162nd Powell

Portland, OR 97236

$1,295,000
Price
61,855 / 1.42
Lot Size / Acres

Description

The site consists of two tax lots and is zoned RM1 (ResidentialMulti-Dwelling). Currently, the only improvements on the site is a 1927 four-bedroom/two-bathroom 2,055 SF single family home, that is currently rented for $1,995, with a detached garage. The RM1 zoning allows a 1:1 FAR, or 1:1.5 FAR with bonus provisions, which would allow for up to 61,855- 92,782 SF of residential building area. With Portland looking to eliminate SDC fees for multifamily projects in the near future, the subject property...The site consists of two tax lots and is zoned RM1 (ResidentialMulti-Dwelling). Currently, the only improvements on the site is a 1927 four-bedroom/two-bathroom 2,055 SF single family home, that is currently rented for $1,995, with a detached garage. The RM1 zoning allows a 1:1 FAR, or 1:1.5 FAR with bonus provisions, which would allow for up to 61,855- 92,782 SF of residential building area. With Portland looking to eliminate SDC fees for multifamily projects in the near future, the subject property would make an ideal project in a location with solid renter demographics.
  1. Listed by Parvaneh Kalantari • Vitality Home Realty

Property Details for 162nd Powell

Zoning
RM1
View
Trees Woods
LISTING UPDATED: 07/17/2025 06:01 PM

Property Details for 162nd Powell

StatusActive
MLS #267233612
Days on Market155
Taxes$13,120 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Multi Family
Year Built-
Lot Size1.42 AC
CountyMultnomah County

Location

Listing Courtesy of Vitality Home Realty
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Building Information for 162nd Powell

Building Size-Lot Size1.42 AC

Payment Calculator

$7,492 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,399

Property Taxes

$1,093

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 162nd Powell

Summary
Location and General Information
  • Country: US
  • Directions: 162nd & Powell
  • Road Surface: Paved
School Information
  • Elementary School: Powell Butte
  • High School: Centennial
  • Middle Or Junior School: Centennial
Taxes and HOA
  • Tax Annual Amount: $13,120.00
  • Parcel Number: R334825
  • Parcel Number 2: R334698
  • Tax Legal Description: Land
Property
Lot Information
  • Acres: 1.42
  • Lot Description: Cleared, Corner Lot, On Busline
  • Lot Size Square Feet: 61855.0
  • Current Use: Residential
  • Land Description: Level
  • Lot Size Range: Acres1to3
  • Lot Size: 1 to 2.99 Acres
Property and Assessments
  • Property Sub Type: Multi Family
  • Property Type: Land
Utilities
  • Utilities: Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Existing Structures Description: Garage, Residence

Schools near 162nd Powell

This home is within Centennial School District 28j.
Rating
School
Type
Grades
Distance
Powell Butte Elementary School
Public - K to 5
Centennial Middle School
Public - 6 to 8
Centennial High School
Public - 9 to 12
Oliver Elementary School
Public - K to 6
Rating
School
Distance
Powell Butte Elementary School
PublicK to 5

Centennial Middle School
Public6 to 8

Centennial High School
Public9 to 12

Oliver Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 162nd Powell, Portland, OR 97236

162nd Powell is a 1.42 ac of land for sale in Portland, OR 97236. This property was listed for sale on July 17, 2025 by Vitality Home Realty, it's currently listed at $1,295,000. This listing's school district is Centennial School District 28j. Nearby schools include Powell Butte Elementary School, Centennial Middle School and Centennial High School. 162nd Powell is a 0-bed, 0-bath, 1.42 ac of land on a 61,855 sq. ft. / 1.42 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Vitality Home Realty

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Last updated: 07/17/2025 06:01 PM