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Alberta Arts Investment Opportunity

5203 NE 16TH Ave, Portland, OR 97211

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For Sale

$1,500,000

MULTI_FAMILY - Portland, OR

Property size:

4,864 SF

Lot size:

0.12 Acres

Price / SF:

$308/SF

HighLights

Prime location in the desirable Alberta Arts district of Northeast Portland.
Well‑maintained and professionally managed classic Portland apartment building.
Consists of six studio units and one 3‑bedroom unit, offering diverse rental options.
Excellent investment opportunity for live‑in owners or portfolio expansion.
All units are currently occupied, ensuring immediate rental income.
Recent updates include new exterior paint (2025), PEX water lines, water heaters, flooring, counter tops, and gas furnaces.

We can help!

Listing Contact

Devin Arthurs

For Sale

$1,500,000

MULTI_FAMILY - Portland, OR

Property size:

4,864 SF

Lot size:

0.12 Acres

Price / SF:

$308/SF

Added:: Mar 11, 2026
Days on Market:: 99
Last Refresh:: Jun 17 at 4:06 am

Property Features for 5203 NE 16TH Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R2.5
Bedrooms: 4
Bathrooms: 2
Rooms: Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4
Standard status: Active
APN: R295093
Size: 4,864 SF
Lot size: 0.12 Acres

Taxes and HOA fees

Tax Description: VERNON, BLOCK 20, ELY 2.95' OF LOT 8, LOT 9
Tax Annual Amount: 6243

Utilities

Heating system: Forced Air

Building Details

Year built: 1926
Floors in Building: 2
Number of units: 7
Roof type: Composition

We can help!

Listing Contact

Devin Arthurs

Listing agent Devin Arthurs License #201208016

Listing office Living Room Realty 421 SE 10th Ave, Portland, OR

Listing date Mar 11, 2026

MLS# 219033570 Listing URL

Copyright © 2026 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.

HighLights

Prime location in the desirable Alberta Arts district of Northeast Portland.
Well‑maintained and professionally managed classic Portland apartment building.
Consists of six studio units and one 3‑bedroom unit, offering diverse rental options.
Excellent investment opportunity for live‑in owners or portfolio expansion.
All units are currently occupied, ensuring immediate rental income.
Recent updates include new exterior paint (2025), PEX water lines, water heaters, flooring, counter tops, and gas furnaces.

Overview

This classic Portland apartment building presents an investment opportunity in Northeast Portland's Alberta Arts district. The property features six studios and one 3-bedroom unit. Recent updates include new exterior paint planned for 2025, updated PEX water lines, newer water heaters, flooring and counter updates, and newer gas furnaces for each unit. The property is suitable for a live-in investment or portfolio addition. The building has been professionally maintained and managed by the same owners for several decades. The lot size is 0.12 acres. The property size is 4864 square feet. The zoning is R2.5. All units are currently occupied.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.649002
Latitude: 45.56044

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For sale
Apartment buildings
OR
Portland
97211
5203 NE 16TH Ave

What type of property is this?

Apartment building - Classic Portland apartment building in Alberta Arts District.

Where is this apartment building located?

The property is located at 5203 NE 16TH Ave Portland, OR.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Prime location in the desirable Alberta Arts district of Northeast Portland.; Well‑maintained and professionally managed classic Portland apartment building.; Consists of six studio units and one 3‑bedroom unit, offering diverse rental options.

5203 NE 16TH Ave, Portland, OR 97211

MULTI_FAMILY - Portland, OR

Property Features for 5203 NE 16TH Ave

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Six-Unit Apartment Community

Single-Level Fourplex with Garages

Detached Cottage Multifamily Portfolio

Modern 4-Unit Residential Property

New Construction Cottage Portfolio

New Multifamily Investment by Park

Versatile Commercial Property with Warehouse

1907 Duplex with Separate Entrances

Mixed-Use Development Fixer

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Four-Unit Residential Income Property

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