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20 NW 16th Ave APT 407, Portland, OR, 97209

--beds
1baths
312sqft
$107,500
$345price/sqft
$949/moest. monthly cost
$37,960/yrincome needed

About This Home

Small condo in the heart of Portland. This charming studio is on the top floor of the iconic 'Empress'. Originally a hotel when it opened in 1927, it was completely renovated in 2007. Includes built-in kitchen with dishwasher, range & refrigerator. Also includes washer, dryer, window AC, wood floors & large bathtub. Secured entry & Pet friendly. It's just minutes to downtown, Washington Park, PSU, Max and bus lines with easy freeway access. Also just blocks to many stores and restaurants. One of the least expensive properties in Portland with the most centralized location!

Getting Around

99
WalkingWalker's Paradise
89
TransitExcellent Transit
86
BikeVery Bikeable

Schools

5/10
5/10
8/10
Lincoln High SchoolGrades 9-120.3 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1927

Materials

  • Construction materials: Brick

Type & Style

  • Home type: Condo
  • Property subType: Residential,Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Free-Standing Range,Free-Standing Refrigerator,Washer/Dryer,Electric Water Heater
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1

Features

  • High Speed Internet
  • Window features: Double Pane Windows,Vinyl Frames
  • Flooring: Tile,Wood
  • Common walls with other units/homes: 1 Common Wall

Heating & Cooling

  • Heating features: Zoned
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 312
  • Total interior livable area: 312 sqft

Kitchen

  • Features: Dishwasher,Free Standing Range, Free Standing Refrigerator
  • Level: Main

Living Room

  • Features: Wood Floors
  • Level: Main

Property

Details

  • Parcel number: R592036

Features

  • Stories: 1
  • Entry location: Upper Floor
  • Has view: Yes
  • View description: City

Lot

  • Features: Corner Lot,Light Rail,On Busline

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Multnomah County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $543$6,516
Home Insurance *$23$276
Property Taxes $207$2,484
Electricity $176$2,119
Total$949$11,388
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$32,537/yr
40% on housing$28,470/yr
45% on housing$25,306/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$345This listing

vs Other Active Listings

Avg $/sqft

ZIP 97209$203
Multnomah County$244

vs Homes Sold Last Month

Median $/sqft

ZIP 97209$322
Multnomah County$288

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-09Listed for sale$122,500
2007-01-10Sold$119,377

For Sale by Agent

AgentGregory Dunlap
BrokerageDiamond Group Properties, Inc.

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