#24056070, Wayne Sanman, Listing Office: RE/MAX Equity Group
$2,400,000 List price
16360 SE Stark St Portland, OR 97233
$10,000
Closing credit¹
13,514 sqft
0.7 acres
$178 / sqft
House
Property details
About 16360 SE Stark St
Great, 16 unit Gresham apartment complex with on site laundry and plenty of parking. Priced to sell at $150k per unit, you will find this property very competitive. Great occupancy history. Two units recently remodeled and several others greatly updated. Current Cap rate is low due to two units being empty for over a year caused by two separate water damage losses. With them finished and soon to be rented, the Cap rate should end up at 4.8 for 2025. NOT IN PORTLAND! This is a Gresham property with a Portland address. Don't be fooled! You are not bound by Portland rental requirements. Not all two bed nor one bed units rent for the same amount.
Highlights
Home typeOther
HeatingBaseboard
StatusActive
Size13,514 sqft
Lot size0.69 Acres
Year built1964
ParkingAssigned, Street Parking
MLS #388817085
Summary
- MLS Number: 388817085
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Gordon Properties
- Office Email: chrisgordonsells@gmail.com
- Listing Agent: Chris Gordon
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 another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 11:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,400,000
16360 SE Stark St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 15, 2003 | Home Sold | $727,800 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $972,110 | $16,841 |
| 2022 | $943,800 | $16,219 |
| 2021 | $916,320 | $16,219 |
| 2020 | $889,640 | $16,279 |
| 2018 | $838,580 | $14,025 |
| 2017 | $814,160 | $13,556 |
History based on county public records data.
Nearby schools
4
Parklane Elementary School
Public District KG-5
0.4 mi
•15811 SE Main St
1
Alder Elementary School
Public District PK-5
0.4 mi
•17200 SE Alder St
4
Patrick Lynch Elementary School
Public District KG-5
0.6 mi
•1546 SE 169th Pl
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $47,931. Residents of Portland, OR typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
33%
<35k
51%
35k-100k
16%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
35%
Single, No Kids
18%
Single, with Kids
23%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
10%
12-17 yrs old
26%
18-34 yrs old
37%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Ross Dress For Less
Where do the neighbors go to eat?
Popeyes
White Castle
Jack In The Box
What do the neighbors drive?
Nissan
Kia
Honda
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 16360 SE Stark St
This home is located at 16360 SE Stark St in Portland, OR and zip code 97233 in the East Portland neighborhood. This 13,514 square foot home, which was built in 1964, sits on a 0.69 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since March 2, 2025 and is currently priced at $2,400,000.
In February 2025, from all listings sold in Portland, OR there were more than 211 sold above asking price, over 232 sold below and more than 155 were sold right at the asked price. The number of listings in Portland, OR increased by 5.5% between January and February 2025. In February 2025, listings were on the market for 66 days. During the same period, the median list price in this real estate market was $546,710.
From Rocket Homes Real Estate and based on county public records data.