20 NW 16TH AVE Unit ##405, Portland, OR 97209

$155,000
1
BA
367
SqFt

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List Price
$155,000
Days on Market
87
Status
ACTIVE
MLS#
407764223
Bathrooms
1
Living Area
367
Region
Portland NW/ SW/ S, Raleigh Hills

Property Description

Beautiful 1920s light-filled top floor corner unit in the heart of Portland. This unique studio layout provides an entryway separate from the spacious living area. The only neighbors are below and on a small section of one wall. Exciting views and the building’s juxtaposition provide for a spectacular feeling of a home in the clouds. The condo’s South-facing direction guarantees a full-day experience of sunshine or weather watching. It features original light fixtures and hardwood floors and has a full laundry room in the unit. Kitchen and living room windows allow for an airy crossflow that is merely unmatched. Building offers elevator, secure entry, bike room, and original details throughout. This historic converted hotel has renovations well underway, with plans for important updates to preserve the Empress’s structural integrity and attend to its cosmetic upkeep. Major projects that have been recently completed are a new roof and new plumbing. To-code electricity is nearly complete. The Owner’s Association Board has carefully assessed and articulated future agendas for maintenance timelines and expenses. Owners will not be caught off-guard by the stewardship responsibilities that come with the good fortune of living in such a time capsule. Close to I-405 but surprisingly quiet relative to bustling city sounds. This location is a commuter’s dream: public transit within blocks, PBOT parking permit is Zone K (lower than nearby Nob Hill/23rd), quick access to freeways in all directions. Steps from The Pearl, Powells, Providence park, NW 23rd, restaurants and shopping. Ten-minute walk to world-famous Forest park provides endless miles of hiking. Near Portland Japanese and Rose Gardens, Washington Park Zoo, and Waterfront Park. Basement storage unit and appliances are included. Since 2021 this home has been a mid-term rental for an average $1600/month. Purchasing furnished is an option.

Additional Information

Tax Amount
$2,302
Year Built
1927
High School
Lincoln
Elementary School
Chapman
Middle School
West Sylvan
Garage Type
None
Hoa Fee
$490
Hoa Payment Freq
Monthly
Living Area
367
Stories
1
Subdivision
Empress Condos
Property Type
Condominium
Terms
Cash, Conventional, VA Loan
Accessibility Features
Accessible Approach with Ramp, Accessible Elevator Installed, Accessible Entrance, Minimal Steps, One Level
Master Bedroom Level
Main
Fuel Description
Electricity
Heating Description
Zoned
Hot Water Description
Recirculating
Exterior Description
Brick, Stucco
Roof Type
Built-Up
Sewer Description
Public Sewer
Style
Studio
View
City, Mountain(s), Territorial
Parking
On Street
Security Or Entry
Intercom Entry
Parking Description
On Street
Covenants/Restrictions
Yes
Road Surface
Paved

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Listing courtesy of Works Real Estate.

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