16360 SE Stark St

Portland, OR 97233

$2,200,000
Price
Beds
Baths
13,514 Sq. Ft.
$163 / Sq. Ft.
13,514
Sq. Ft.
$163
per Sq. Ft.

Description

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...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.
  1. Listed by Chris Gordon • Gordon Properties • chrisgordonsells@gmail.com

Property Details for 16360 Southeast Stark Street

Parking Features
Assigned, Off Street
Zoning
multifa
Garage Spaces
.00
Parking Total
16.00
LISTING UPDATED: 06/18/2025 03:38 PM

Property Details for 16360 Southeast Stark Street

StatusPending
MLS #388817085
Days on Market107
Taxes$18,706 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1964
Lot Size0.69 AC / 30,056 SF
CountyMultnomah County

Location

Listing Courtesy of Gordon Properties
Add your commute

Building Information for 16360 Southeast Stark Street

Stories2Residences16Year Built1964Building Size-Lot Size0.69 AC / 30,056 SF

Payment Calculator

$13,086 per month

30 year fixed, 6.845% Interest

Principal and Interest

$11,527

Property Taxes

$1,559

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 16360 Southeast Stark Street

Summary
Location and General Information
  • Country: US
  • Directions: East on SE Stark Street to SE 164th.
  • Road Surface: Paved
School Information
  • Elementary School: Patrick Lynch
  • High School: Centennial
  • Middle Or Junior School: Oliver
Taxes and HOA
  • Management Name: Gordon Properties Inc.
  • Management Phone: 503-341-0384
  • Tax Year: 2024
  • Tax Annual Amount: $18,705.61
  • Parcel Number: R337992
  • Tax Legal Description: SECTION 06 1S 3E, TL 12100 0.69 ACRES
Property
Lot Information
  • Acres: 0.69
  • Lot Description: Corner Lot, Level, On Busline
  • Lot Size Square Feet: 30056.0
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1964
Utilities
  • Fuel Description: Electricity
  • Heating Description: Baseboard, Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding, Wood Composite
  • Roof Type: Composition
Interior Features
  • Basement: None
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
  • Gross Income Actual: $162,148.00
  • Gross Income Projected: $188,310.00
  • Gross Rent Multiplier: $13.57
  • Investor Information: Leases, Maintenance Records Available, Profit Loss Statement, Rent Records
  • Net Income Actual: $91,152.00
  • Net Income Projected: 115310
  • Operating Expenses Projected: $73,000.00
  • Operating Expense: $70,996.00
  • Security Features: Security Lights
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
  • Common Amenities: All Landscaping, Laundry
  • SqFt Approximate Building Total: 13514
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 1.10
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Range, Refrigerator, Washer Dryer Hookup, Window Coverings
  • Unit Type 1 Rent: $1,445
  • Unit Type 1 SqFt: 1064.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Range, Refrigerator, Unfurnished, Window Coverings
  • Unit Type 2 Rent: $1,195
  • Unit Type 2 SqFt: 800.0
  • Unit Type 2 Units Total: 12
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Range, Refrigerator, Unfurnished, Window Coverings
  • Unit Type 3 Rent: $1,095
  • Unit Type 3 SqFt: 700.0
  • Unit Type 3 Units Total: 3

Property History for 16360 Southeast Stark Street

DateEvent & SourcePriceAppreciation
Aug 15, 2003

Sold (Public Record)

Public Record #117633107

$727,800
DateEvent & SourcePrice
08/15/2003

Sold (Public Record)

Public Record #117633107

$727,800

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 16360 Southeast Stark Street

Taxable ValueLand-Additions-Total-
Tax Record2024$18,706 ($1,559 / month)
Home Facts
Baths16.5Total Finished SqFt13,514 SqFtAbove Grade Finished SqFt13,514 SqFtStories2Lot Size30,056 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningMCCountyMULTNOMAHAPN1S3E06BB 12100

Schools near 16360 Southeast Stark Street

This home is within Centennial School District 28j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Lynch View Elementary School
PublicK to 5

Oliver Middle
Public6 to 8

Centennial High School
Public9 to 12

Centennial Learning Center
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Gordon Properties

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