Listing provided courtesy of Acquire Properties- MLS# 149278024
Contact Information: [email protected]
Contact Information: [email protected]Images
Request Info202 NE 162ND AVEPortland, OR 97230
Multi-Family · 0.31 Acres$589,000
Active
202 NE 162ND AVE Overview
- Time on Site:
- 306 days
- Visits:
- 4
Spacious duplex, ideal for owner-occupants looking to live in one unit and rent the other, or for savvy investors seeking a strong income producing property. Two well-maintained units: one featuring 5 bedrooms and 2 full bathrooms which was rented for $3100/month before, and the other 2 bedrooms and 1 bathroom. Enjoy off-street parking, double car garage, huge storage shop and access to a shared outdoor big backyard perfect for residents. Updates include roof, furnace, kitchen cabinetry, flooring, and fresh interior & exterior paint, ensuring move-in-ready convenience and long-term value. This property offers excellent development potential with 0.31 acres zoned for multifamily residential use, allowing the possibility to build up to 18 apartment units per city of Gresham buyers to verify all information. Located in a high-demand area close to public transportation, schools, and major shopping centers, this is an investment that offers both immediate income and future growth. Don't miss out on this versatile and high-potential property! Ps. Seller requests to use OREF forms.
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202 NE 162ND AVE Facts & Features
- Type Multi-Family
- Lot 0.31 Acres
Details
General
School Information
- Elementary School: Wilkes
- Middle Or Junior School: H.B. Lee
- High School: Reynolds
Income/Expenses
- Gross Income: 19740.0
- Gross Scheduled Income: 69192.0
- Net Operating Income: 13152.0
- Operating Expense: 6588.0
Building Information
- Year Built: 1941
Location/Region
- Country: US
- County Or Parish: Multnomah
- MLS Area Major: 142 - Portland Northeast
Rent/Lease Information
- Rent Includes: Sewer,Trash Collection,Water
Tax Information
- Tax Annual Amount: 4503.6
- Tax Year: 2024
General Information
- Listing Terms: Cash,Conventional,FHA
- Parcel Number: R113321
- Property Condition: Approximately
- Property Type: Multi Family
- Zoning: SC
Interior
General Information
- Basement: Full Basement
- Heating: Forced Air
- Stories: 1
Exterior
Parking Information
- Parking Features: Garage
Lot Information
- Lot Features: Level
- Lot Size Acres: 0.31
- Lot Size Square Feet: 13503.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 2
- Sewer: Public Sewer
202 NE 162ND AVE Neighborhood
Community
97230 (Portland) Demographics
40
Median Age
2,095
Population Density (per sq. mile)
35%
College Educated
$58,276
Estimated Median Income
9,552
Estimated Total Home Owners
5,774
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.202 NE 162ND AVE Monthly Cost
202 NE 162ND AVE Market Data
Based on the last 30 days in this zip code
$441,610
Average List Price
$261
Average Price per Square Foot
39
Properties Sold
92
Average Days on Market
171
Properties for Sale
202 NE 162ND AVE History
| Date | Value | Agent |
|---|---|---|
| 3/25/2026Source: Regional MLS | $589,000 -1.7% |
|
| 2/16/2026Source: Regional MLS | $599,000 -3.4% |
|
| 8/27/2025Source: Regional MLS | August 27, 2025 |