16-Unit Apartment
14937 SE Stark St Portland, OR 97233
For Sale
Contact for pricing
16-unit apartment community across four buildings with off-street parking and in-unit laundry for 12 units.
Property Size14,530 SF
Lot Size0.75 Acres
Price / SF$151.41
Days on Market75
Property Features for 14937 SE Stark St
General Information
- Standard status
- Active
- Size
- 14,530 SF
- Lot size
- 0.75 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1966
Listing Agency:
SMI Real Estate
Listed By:
Matt Miller · License #201254590
Source:
Crexi
Added: May 11
Changed: Jul 22
Last Checked: Jul 24 at 8:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SMI Real Estate
Investment Insights
Based on property information with market context.
This 16-unit apartment community is arranged across four buildings on a nearly three-quarter-acre site. The unit mix is highlighted by 2-bedroom, 1.5-bath townhouse-style layouts, along with one fourplex built in 1966 and the majority of units built between 2001 and 2005. The property includes in-unit laundry for 12 units and offers off-street parking to support everyday tenant needs.
The community is set back from Stark Street, contributing to a quieter residential feel. It is currently described as fully leased.
With multiple buildings of mixed vintage and a townhouse-style layout majority, the property presents a straightforward residential income asset with an established off-street parking setup and in-unit laundry in a significant portion of the units.
The community is set back from Stark Street, contributing to a quieter residential feel. It is currently described as fully leased.
With multiple buildings of mixed vintage and a townhouse-style layout majority, the property presents a straightforward residential income asset with an established off-street parking setup and in-unit laundry in a significant portion of the units.
Key Highlights
- 16‑unit apartment community across 4 buildings in Portland’s Mid‑County submarket
- Nearly 0.75 acres of land with a quiet, set‑back setting from Stark St
- Construction includes 1 fourplex built in 1966, plus 12 units built between 2001 and 2005
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $357.4k | $24.60 |
| − Vacancy | −$18.2k | −$1.25 |
| EGI | $339.2k | $23.35 |
| − OpEx | −$152.6k | −$10.51 |
| NOI | $186.6k | $12.84 |
14,530 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.67M
$2.33M – $3.11M
NOI $186,565 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,627 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 16-unit apartment community across four buildings with off-street parking and in-unit laundry for 12 units.
Where is this apartment building located?
The property is located at 14937 SE Stark St Portland, OR.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 16‑unit apartment community across 4 buildings in Portland’s Mid‑County submarket; Nearly 0.75 acres of land with a quiet, set‑back setting from Stark St; Construction includes 1 fourplex built in 1966, plus 12 units built between 2001 and 2005
