Great, 16 unit Gresham apartment complex with on site laundry and plenty of parking. Priced to sell at $137.5k 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.
Selina Klein • Berkshire Hathaway HomeServices NW Real Estate
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Provided by Redfin
Sale history for 16360 SE Stark St
Date
Event
Price
RMLS #388817085
Sep 5, 2025
Sold
$1,700,000
$126/sq ft
Jun 18, 2025
Pending
—
May 2, 2025
Price Changed
$2,200,000
$163/sq ft
Mar 1, 2025
Listed
$2,400,000
$178/sq ft
APPFOLIO #1
Aug 29, 2024
Rental Removed
$995
$0/sq ft
Aug 8, 2024
Listed for Rent
$995
$0/sq ft
Public Records
Aug 15, 2003
Sold
$727,800
$54/sq ft
Public Records
Sep 25, 1998
Sold
$295,000
$22/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$19,530 (+4.4%)
2024
$18,706 (+11.1%)
2023
$16,842 (+3.8%)
2022
$16,219 (−0.4%)
2021
$16,280 (+8.6%)
2020
$14,989 (+2.5%)
2019
$14,623 (+4.3%)
2018
$14,026 (+3.5%)
2017
$13,557 (+3.0%)
2016
$13,159 (+2.7%)
2015
$12,807 (+2.5%)
2014
$12,498 (+10.2%)
2013
$11,345 (+16.3%)
2012
$9,758 (−18.5%)
2011
$11,980 (+8.8%)
2010
$11,009 (−7.7%)
2009
$11,931
Tax history for 16360 SE Stark St
Year
Property tax
Land + Additions
Assessment*
2025
$19,530 (+4.4%)
2024
$18,706 (+11.1%)
2023
$16,842 (+3.8%)
2022
$16,219 (−0.4%)
2021
$16,280 (+8.6%)
2020
$14,989 (+2.5%)
2019
$14,623 (+4.3%)
2018
$14,026 (+3.5%)
2017
$13,557 (+3.0%)
2016
$13,159 (+2.7%)
2015
$12,807 (+2.5%)
2014
$12,498 (+10.2%)
2013
$11,345 (+16.3%)
2012
$9,758 (−18.5%)
2011
$11,980 (+8.8%)
2010
$11,009 (−7.7%)
2009
$11,931
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
16.5
Stories
2
Lot width
—
Lot depth
—
Lot size
—
Year renovated
1964
Sq. Ft.
13,514
Year built
1964
Style
Condo/Co-op
County
Multnomah County
APN
R337992
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 30, 2026.
MC
Moderate Commercial District
The MC district is applied to smaller nodes of commercial activity than the Community Commercial and is clustered around key intersections. This district is intended to function primarily as locally-oriented centers serving smaller trade areas than the Community Commercial district. Building size limitations ensure compatibility with the surrounding neighborhoods. Permitted development types include commercial retail, service, and office uses. This district also permits housing as a secondary use, with multifamily being developed in conjunction with commercial construction. Design Standards in Section 7.0100 for new construction and remodels which meet the thresholds described in Section 7.0003 will ensure a strong pedestrian orientation for new development.