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Listed by Acquire Properties • Wtesfa1@comcast.net

$589,000

Est. payment - /mo

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0.31 Acres Lot

Price Dropped by $10K

202 NE 162ND AVE Portland, OR 97230

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 149278024

Year Built 1941

Annual Tax Amount $4,503

Tax Year 2024

Lot Size 0.310 Acres

Property Description

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.

Location

State OR

County Multnomah

Area _142

Zoning SC

Rooms

Basement Full Basement

Interior

Heating Forced Air

Exterior

Roof Type Composition

Garage No

Building

Lot Description Level

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Wilkes

Middle Schools H.B. Lee

High Schools Reynolds

Others

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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