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    1927 NE 16Th Ave Portland, OR 97212

    For Sale
    $1,275,000

    MULTI_FAMILY - Portland, OR

    Lot size:
    0.12 Acres
    Days on Market:
    137
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 1927 NE 16Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM2
    Rooms
    Bedroom 5, Bedroom 3, Bathroom 4, Bathroom 5, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
    Bedrooms
    6
    APN
    R182604
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1894
    Floors in Building
    3
    Number of units
    3
    Roof type
    Composition

    Better Homes and Gardens Real Estate Realty Partners (503) 698-6600 [email protected]

    Listing agent Gina Bany (503) 303-4141

    Listing date Jul 22, 2025

    MLS# 24027427 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Victorian Home with Rental Potential

    This Painted Lady Victorian home, rich in history and beautifully maintained, is located in Portland, Oregon. Currently used as a nightly rental, it has also been a month-to-month rental. The property features three living spaces: the main house, an ADU in the basement with a full kitchen and outside entrance, and a studio/cottage in the back. Parking is available on the driveway and on the street. Situated in a quiet location near shops, restaurants, and the Irvington area, this property offers various options, including use as a family home, multi-generational living space, or continued investment as a short-term or long-term rental. The property has RM2 zoning. Recent updates include a newer roof (2022), plumbing and electrical box (2004), exterior paint (2018), and new appliances/flooring in the main kitchen (2023). The addition of the ADU in the basement and the studio out back enhance the property's versatility. A peaceful courtyard and deck are located off the house. The 0.12-acre lot showcases historic touches combined with modern conveniences. The Home Energy Score is 1.
    Property Profile Location Intelligence

    Current Use by Public Records

    A Painted Lady Inn Bed & Breakfast

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.649759
    Latitude
    45.53688

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    FAQs

    What type of property is this?
    Short term rental property - Historic Portland home with multiple living spaces and rental options.
    Where is this short term rental property located?
    The property is located at 1927 NE 16Th Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $1,275,000.
    What are key features of this property?
    This property features: - Multiple Income Potential with main house, basement ADU and studio/cottage.; - Versatile Living Options: Ideal for family, multi-generational living, or investment.; - Prime Location: Close to shops, restaurants, and Irvington.
    (503) 303-4141
    Request Owner's contact information
    1927 NE 16Th Ave Portland, OR 97212
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    Portland, OR 97212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1927 NE 16Th Ave Portland, OR 97212
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