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1500 SE 162ND AVE Portland, OR $ 699,990
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1500 SE 162ND AVE
$ 699,990
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1500 SE 162ND AVE

Portland, OR, 97233
$ 699,990
Bedrooms7 Baths4.0 Sq 3,814

Monthly Estimate*

$ 4,420

1500 SE 162ND AVE, Portland, OR 97233 - Image 1
1500 SE 162ND AVE, Portland, OR 97233 - Image 2
1500 SE 162ND AVE, Portland, OR 97233 - Image 3
1500 SE 162ND AVE, Portland, OR 97233 - Image 4
1500 SE 162ND AVE, Portland, OR 97233 - Image 5
1500 SE 162ND AVE, Portland, OR 97233 - Image 6
1500 SE 162ND AVE, Portland, OR 97233 - Image 7
1500 SE 162ND AVE, Portland, OR 97233 - Image 8

Multi-Family Home for sale in Portland, OR

for $699,990 with 7 bedrooms and 4 full baths. This 3,814 square foot home was built in 1973 on a lot size of 0.24.

Well-maintained fourplex offering a desirable mix of three 2-bedroom, 1-bath units and one spacious 3-bedroom, 1.5-bath unit. All units feature durable LVP flooring, with select updates throughout. The lower-level units offer private backyards, while the upper-level unit enjoys its own deck. Each unit includes a dedicated storage area, plus additional owner storage for added convenience. Upside in rents. A practical and appealing investment property with a versatile unit mix and tenant-friendly features. Please do not disturb tenants. Make offer subject to interior inspection. Roof replaced 2024 and front exterior paint 2026. Laundry room has potential for income. No sign on property.

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Multi-Family Active

Price

$ 699,990

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 8,571

Style

Lot Size

0.24

Year Built

1973

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

715494225
Features
General
Sewer PublicSewer
Heating Baseboard
Roof Composition
Zoning R7
Garage Spaces 0
Year Built 1973
Stories Count 2
Tax Year 2025
Parcel Number R258716
Gross Income 67800.0
County Multnomah
Net Operating Income 36719.0
Operating Expense 27691.0
Property Type MultiFamily
HOA N
Subdivision Name Rockwood Park
Rent Includes Sewer TrashCollection Water
Status Active
Directions SE Stark south on SE 162nd on left side
High School Centennial
City Portland
Number Of Units Total 4
MLS Area _143
Lot Size Square Feet 10454.0
Listing Terms Cash Conventional
Elementary School Patrick Lynch
Tax Annual Amount 8571.17
Middle/Junior High School Oliver
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description ROCKWOOD PK BLOCK 2 S 71' OF W 173' OF LOT 16 EXC PT IN ST
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Interior
Basement CrawlSpace
Storage IndividualStorageUnits
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 2
Unit 3 Beds Total 3
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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Exterior
Parking Features OffStreet
Lot Features Level
Water Source PublicWater
Total Parking 8.0
Exterior Description WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 3814.0
Lot Size Acres 0.24
Road Surface Type Paved
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Internal Only
Street Number 1 1500
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* Excluded Features
List By
Lizc Real Estate Investments

Broker

liz@lizcrei.com

Email

Affordability Calculator

$5,134
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,420
Monthly Property Taxes
$714
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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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Nearby
2405593 Elementary School
3924792 Middle School
Centennial High School High School
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Pricing History
DatePricePrice ChangeDescription
8/19/2026$699,990 Listed Price

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1500 SE 162ND AVE, Portland, OR, 97233 is a Multi-Family Home for sale at $699,990 with 3,814 sqft and a lot size of 0.24. 1500 SE 162ND AVE has 7 bedrooms, 4.0 baths, and was built in 1973. The property's zip code is 97233 which is in Portland, OR

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