

History

Date Event & Source Price
06-16-2025

Pending (Price Changed)

Price cut: $200K

MLS # 388817085

$2,200,000
05-02-2025

Active (Price Changed)

Price cut: $200K

MLS # 388817085

$2,200,000
03-01-2025

Active(Listed)

MLS # 388817085

$2,400,000

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. Krishna Realty data last checked: Jul 24, 2025 15:27 | Listing last modified Jun 18, 2025 15:38. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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