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Kerns
1/15
118 NE 16TH
Multi Family For Sale
$2,549,000
$200K drop
118 NE 16TH 
Portland, OR 97232
2/15
118 NE 16TH
3/15
118 NE 16TH
4/15
118 NE 16TH
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Listing courtesy of Real Estate Performance Group

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118 NE 16TH

$2,549,000
Kerns
Portland, OR 97232
6 bed 6 bath
Multi Family For Sale On ZeroDown for 2 years

Highlights

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Do homes here appreciate well?
This neighborhood has appreciated more than the city overall over the last 5 years. +33.52% for this neighborhood v. +26.88% for the city
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How did my neighbors vote in 2020?
This home is in a precinct that voted for Joe Biden in 2020, who took 92% of the 10525 votes cast.
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Anything historic nearby?
This house is near Munsell, William O., House, a place on the National Registry of Historic Places.
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Nearby public transit?
Public transit in Kerns is provided by TriMet, with 10 TriMet bus stops
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Is the area walkable?
97232 has a walk score of 93, a bike score of 100, and a transit score of 71. This neighborhood is highly walkable, with daily errands easily accomplished on foot.
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Can I get groceries delivered?
Grocery delivery available from 18 stores including Costco, Safeway, QFC, CVS Pharmacy® and Natural Grocers. Powered by Instacart.
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Do homes stay on the market long?
Average days on market for homes in this area was 64 days this month, 64 days last month and 64 days last year.
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Is the area noisy?
Ambient noise level around this home is 40 - 50 dBA, classified as Moderate - Safe listening for any time period. Sounds like a refrigerator humming.
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Education levels?
98.0% of adults in Kerns have completed high school, which is 8.2% higher than the national average.
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Do people here tend to rent or own?
80% of homes in Kerns are renter-occupied with an average household size of 1.7 members.
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Where's the nearest childcare?
This home may not be for you if you have young kids. There are no child care centers within 10 miles of this home. Child care centers include pre-schools, day-cares and nursery schools
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Where's the nearest grocery store?
Kerns has convenient grocery shopping options, including Johns Marketplace, Whole Foods, and Montavilla Farmers Market.
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How often do homes sell?
4 homes sold in the neighborhood this month. 33.3% less than previous month. 33.3% more than same month last year.
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Can I satisfy my sweet tooth nearby?
Dessert shops like Pambiche, The Pie Spot, and City State Diner and Bakery are great options in Kerns for satisfying your sweet tooth.
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Who would be my member of congress?
This house is in Oregon's 3rd Congressional District which is represented by Earl Blumenauer (D).
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How's this area's market?
There aren't too many bidding wars right now in Kerns, with homes selling at asking price over the last three months.
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What's the closest freeway?
97232 is close to freeways like I-5 and I-84.
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How are the transit options?
More than 44% of commuters drive to work alone in 97232.
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Are there many restaurants nearby?
You can get takeout tacos from CHAR' Latin Grill or Tight Tacos or burgers from Dick's Primal Burger or Theo's in Kerns. If you'd rather sit down, check out Rogue Eastside Pub & Pilot Brewery, CHAR' Latin Grill, or Super Deluxe.
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Is there flood risk?
This home is in flood zone X which is low risk. Flood insurance is available for properties in this zone, but is not required.
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What else is for sale here?
The total number of homes for sale in Kerns is 12, which is 71% higher than it was at the same time a year ago.
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How's the air quality?
The air quality in 97232 was moderate last year, with 8 days when the Air Quality Index exceeded 100.
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Is there a park nearby?
This home is located near Buckman Field.
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Is this a hot market?
3 homes were listed for sale this month in 97232. This is 79% lower compared to last month and 57% lower compared to the same time last year.
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Is there earthquake risk?
In the event of a large earthquake, the perceived shaking in the area is expected to be strong and the potential damage is expected to be light.
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Is the sky clear at night?
Expect bright, city-like night skies and very high light pollution that makes it bright enough to read at night, and an orangish glowing sky background but dimmer constellations that lack key stars.
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Is there access to EV charging?
There are 15 electric vehicle charging locations in 97232 with a total of 41 level 2 and 5 DC fast chargers.
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Is the internet fast here?
Broadband internet connection options in Kerns include wireline, DOCSIS, Symmetrical xDSL, Asymmetrical xDSL, ADSL, fiber, terrestrial fixed wireless, and VDSL from 13 different providers. Aside from optic fiber which provides Gbps speeds, you can get speeds of up to 987 Mbps via DOCSIS from Comcast.

The Basics

About
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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Property Facts
Status
Active
Style
Multi Family, , Multi Family
MLS #
20265006
Community
Kerns
Year Built
2021
lot_size
10,000 to 14,999 SqFt
Property Type
Multi Family, None
County
Multnomah
Time On ZeroDown
2 years
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Interior Features

Unit #2 Information

SqFt:
560
# of Beds:
1
# of Units:
19
# of Baths:
1

Unit #3 Information

SqFt:
897
# of Beds:
2
# of Units:
7
# of Baths:
2

Unit #4 Information

SqFt:
942
# of Beds:
3
# of Units:
1
# of Baths:
2

Heating & Cooling

Fuel:
None
Cooling:
None
Heating:
None

Unit #1 Information

SqFt:
477
# of Units:
6
# of Baths:
1
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Virtual Tour, Parking, School, Utilities and Taxes

School Information

Middle or Junior School Name:
Hosford
High School Name:
Cleveland
Elementary School Name:
Buckman

Utilities

Water Description:
Public Water
Sewer:
Public Sewer

Tax Information

Tax Amount NCM:
$5,321.85
Tax Year:
2019
Tax Legal Description:
LYDIA BUCKMANS ADD, BLOCK 20, LOT 1&2, W 59 1/3' OF LOT 3
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Financing, Location Details

Location Information

Directions:
Sandy or Burnside to NE 16th
Subdivision Name:
Kerns
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Property / Lot Information

Lot Information

Features:
Level
Road Surface:
Paved

Property Information

Legal Description:
LYDIA BUCKMANS ADD, BLOCK 20, LOT 1&2, W 59 1/3' OF LOT 3
Zoning:
RH
PropertyCondition:
Proposed
Listed by: Jason Watkins
•
Brokerage: Real Estate Performance Group
•
MLS#: 20265006
•
Source: RMLS
Details provided by RMLS and may not match the public record.

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