202 NE 162ND AVE Portland, OR $ 619,900
202 NE 162ND AVE
$ 619,900
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202 NE 162ND AVE

Portland, OR, 97230
$ 619,900
Bedrooms7 Baths3.0

Monthly Estimate*

$ 3,867

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Multi-Family Home for sale in Portland, OR

for $619,900 with 7 bedrooms and 3 full baths. This home was built in 1941 on a lot size of 0.31.

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, 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!

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Multi-Family Active

Price

$ 619,900

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 4,503

Style

Lot Size

0.31

Year Built

1941

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

149278024

Features
General
Sewer PublicSewer
Heating ForcedAir
Roof Composition
Zoning SC
Year Built 1941
Stories Count 1
Tax Year 2024
Parcel Number R113321
Gross Income 52152.0
County Multnomah
Net Operating Income 43855.0
Operating Expense 8297.0
Property Type MultiFamily
HOA N
Rent Includes Sewer TrashCollection Water
Status Active
Directions From Burnside North on 162nd to Property!
High School Reynolds
City Portland
Number Of Units Total 2
MLS Area _142
Lot Size Square Feet 13503.0
Listing Terms Cash Conventional FHA
Elementary School Wilkes
Tax Annual Amount 4503.6
Middle/Junior High School H.B. Lee
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description BEAVER AC S 90' OF W 195' OF LOT 25 EXC PT IN ST
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Interior
Basement FullBasement
Storage Attached
Unit 1 Baths Total 2
Unit 1 Beds Total 5
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Garage
Lot Features Level
Water Source PublicWater
Exterior Description T111Siding
Lot Size Acres 0.31
Road Surface Type Paved
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Internal Only
Street Number 1 202
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* Excluded Features
List By
Acquire Properties

Broker

Wtesfa1@comcast.net

Contact

Affordability Calculator

$4,243
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,867
Monthly Property Taxes
$375
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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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Nearby
1949639 Elementary School
1950965 Middle School
Reynolds High School High School
Pricing History
DatePricePrice ChangeDescription
8/27/2025$619,900 Listed Price

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202 NE 162ND AVE, Portland, OR, 97230 is a Multi-Family Home for sale at $619,900 with a lot size of 0.31. 202 NE 162ND AVE has 7 bedrooms, 3.0 baths, and was built in 1941. The property's zip code is 97230 which is in Portland, OR