2626 NE 16th Ave, Portland, OR 97212
Local realty services provided by:CENTURY 21 Northstar
Listed by: cole roffman
Office: roffman real estate investments, llc.971-506-0502
MLS#:364546423
Source:PORTLAND
Price summary
- Price:$925,000
- Price per sq. ft.:$168.37
About this home
Irvington Eight offers eight rental units in a 1910 building in Portland's Irvington Historic District. Very walkable and exceptionally bike-friendly, with a Walk Score of 71 and Bike Score of 99. Updated photographs, floor plans, an interactive walkthrough and a photo slideshow are available. The three-story property combines six studio layouts and two one-bedroom layouts, with a mix of private and shared bathrooms. Unit interiors range from approximately 200 to 570 square feet. The building totals approximately 5,494 square feet, including 1,410 square feet of unfinished basement; approximately 4,084 square feet are above grade. Set on an approximately 5,000-square-foot lot with established landscaping, the property includes a detached one-car garage, driveway parking, shared laundry, basement storage units and common areas. Limited-access entry and a fire sprinkler system are additional features. Public water and sewer serve the property. The property has been operated with furnished B&B/Airbnb stays and longer-term rentals. The stabilized apartment pro forma projects $9,600 in monthly base rent plus $460 in monthly utility contributions. Annual gross potential income is $124,720, including $4,000 in projected parking, pet and net paid-laundry income. After a $6,036 vacancy/collection allowance and $50,869.72 in operating expenses, projected annual NOI is $67,814.28, a 7.33% pro forma cap rate at the $925,000 asking price. This assumes all eight units are available for rental, including currently manager-occupied Units 5 and 5A. Laundry is currently free. Detailed unit, income and expense information is available upon request. The building is identified as contributing to the Irvington Historic District....
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Home facts
- Year built:1910
- Subdivision & Development:Irvington Eight
- Listing ID #:364546423
- Added:15 day(s) ago
- Updated:October 22, 2026 at 12:02 PM
Rooms and interior
- Basement Description:Full Basement, Unfinished
- Living area:5,494 sq. ft.
Heating and cooling
- Cooling:Exhaust Fan
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1910
- Building area:5,494 sq. ft.
- Lot area:0.11 Acres
- Lot Features:Level, Public Road, Trees
- Foundation Description:Concrete Perimeter
- Levels:3 Stories
Schools
- High school:Jefferson
- Middle school:Harriet Tubman
- Elementary school:Irvington
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$925,000
- Price per sq. ft.:$168.37
- Tax amount:$11,990 (2025)
Parking
- Parking description:Driveway, Garage
- Garage spaces:1
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