167 NE 162ND AVE Portland, OR $ 1,250,000
167 NE 162ND AVE
$ 1,250,000
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167 NE 162ND AVE

Portland, OR, 97230
$ 1,250,000
Bedrooms12 Baths13.0

Monthly Estimate*

$ 8,732

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Multi-Family Home for sale in Portland, OR

for $1,250,000 with 12 bedrooms and 13 full baths. This home was built in 2022 on a lot size of 0.16.

Immerse yourself in the timeless elegance of this meticulously designed 2-year-old 4-plex. Each unit is a testament to fine craftsmanship and thoughtful architecture, ensuring both aesthetic appeal and lasting quality. With a solid 6.3% cap rate, this property promises not only a beautiful living space but also a lucrative investment opportunity. Watch your investment grow with every passing year. Conveniently located just 2 blocks from the light rail station and a mere 3 blocks from Trimet, commuting has never been easier. Enjoy the benefits of urban living while relishing the tranquility of a residential neighborhood. Every unit comes with its own garage, providing added convenience and security for tenants while enhancing the property's value. Take advantage of the 30-year fixed-rate loan at an attractive rate of 6 7/8%. Secure your investment with peace of mind and financial stability.

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Multi-Family Active

Price

$ 1,250,000

Bedrooms

12

Full Bath

13

Property Type

Multi-Family

Taxes

$ 974

Style

Lot Size

0.16

Year Built

2022

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

24266907

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling HeatPump
Roof Composition
Zoning SC
Garage Spaces 4.0
Year Built 2022
Stories 3
Tax Year 2023
Gross Income 111684.0
Community Features AllLandscaping
County Multnomah
Net Operating Income 78862.0
Operating Expense 27280.0
Property Type MultiFamily
Rent Includes None
Status Active
Directions 162nd Between Burnside and Glisan
High School Reynolds
City Portland
Total Units 4
MLS Area _142
Lot Size Square Feet 6969.0
Street Name 162ND
Listing Terms Cash Conventional
Elementary School Wilkes
Tax Annual Amount 974.35
Middle/Junior High School H.B. Lee
Property Condition Approximately
Days on Market 50
Standard Status Active
Legal Description MEYERMEAD BLOCK 2 LOT 9 TL 1500
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Interior
Basement CrawlSpace
Hot Water Electricity
Unit 1 Baths Total 7
Unit 1 Beds Total 3
Unit 2 Baths Total 2
Unit 2 Beds Total 3
Unit 3 Baths Total 2
Unit 3 Beds Total 3
Unit 4 Baths Total 2
Unit 4 Beds Total 3
Street Suffix AVE
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Exterior
Parking Features Attached Garage
Lot Features Level
Water Source PublicWater
Total Parking 4.0
Exterior Description CementSiding
Foundation Details ConcretePerimeter
Lot Size Acres 0.16
Road Surface Type Concrete
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Internal Only
Street Number 1 167
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* Excluded Features
List By
Georgetown Realty Inc.

Broker

jmahaffy@gtrealty.com

Email

Affordability Calculator

$8,813
Per Month
99%
1%
0%
Monthly Principal & Interest
$8,732
Monthly Property Taxes
$81
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1949639 Elementary School
1950965 Middle School
Reynolds High School High School
Pricing History
DatePricePrice ChangeDescription
3/7/2024$1,250,000 Listed Price

Map


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167 NE 162ND AVE, Portland, OR, 97230 is a Multi-Family Home for sale at $1,250,000 with a lot size of 0.16. 167 NE 162ND AVE has 12 bedrooms, 13.0 baths, and was built in 2022. The property's zip code is 97230 which is in Portland, OR