Search
32-Unit Studio Apartment Building
For Sale
Contact for pricing
Pending

16 SW Porter St, Portland, OR 97201

Historic multifamily property with renovated units and updated major building systems near downtown Portland.

Property SizeContact for details
Days on Market150

Property Features for 16 SW Porter St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Kidder Mathews Portland
Listed By: Jordan Carter · License #OR 200606025
Source: Crexi
Added: Apr 12 Changed: Sep 4 Last Checked: Sep 8 at 8:32AM

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 Kidder Mathews Portland

Investment Insights

Based on property information with market context.

Lair Parke is a 32-unit apartment property composed entirely of studio residences at 16 SW Porter St in Portland’s Lair Hill neighborhood. Constructed in 1913, the building retains vintage character while benefiting from extensive improvements completed over the past 10 years. Work includes a replacement roof, new plumbing systems, electrical upgrades, and renovations within the units.

The property sits at the edge of downtown Portland, with access to employment, education, retail, and regional transportation. Downtown Portland is approximately a 10-minute walk away, while Portland State University, the South Waterfront, and Willamette River waterfront areas are also within walking or nearby transit reach. Forest-lined trails are five minutes from the property, and transit, walking, and cycling scores are all notably strong.

Key Highlights

  • 32 studio apartment units
  • Built in 1913 with vintage Portland character
  • New roof and plumbing systems completed within the last 10 years

Property Analytics

Current Use

Lair Parke Apartment Building

Suggested Use

Top Pick Furniture & Home Goods Electrical Service Auto Parts Store HVAC Service Locksmith Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,774
Businesses Nearby

Demographics for 97201, OR

17,352
Population
10,748
Households
1.6
Avg Household Size
34
Median Age
67%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
9,133
Density / Sq Mi
$67,074
Median Household Income
$48,101
Median Earnings
$1,565
Median Rent
$648,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Historic multifamily property with renovated units and updated major building systems near downtown Portland.
Where is this apartment building located?
The property is located at 16 SW Porter St Portland, OR.
What are key features of this property?
This property features: 32 studio apartment units; Built in 1913 with vintage Portland character; New roof and plumbing systems completed within the last 10 years
(503) 221-9900 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message