Amazing opportunity on this mixed-use classic in niche NW Portland Neighborhood zoned CM3! The property would be great used as a Live/Work space, duplex for residential or investment for both residential AND commercial. The main level is used as office space with great flow and both community space and private office. The upstairs apartment is light-filled and open with 4 bedrooms, 2 bathrooms and an open floor plan. To top it all off, there is hard-to-find INTERIOR parking for up to 6 cars for the resident...or rent it out as a separate space! Tons of potential and close to everything! Great access to shopping, NW 23rd, restaurants, freeway access, parks, downtown and endless entertainment. Don't miss your chance to invest in NW!
Active
Price cut: $50.9K (12/5)
$1,099,000
821 NW 16th Ave, Portland, OR 97209
5beds
5,088sqft
Est.:
Multi Family
Built in 1904
-- sqft lot
$-- Zestimate®
$216/sqft
$-- HOA
What's special
Community spaceOffice spacePrivate officeOpen floor plan
- 264 days |
- 675 |
- 30 |
Zillow last checked: 8 hours ago
Listing updated: December 05, 2025 at 12:09am
Listed by:
Matthew Williams 503-345-2686,
Bison Properties
Source: RMLS (OR),MLS#: 612475903
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- Partial bathrooms: 1
Heating
- Ductless, Mini Split
Cooling
- Air Conditioning
Appliances
- Included: Range, Refrigerator, Washer/Dryer, Electric Water Heater
- Laundry: Washer Dryer Hookup
Features
- Storage
- Flooring: Wood
- Basement: Exterior Entry,Full,Unfinished,Storage Space
Interior area
- Total structure area: 5,088
- Total interior livable area: 5,088 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Attached, Garage
- Garage spaces: 6
Features
- Stories: 3
Lot
- Size: 3,484.8 Square Feet
- Features: SqFt 3000 to 4999
Details
- Parcel number: R140805
- Zoning: CM3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cedar, Lap Siding, Other
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1904
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Fire Escape, Fire Sprinkler System
- Subdivision: Nw Portland
Location
- Region: Portland
Financial & listing details
- Price per square foot: $216/sqft
- Tax assessed value: $1,350,380
- Annual tax amount: $8,224
- Date on market: 3/25/2025
- Listing terms: Cash,Conventional
- Total actual rent: 8200
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Price change | $1,099,000-4.4%$216/sqft |
Source:  RMLS (OR) #612475903 Report a problem | ||
| 11/6/2025 | Price change | $1,149,900-4.2%$226/sqft |
Source: RMLS (OR) #612475903 Report a problem | ||
| 10/8/2025 | Price change | $1,199,900-4%$236/sqft |
Source: RMLS (OR) #612475903 Report a problem | ||
| 9/4/2025 | Price change | $1,249,900-7.3%$246/sqft |
Source: RMLS (OR) #612475903 Report a problem | ||
| 7/15/2025 | Price change | $1,349,000-7%$265/sqft |
Source: RMLS (OR) #612475903 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2017 | $6,523 +14% | $250,180 +3% |
| 2016 | $5,721 | $242,900 +3% |
| 2015 | $5,721 | $235,830 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,517/mo
Principal & interest
$4262
Property taxes
$870
Home insurance
$385
Climate risks
Neighborhood: Northwest
Nearby schools
GreatSchools rating
- 5/10Chapman Elementary SchoolGrades: K-5Distance: 0.9 mi
- 5/10West Sylvan Middle SchoolGrades: 6-8Distance: 3.9 mi
- 8/10Lincoln High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Chapman
- Middle: West Sylvan
- High: Lincoln
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Loading
- Loading
