$1,249,900
$200K PRICE DROP

821 NW 16th Ave Portland, OR 97209

Northwest District Neighborhood

Estimated payment $7,344/month

Total Views 3,844
5 Beds
4 Baths
5,088 Sq Ft
$246 Price per Sq Ft

Highlights

  • 6 Car Attached Garage
  • 3-minute walk to Nw 18Th & Lovejoy
  • Lap Siding
  • West Sylvan Middle School Rated A-
  • Ductless Heating Or Cooling System
  • Mini Split Heat Pump

About This Home

Amazing opportunity on this mixed-use classic in niche NW Portland Neighborhood zoned CM3! The property would be great used as a Live/Work space, duplex for residential or investment for both residential AND commercial. The main level is used as office space with great flow and both community space and private office. The upstairs apartment is light-filled and open with 4 bedrooms, 2 bathrooms and an open floor plan. To top it all off, there is hard-to-find INTERIOR parking for up to 6 cars for the resident...or rent it out as a separate space! Tons of potential and close to everything! Great access to shopping, NW 23rd, restaurants, freeway access, parks, downtown and endless entertainment. Don't miss your chance to invest in NW!

Listing Agent

Matt Williams

Bison Properties License #200109059 Listed on: 03/25/2025

Bison Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,224

Year Built

  • Built in 1904 | Remodeled

Lot Details

  • 3,484 Sq Ft Lot

Parking

  • 6 Car Attached Garage

Home Design

  • Composition Roof
  • Lap Siding
  • Cedar

Interior Spaces

  • 5,088 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Home Security

  • Fire Sprinkler System
  • Fire Escape

Schools

  • Chapman Elementary School
  • West Sylvan Middle School
  • Lincoln High School

Utilities

  • Ductless Heating Or Cooling System
  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R140805

Community Details

Overview

  • 2 Units
  • Nw Portland Subdivision

Building Details

  • Operating Expense $14,806
  • Gross Income $98,585
  • Net Operating Income $83,778

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,224

Year Built

Built in 1904 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1904
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, FullBasement, Unfinished
  • Storage: Attached,Basement
  • Total Bedrooms: 5
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: Cedar,LapSiding,Other
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No
  • Garage Spaces: 6.0
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: FireEscape, FireSprinklerSystem
  • Cooling: MiniSplit
  • Cooling Y N: Yes
  • Heating: Ductless, MiniSplit, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Chapman
  • High School: Lincoln
  • Middle Or Junior School: West Sylvan

Lot Info

  • Zoning: CM3
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3484.0
  • Parcel #: R140805

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 8224.13

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.68
  • Annual Gross Income: 98585.0
  • Property Net Operating Income: 83778.0
  • Annual Operating Expense: 14806.0

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,224 $307,670 -- --
2023 $7,908 $298,710 $0 $0
2022 $7,737 $290,010 $0 $0
2021 $7,606 $281,570 $0 $0
2020 $6,977 $273,370 $0 $0
2019 $6,720 $265,410 $0 $0
2018 $6,523 $257,680 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 Price Changed $1,249,900 -7.3% $246 / Sq Ft
07/15/2025 07/15/25 Price Changed $1,349,000 -7.0% $265 / Sq Ft
03/25/2025 03/25/25 For Sale $1,450,000 +97.4% $285 / Sq Ft
05/01/2015 05/01/15 Sold $734,500 -34.8% $99 / Sq Ft
04/24/2015 04/24/15 Pending -- -- --
09/23/2013 09/23/13 For Sale $1,127,000 -- $152 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $734,500 Wfg Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $791,000 Commercial
Previous Owner $600,000 Commercial
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 612475903

Regional Multiple Listing Service (RMLS)

APN: R140805

Oregon Multnomah County Portland 97209 Northwest District

821 NW 16th Ave, Portland, OR

This home is located at 821 NW 16th Ave, Portland, OR 97209 and is currently priced at $1,249,900, approximately $245 per square foot. This property was built in 1904. 821 NW 16th Ave is a home located in Multnomah County with nearby schools including Chapman Elementary School, West Sylvan Middle School, and Lincoln High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Matt Williams
Listing Agent
Matt Williams
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Bison Properties
(971) 458-4967