Caruthers Homes with Commons Lot description

Welcome to Caruthers, a vibrant subdivision nestled in the heart of Portland, Oregon, within the scenic Multnomah County. This charming community is a hidden gem that perfectly blends urban convenience with a touch of suburban tranquility. Caruthers is an ideal location for families, young professionals, and anyone looking to enjoy the best that Portland has to offer.

One of the standout features of Caruthers is its inviting homes, many of which are beautifully designed with modern amenities and classic charm. Residents will appreciate the spacious layouts and thoughtful finishes that make these homes not just a place to live, but a place to thrive. The inclusion of commons lots adds a unique aspect to this neighborhood, offering residents shared green spaces for relaxation, recreation, and community gatherings. Imagine hosting a summer barbecue or enjoying a quiet evening stroll in these well-maintained communal areas, fostering a sense of connection among neighbors.

Located just minutes from downtown Portland, Caruthers provides easy access to a wealth of dining, shopping, and entertainment options. The nearby parks and nature trails allow for outdoor adventures, making it a perfect spot for those who enjoy an active lifestyle. With its friendly atmosphere and strong sense of community, Caruthers is not just a place to call home; it's a place to create lasting memories and build meaningful relationships. Discover the charm and convenience of Caruthers, where your dream home awaits!

Newest Caruthers Homes with Commons Lot description

$3,500,000

186056133 MLS

OWNER CARRIED FINANCING AVAILABLE WITH GREAT TERMS AND ECONOMICS. Prime Investment Opportunity at 16 SW Porter Street will not last long on the market with a $237,317 Net Operating and a 6.78% Capitalization Rate is a Fantastic Property to add to your Portfolio. This 32 Unit Apartment Complex with 31 - studios and 1 - 1bedroom / 1 bathroom is a Solid Investment Opportunity in the Heart of the Caruthers Neighborhood. Attractive Owner Carried Financing with many options. We can provide additional information on the owner carried contract availability. Most of the tenants are under a Year Lease with 6 tenants on a month to month tenancy. NEW MEMBRANE ROOF AS OF AUGUST 21, 2026 AND A NEW ENERGY STAR WATER HEATER SYSTEM INSTALLED AUGUST OF 2026. Solid rental history with many Long term Tenants. All tenants are individually metered. The Apartment Complex does have a Coin Op Washer and Dryer that Brings in an additional $5732 plus a year to add to the investment bottom line. Please feel free to drive by the apartment complex but please do not disturb the tenants. All Purchase Agreements shall be written " Subject To Interior Inspection " . There are No Signs on the property or building.

16 SW PORTER SW ST, Portland

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