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. 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!
Acquire PropertiesBrokerage Email: Wtesfa1@comcast.netLicense #950900153Listed on: 08/27/2025
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$4,504
Year Built
Built in 1941
Lot Details
0.31 Acre Lot
Level Lot
Parking
Garage
Home Design
Composition Roof
Plywood Siding Panel T1-11
Interior Spaces
1-Story Property
Storage
Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
7 Bedrooms
3 Bathrooms
Schools
Wilkes Elementary School
H.B. Lee Middle School
Reynolds High School
Utilities
No Cooling
Forced Air Heating System
Listing and Financial Details
Assessor Parcel Number R113321
Community Details
Overview
2 Units
Building Details
Operating Expense $8,297
Gross Income $52,152
Net Operating Income $43,855
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$4,504
Year Built
Built in 1941
Lot Details
0
Listing Details
Standard Status: Active
MLS Status: Active
Property Type: MultiFamily
Stories: 1
Year Built: 1941
Property Condition: Approximately
Property Attached Yn: No
Open House: No
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Basement: FullBasement
Storage: Attached
Total Bedrooms: 7
Lot Size Range: SqFt10000to14999
Exterior Features
Exterior Description: T111Siding
Lot Size: 10,000 to 14,999 SqFt
View: No
Lot Features: Level
Road Surface Type: Paved
Roof: Composition
Garage/Parking
Parking Description: Garage
Attached Garage: No
Utilities
Fuel Description: Electricity
Cooling Y N: No
Heating: ForcedAir
Heating Yn: Yes
Sewer: PublicSewer
Water Source: PublicWater
Schools
Elementary School: Wilkes
High School: Reynolds
Middle Or Junior School: H.B. Lee
Lot Info
Zoning: SC
Lot Size Acres: 0.31
Lot Size Sq Ft: 13503.0
Parcel #: R113321
Green Features
Green Certification: No
Rental Info
Rent Includes: Sewer, TrashCollection, Water
Tax Info
Tax Deferral: No
Tax Year: 2024
Tax Annual Amount: 4503.6
Multi Family
Unit Type: UnitTypeType1, UnitTypeType2
Number Of Units Total: 2
Gross Rent Multiplier: 11.89
Annual Gross Income: 52152.0
Property Net Operating Income: 43855.0
Annual Operating Expense: 8297.0
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
Over the years, I’ve had the privilege of working with individuals, families, and investors throughout the Portland, Oregon metro area and Southwest, Washington. Whether navigating residential, commercial, or investment properties, my approach has always been rooted in understanding and meeting the unique needs of each client. When working with buyers, my focus is on empowerment—helping them make informed decisions that align with their personal goals, values, and future aspirations. I
Opportunity knocks in Close in Northeast area with simple and easy living. Desirable one level home in the heart of Woodlawn neighborhood. Convenient NE location with short walks to Dekum St. restaurants, shops, wood lawn park & near the new University of Oregon campus. Featuring three bedrooms with one bathroom offering a comfortable living space. The double car garage provides added convenience
This home is located at 202 NE 162nd Ave, Portland, OR 97230 and is currently priced at $619,900. This property was built in 1941. 202 NE 162nd Ave is a home located in Multnomah County with nearby schools including Wilkes Elementary School, Hauton B Lee Middle School, and Reynolds High School.
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