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1500 SE 162ND AVE

Portland, OR 97233
Square Ft.
3,814
Active
Multifamily
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$699,990
Well-maintained fourplex offering a desirable mix of three 2-bedroom, 1-bath units and one spacious 3-bedroom, 1.5-bath unit. All units feature durable LVP flooring, with select updates throughout. The lower-level units offer private backyards, while the upper-level unit enjoys its own deck. Each unit includes a dedicated storage area, plus additional… Read MoreRead Less
Listing courtesy of LizC Real Estate Investments.
Listing Snapshot
Days Online
2
Last Updated
Square Ft.
3,814
Lot Size
0.24 Acres
Year Built
1973
MLS Number
715494225
30 Days Snapshot Of 97233
$390k
+10%
(avg) sold price
17
-39%
homes sold
64
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1973, Building Area Total: 3814, Storage: IndividualStorageUnits, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Property Access
Road Surface Type: Paved
Basement
Basement: CrawlSpace
Expenses
Operating Expense Scheduled: 28521, Operating Expense: $27,691
Exterior Features
Exterior Description: WoodSiding
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating: Baseboard
Income
CAP Rate: 5.25, Gross Income: $67,800, Gross Rent Multiplier: 10.32, Gross Scheduled Income: $73,284, Net Operating Income: $36,719, Net Scheduled Income: 44762
Lot
Features: Level, Size Acres: 0.24, Size Range: SqFt10000to14999, Size Square Feet: 10,454, Size: 10,000 to 14,999 SqFt
Parking
Features: OffStreet, 8 total parking spots
Property
Number Of Units Total: 4, Property Condition: Approximately, Zoning: R7
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $8,571, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $1,250, Area: 900, Features: Dishwasher, Range, Refrigerator, WindowCoverings, Units Total: 2, 1 total bathroom, 2 total bedroom
Unit Two
Actual Rent: $1,450, Area: 900, Features: Dishwasher, Range, Refrigerator, WindowCoverings, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Three
Actual Rent: $1,700, Area: 1100, Features: Dishwasher, Range, Refrigerator, WindowCoverings, Units Total: 1, 2 total bathrooms, 3 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater
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Erika George and Kari McGee
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Schools In The Area

Check out nearby schools with ratings and contact info.
Patrick Lynch Elementary School 503-762-3203 Public KG-5
Oliver Middle School Telephone N/A Public 6-8
Centennial High School 503-762-6180 Public 9-12
Patrick Lynch Elementary School 503-762-3203 Public KG-5
Patrick Lynch Elementary School 503-762-3203 Public KG-5
Oliver Middle School Telephone N/A Public 6-8
Centennial High School 503-762-6180 Public 9-12

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This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.