118 NE 16TH AVEPortland, OR97232

$2,449,000
33 total units
SqFt10000to14999
Elementary School: Buckman
Middle School: Hosford
High School: Cleveland
Zoning: RH
1292 days on market

VestorFilter™

Price per unit$74.2K/unit
Recent price drop$100,000
Time on market1292 days

Property Description

Prime NE location in the Kerns neighborhood. 12,790 sq ft lot fully entitled with approved plans for 33 unit apartment building with zero Inclusionary zoning. Permits ready to be picked up now! Superior location with restaurants, parks, shops.

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Financial Data

Price ChangeDropped $100,000 on 03/29/2024
Total $300,000 drop
Original Price$2,749,000
Current Price$2,449,000
Property Taxes$5,322

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Home Facts

StatusActive
Year Built2021
Stories4
MLS ID20265006

Unit Details

Unit 1
Unit 2
Unit 3
Unit 4