167 Northeast 162nd Avenue

167 Northeast 162nd Avenue

Portland, OR 97230

$1,250,000
Price
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Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
a view of a large building with a large tree
a kitchen with stainless steel appliances a refrigerator microwave and sink
an empty room with a window
a view of an empty room
an empty room with windows
an empty room with wooden floor and windows
an empty room with windows
an empty room with windows and closet
a bathroom with a toilet and a shower
an empty room with wooden floor and windows
a bathroom with a granite countertop sink and a window
a bathroom with a sink a toilet and a bathtub
an empty room with windows
a bathroom with a granite countertop sink and a mirror
a view of an empty room with closet and a window
a view of a building with a window and balcony
an empty room with window
an empty room with a empty space and window
a kitchen with stainless steel appliances granite countertop hardwood a sink stove and refrigerator
a view of a storage & utility room
a bathroom with a granite countertop sink toilet and shower
an empty room with a window
an empty room with windows
a view of an empty room with a window
an empty room with windows
a view of empty room with window

Description

Immerse yourself in the timeless elegance of this meticulously designed 2-year-old 4-plex. Each unit is a testament to fine craftsmanship and thoughtful architecture, ensuring both aesthetic appeal and lasting quality. With a solid 6.3% cap rate, this property promises not only a beautiful living space but also a lucrative investment opportunity. Watch your investment grow with every passing year. Conveniently located just 2 blocks from the light rail station and a mere 3 blocks from Trimet, commuting...Immerse yourself in the timeless elegance of this meticulously designed 2-year-old 4-plex. Each unit is a testament to fine craftsmanship and thoughtful architecture, ensuring both aesthetic appeal and lasting quality. With a solid 6.3% cap rate, this property promises not only a beautiful living space but also a lucrative investment opportunity. Watch your investment grow with every passing year. Conveniently located just 2 blocks from the light rail station and a mere 3 blocks from Trimet, commuting has never been easier. Enjoy the benefits of urban living while relishing the tranquility of a residential neighborhood. Every unit comes with its own garage, providing added convenience and security for tenants while enhancing the property's value. Take advantage of the 30-year fixed-rate loan at an attractive rate of 6 7/8%. Secure your investment with peace of mind and financial stability.
  1. Listed by John Mahaffy • Georgetown Realty Inc. • accounting@gtrealty.com

Property Details for 167 Northeast 162nd Avenue

Parking Features
Attached, Garage
Zoning
SC
Garage Spaces
4.00
Parking Total
4.00

Location

Listing Courtesy of Georgetown Realty Inc.
Add your commute
LISTING UPDATED: 03/22/2024 03:07 PM

Property Details for 167 Northeast 162nd Avenue

StatusActive
MLS #24266907
Days on Market55
Taxes$974 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2022
Lot Size0.16 AC / 6,969 SF
CountyMultnomah County

Location

Listing Courtesy of Georgetown Realty Inc.
Add your commute

Building Information for 167 Northeast 162nd Avenue

Stories3Residences4Year Built2022Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$6,903 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,822

Property Taxes

$81

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 167 Northeast 162nd Avenue

Summary
Location and General Information
  • Country: US
  • Directions: 162nd Between Burnside and Glisan
  • Road Surface: Concrete
School Information
  • Elementary School: Wilkes
  • High School: Reynolds
  • Middle Or Junior School: H.B. Lee
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $974.35
  • Parcel Number: R217902
  • Tax Legal Description: MEYERMEAD, BLOCK 2, LOT 9 TL 1500
Property
Lot Information
  • Acres: 0.16
  • Lot Description: Level
  • Lot Size Square Feet: 6969.0
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Approximately
  • Year Built: 2022
Utilities
  • Cooling Description: Heat Pump
  • Fuel Description: Electricity
  • Heating Description: Forced Air
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Stories: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $111,684.00
  • Gross Rent Multiplier: $11.19
  • Investor Information: According To Owner
  • Net Income Actual: $78,862.00
  • Operating Expense: $27,280.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • Common Amenities: All Landscaping
Unit 1 Information
  • Unit Type 1 Baths Total: 7
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 1 Rent: $2,522
  • Unit Type 1 SqFt: 1250.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Beds Total: 3
  • Unit Type 2 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 2 Rent: $2,295
  • Unit Type 2 SqFt: 1250.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Beds Total: 3
  • Unit Type 3 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 3 Rent: $2,295
  • Unit Type 3 SqFt: 1250.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 2
  • Unit Type 4 Beds Total: 3
  • Unit Type 4 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 4 Rent: $2,195
  • Unit Type 4 SqFt: 1250
  • Unit Type 4 UnitsTotal: 1

Schools near 167 Northeast 162nd Avenue

This home is within Reynolds School District 7.
Rating
School
Type
Grades
Distance
Glenfair Elementary School
Public - K to 5
Hauton B Lee Middle School
Public - 6 to 8
Reynolds High School
Public - 9 to 12
Four Corners School
Public - K to 12
Rating
School
Distance
Glenfair Elementary School
PublicK to 5

Hauton B Lee Middle School
Public6 to 8

Reynolds High School
Public9 to 12

Four Corners School
PublicK to 12

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 167 Northeast 162nd Avenue, Portland, OR 97230

167 Northeast 162nd Avenue is a multi-family home for sale in Portland, OR 97230. This property was listed for sale on March 7, 2024 by Georgetown Realty Inc., it's currently listed at $1,250,000. This listing's school district is Reynolds School District 7. Nearby schools include Glenfair Elementary School, Hauton B Lee Middle School and Reynolds High School. 167 Northeast 162nd Avenue is a 0-bed, 0-bath, multi-family home built in 2022.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Georgetown Realty Inc.

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 © 2024 RMLS, Portland, Oregon. Last updated: 03/22/2024 03:07 PM