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    • $589,000

    202 NE 162nd Ave, Portland, OR 97230

    7beds
    3,342sqft
    : 
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    Multi Family
    Built in 1941
    -- sqft lot
    $-- Zestimate®
    $176/sqft
    $-- HOA

    What's special

    Huge storage shopTwo well-maintained unitsShared outdoor big backyardDouble car garageOff-street parkingUpdates include roof
    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 which was rented for $3100/month before, 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! Ps. Seller requests to use OREF forms.
    315 days
    |
    405
    |
    23
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Wally Tesfa Wtesfa1@comcast.net,

    Acquire Properties

    Source: RMLS (OR),MLS#: 149278024MLS Logo

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      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: $176/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

        DateEventPrice
        3/26/2026Price change$589,000-1.7%$176/sqft
        Source: RMLS (OR) #149278024 Report a problem
        2/16/2026Price change$599,000-3.4%$179/sqft
        Source: RMLS (OR) #149278024 Report a problem
        8/27/2025Listed for sale$619,900+37.8%$185/sqft
        Source: RMLS (OR) #149278024 Report a problem
        11/27/2018Listing removed$449,750$135/sqft
        Source: Georgetown Realty Inc. #18306003 Report a problem
        10/17/2018Price change$449,750+2.2%$135/sqft
        Source: Georgetown Realty Inc. #18306003 Report a problem
        10/15/2018Listed for sale$439,999$132/sqft
        Source: Georgetown Realty Inc. #18306003 Report a problem
        8/10/2018Pending sale$439,999$132/sqft
        Source: Georgetown Realty Inc. #18306003 Report a problem
        4/17/2018Price change$439,999+2.6%$132/sqft
        Source: Georgetown Realty Inc. #18306003 Report a problem
        2/25/2018Price change$429,000+2.4%$128/sqft
        Source: Georgetown Realty Inc. #17144679 Report a problem
        1/15/2018Price change$419,000-2.3%$125/sqft
        Source: Georgetown Realty Inc. #17144679 Report a problem
        11/15/2017Price change$429,000-9.7%$128/sqft
        Source: Georgetown Realty Inc. #17144679 Report a problem
        10/5/2017Listed for sale$475,000+270.1%$142/sqft
        Source: Georgetown Realty Inc. #17144679 Report a problem
        5/3/2013Sold$128,331+755.5%$38/sqft
        Source: RMLS (OR) #13037445 Report a problem
        3/18/2013Price change--
        Source: RE/MAX Equity Group-Sunnyside Office #13037445 Report a problem
        3/16/2013Price change$15,000-25%$4/sqft
        Source: Auction.com Report a problem
        2/26/2013Price change$20,000-86.5%$6/sqft
        Source: Auction.com Report a problem
        1/26/2013Price change$147,800-8.4%$44/sqft
        Source: RE/MAX Equity Group-Sunnyside Office #12194110 Report a problem
        1/24/2013Price change$161,300-7.8%$48/sqft
        Source: RE/MAX Equity Group-Sunnyside Office #12194110 Report a problem
        12/15/2012Listed for sale$174,900+21%$52/sqft
        Source: RE/MAX EQUITY GROUP-SUNNYSIDE OFFICE #12194110 Report a problem
        3/19/2001Sold$144,600$43/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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%
        2022$3,975 +2.5%$227,000 +3%
        2021$3,876 +6.9%$220,390 +3%
        2020$3,627 +4.3%$213,980 +3%
        2019$3,476 $207,750 +3%
        2018$3,476 +1%$201,700 +3%
        2017$3,441 +8%$195,830 +3%
        2016$3,186 $190,130 +3%
        2015$3,186 +3%$184,600 +3%
        2014$3,094 +15%$179,230 +12.7%
        2013$2,689 -6.2%$159,040 +3%
        2012$2,866 +17.1%$154,410 +3%
        2011$2,447 +3.7%$149,920 +3%
        2010$2,359 +2.7%$145,560 +3%
        2009$2,298 +1.8%$141,330 +3%
        2008$2,259 +2.4%$137,220 +3%
        2007$2,205 +3.5%$133,230 +3%
        2006$2,130 +2.3%$129,350 +3%
        2005$2,083 +2.3%$125,590 +3%
        2004$2,036 +4%$121,940 +3%
        2003$1,957 +2.7%$118,390 +3%
        2002$1,905 +9.6%$114,950 +6.1%
        2000$1,738 $108,360

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 97230

        Getting around

        69 / 100
        Somewhat Walkable
        56 / 100
        Good Transit
        85 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        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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