This 2-unit duplex is a hidden gem with solid cash flow! Each unit features:2 Bedrooms, 1.5 Bathrooms. Two Levels for extra space. Stable, Long-Term Tenants on a month to month. Good-sized, fenced backyards – perfect for pets or entertaining. This property offers immediate rental income and room for value-add improvements to increase equity. Whether you're a seasoned investor or looking to start your real estate portfolio, this duplex is a fantastic opportunity! Don't Miss Out! Contact us today for more details. Interior inspection available with an accepted offer. Please do not disturb tenants. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10236091]
Kaylee Eisenhauer • Berkshire Hathaway HomeServices NW Real Estate
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Provided by Redfin
Sale history for 16253 NE Fargo St
Date
Event
Price
RMLS #569109373
May 30, 2025
Sold
$445,000
Apr 21, 2025
Pending
—
Feb 26, 2025
Relisted
—
Feb 14, 2025
Pending
—
Feb 7, 2025
Listed
$465,000
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R180657
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Feb 28, 2025.
RM1
C
H
X
Residential Multi-Dwelling 1 Zone
The RM1 zone is a low-scale multi-dwelling zone that is generally applied in locations intended to provide a transition in scale to single-dwelling residential areas, such as the edges of mixed-use centers and civic corridors, and along or near neighborhood corridors. Allowed housing is characterized by one to three story buildings that relate to the patterns of residential neighborhoods, but at a somewhat larger scale and building coverage than allowed in the single-dwelling zones. The major types of new development will be duplexes, triplexes, rowhouses, courtyard housing, small apartment buildings, and other relatively small-scale multi-dwelling and small-lot housing types that are compatible with the characteristics of Portland's residential neighborhoods.
Zone overlays
Environmental Conservation Overlay Zone
Aircraft Landing Zone
Portland International Airport Noise Impact Overlay Zone
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Property details
Parking
Parking Information
Parking Features: Attached, Driveway
Interior
Appliances
Hot Water Description: Electricity
Multi Unit Information
# Of Units Total: 2
Unit Information
Unit Type: 1, 2
Unit Type 1 Information
Actual Rent: $1,450
Area: 952
Baths Total: 2
Beds Total: 2
Features: Dishwasher, Disposal, Range
Units Total: 1
Unit Type 2 Information
Actual Rent: $1,500
Area: 952
BathsTotal: 2
Beds Total: 2
Features: Dishwasher, Disposal, Range
Units Total: 1
Exterior
Exterior Features
Roof: Composition
Exterior Description: Wood Siding
Lot Information
Lot Size Square Feet: 7,840
Lot Size Range: 7,000 to 9,999 SqFt
Lot Size Acres: 0.18
Lot Size: 7,000 to 9,999 SqFt
Lot Features: Corner Lot
Parcel Number: R180657
Road Surface Type: Paved
Property Information
Property Type: Multi Family
Property Attached YN: No
View YN: No
Building Information
Year Built: 1979
Financial
Tax Information
Tax Year: 2024
Tax Legal Description: HIGHWOOD, BLOCK 1, LOT 5 INC UND 1/5 INT TRACT A
Tax Annual Amount: $5,626.78
Rent Information
Rent Includes: Trash Collection, Water
Lease / Rent Information
CAP Rate: 2.15
Gross Rent Multiplier: 13.14
Utilities
Utility Information
Green Certification YN: Yes
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: Yes
Heating: Baseboard, Wall Heater
Cooling YN: No
Location
School Information
Elementary School: Margaret Scott
Middle Or Junior School: H.B. Lee
High School: Reynolds
Location Information
Directions: 162nd to Fremont to 156th to Fargo
Unparsed Address: 16253 NE FARGO ST, Portland, OR 97230
Community Information
Zoning: R3
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Multnomah County
APN: R180657
Home facts updated by county records on Feb 28, 2025
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
Around this home
Schools
Wilkes Elementary School
Public K-5 • Assigned • 0.5mi
6/10
Hauton B Lee Middle School
Public 6-8 • Assigned • 1.1mi
2/10
Reynolds High School
Public 9-12 • Assigned • 4.6mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
23 unhealthy days expected this year, 27 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97230
Average low and high temperatures (°F)
47
37
50
38
58
44
65
46
71
51
77
55
83
59
83
61
76
56
63
48
53
44
51
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.8 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$527,000 – $638,000
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