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503-206-1112
Keller Williams Premier Partners
2626 NE 16TH AVE, Portland, OR 97212
- $925,000
- 5,494
- SqFt
- List Price
- $925,000
- Days on Market
- 2
- MLS#
- 364546423
- Property Type
- Multifamily
- Sqft. of Residence
- 5,494
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland Northeast
- Status
- ACTIVE
Property 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 pictures and floorplan are pending. 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 offering package presents a conventional-rental pro forma, providing a basis for evaluating the property's income potential. Scheduled annual gross income is projected at $118,600, with operating expenses of $50,404.60 and net operating income of $62,465.40 after a $5,730 vacancy allowance. At the $925,000 asking price, projected NOI represents a 6.75% pro forma capitalization rate. Detailed unit, income and expense information is available upon request. The building is identified as contributing to the Irvington Historic District.
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Additional Information
- Tax Amount
- $11,989
- Year Built
- 1910
- High School
- Jefferson
- Elementary School
- Irvington
- Middle School
- Harriet Tubman
- Garage Spaces
- 1
- Acres
- 0.11
- Living Area
- 5,494
- Stories
- 3
- Subdivision
- Irvington Eight
- Lot Size Dimension
- Approx. 50 x 100
- Terms
- Call Listing Agent, Cash, Conventional, Rehab
- Cooling Description
- Exhaust Fan
- Fuel Description
- Oil
- Heating Description
- Forced Air
- Hoa Rent Includes
- Electricity, Gas, Heat, Sewer, Trash Collection, Water
- Hot Water Description
- Gas, Tank
- Exterior Description
- Lap Siding, Vinyl Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Driveway, Garage
- Security Or Entry
- Entry, Fire Sprinkler System, Limited Access, Sidewalk
- Parking Description
- Driveway, Garage
- Road Surface
- Paved
- Number Of Units Total
- 8
- Unit Type One Baths Total
- 1
- Unit Type One Sq Ft
- 375
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 1
- Unit Type Three Rent
- 1400
- Unit Type Three Sq Ft
- 570
- Unit Type Three Units Total
- 1
- Unit Type Four Beds Total
- 1
- Unit Type Four Sq Ft
- 200
- Unit Type Four Units Total
- 1
- Unit Type Five Sq Ft
- 570
- Unit Type Five Units Total
- 1
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Listing courtesy of Roffman Real Estate Investments, LLC.
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 © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.