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!
Active
$619,900
202 NE 162nd Ave, Portland, OR 97230
7beds
3,342sqft
Est.:
Multi Family
Built in 1941
-- sqft lot
$-- Zestimate®
$185/sqft
$-- HOA
What's special
Huge storage shopShared outdoor big backyardDouble car garageOff-street parking
- 108 days |
- 279 |
- 24 |
Zillow last checked: 8 hours ago
Listing updated: December 04, 2025 at 02:10am
Listed by:
Wally Tesfa Wtesfa1@comcast.net,
Acquire Properties
Source: RMLS (OR),MLS#: 149278024
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Appliances
- Included: Dishwasher, Range, Refrigerator
- Laundry: Washer Dryer Hookup
Features
- Basement: Full
Interior area
- Total structure area: 3,342
- Total interior livable area: 3,342 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Stories: 1
Lot
- Size: 0.31 Acres
- Features: Level, SqFt 10000 to 14999
Details
- Parcel number: R113321
- Zoning: SC
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- T111 Siding
- Roof: Composition
Condition
- Approximately
- Year built: 1941
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $185/sqft
- Tax assessed value: $590,720
- Annual tax amount: $4,503
- Date on market: 8/27/2025
- Listing terms: Cash,Conventional,FHA
- Total actual rent: 1645
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2025 | Listed for sale | $619,900+37.8%$185/sqft |
Source: | ||
| 11/27/2018 | Listing removed | $449,750$135/sqft |
Source: Georgetown Realty Inc. #18306003 Report a problem | ||
| 10/17/2018 | Price change | $449,750+2.2%$135/sqft |
Source: Georgetown Realty Inc. #18306003 Report a problem | ||
| 10/15/2018 | Listed for sale | $439,999$132/sqft |
Source: Georgetown Realty Inc. #18306003 Report a problem | ||
| 8/10/2018 | Pending sale | $439,999$132/sqft |
Source: Georgetown Realty Inc. #18306003 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,760 +5.7% | $248,040 +3% |
| 2024 | $4,504 +10.5% | $240,820 +3% |
| 2023 | $4,075 +2.5% | $233,810 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,701/mo
Principal & interest
$2993
Property taxes
$491
Home insurance
$217
Climate risks
Neighborhood: 97230
Nearby schools
GreatSchools rating
- 6/10Wilkes Elementary SchoolGrades: K-5Distance: 1.3 mi
- 2/10Hauton B Lee Middle SchoolGrades: 6-8Distance: 0.7 mi
- 1/10Reynolds High SchoolGrades: 9-12Distance: 4.5 mi
Schools provided by the listing agent
- Elementary: Wilkes
- Middle: H.B. Lee
- High: Reynolds
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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