$1,500,000

1024 SE 16th Ave Portland, OR 97214

Buckman Neighborhood

Estimated payment $9,142/month

Total Views 705
4 Beds
6 Baths
6,312 Sq Ft
$238 Price per Sq Ft

Highlights

  • Double Pane Windows
  • Forced Air Heating System
  • Controlled Entrance
  • Cleveland High School Rated A-
  • Laundry Facilities
  • 2-minute walk to Colonel Summers Park

About This Home

OPEN Wednesday July 23rd from 4-6pm and Sunday July 27th from 1-3pm. You will be able to see all 6 units at the open houses. These will be the only two open houses! Owner financing with 25% down and 5.95% interest. Phenomenal restored building on surprisingly quiet street in the Buckman Hawthorne neighborhood. Walk Score 95 bike score 96. Current owners of 26 years are ready to retire. They have maintained and restored these lovely units. Most have refinished hardwood floors, updated kitchens and bathrooms. Vintage charm intact. Property has always attracted GREAT tenants who are respectful of each other and take care of the property. In 26 years, only $100 in tenant caused damage, apart from normal wear and tear. Owner occupant opportunity. Owner has left one unit vacant for possible owner-occupant. Move in ready with newly refinished hardwood floors and newly remodeled bathroom. It also has an updated kitchen with maple cabinets, a gas stove and built-in microwave. It has a spacious bedroom with walk-in closet, plus an atrium. Other main floor unit has a gas fireplace, an atrium and is HUGE - large enough for a new owner to install a full sized washer dryer in the bathroom which has a soaking tub and a separate shower. One studio is a tiny house with hardwood floors and a custom tiled shower and is connected to main building on one corner. Building has a common sunroom and rooftop deck with views. Locked bike shed and individual storage units. Stable tenant profile - one has lived here for 14 years, another for 10. Tenants who just vacated were here 7 years. Secure entry with locking mailboxes in foyer.

Listing Agent

Holly Hummel

MORE Realty Brokerage Phone: 503-516-8962 License #200003191 Listed on: 07/18/2025

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,104

Year Built

  • Built in 1906

Lot Details

  • 6,969 Sq Ft Lot
  • Level Lot

Home Design

  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,312 Sq Ft Home
  • 4-Story Property
  • Double Pane Windows
  • Unfinished Basement
  • Basement Storage
  • Fire Escape

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Parking

  • On-Street Parking
  • Controlled Entrance

Schools

  • Buckman Elementary School
  • Hosford Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number R144438

Community Details

Overview

  • 6 Units
  • Buckman Hawthorne Subdivision
  • Property managed by Holly Hummel

Amenities

  • Common Area
  • Laundry Facilities

Building Details

  • Operating Expense $35,444
  • Gross Income $118,820
  • Net Operating Income $83,376

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,104

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 4
  • Year Built: 1906
  • Property Condition: Restored
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: StorageSpace, Unfinished
  • Storage: Basement,IndividualStorageUnits
  • Total Bedrooms: 4
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Aluminum
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Shingle

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Energy Efficiency Features: DoublePaneWindows
  • Fuel Description: Electricity,Gas
  • Hot Water: Gas
  • Security: Entry, FireEscape
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Holly Hummel
  • Management Phone: 503-516-8962
  • Community Features: Commons, Laundry

Schools

  • Elementary School: Buckman
  • High School: Cleveland
  • Middle Or Junior School: Hosford

Lot Info

  • Zoning: R5
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6969.0
  • Parcel #: R144438

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 10103.92

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 12.62
  • Annual Gross Income: 118820.0
  • Property Net Operating Income: 83376.0
  • Annual Operating Expense: 35444.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $1,500,000 -- $238 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 133530707

Regional Multiple Listing Service (RMLS)

APN: 1S1E02AC 00700

Oregon Multnomah County Portland 97214 Buckman

1024 SE 16th Ave, Portland, OR

This home is located at 1024 SE 16th Ave, Portland, OR 97214 and is currently priced at $1,500,000, approximately $237 per square foot. This property was built in 1906. 1024 SE 16th Ave is a home located in Multnomah County with nearby schools including Buckman Elementary School, Hosford Middle School, and Cleveland High School.

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Holly Hummel
Listing Agent
Holly Hummel
Section Image
MORE Realty
(503) 512-6148