Multi-Family for Sale: 167 162ND AVE, Portland, OR 97230 SOLD

$1,095,000
$1,095,000
167 162ND AVE, Portland, OR 97230 SOLD
$1,095,000
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Selling Price: $1,095,000
Original List Price: $1,250,000
Sold at 87.6% of list price
Sold Date: 08/30/2024

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Type Multi-Family
Garage Spaces 4
Lot Size 0.16 acres
Year Built 2022
Taxes Paid $974
City Portland
Area 142 - Portland Northeast
County Multnomah
School District Reynolds
MLS 24266907
Status Sold
DOM 176 days
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.

Room Features

Basement Description Crawl Space

Lot & Building Features

Cooling Heat Pump
Heating Forced Air
Parking Description Attached, Garage
Sewer Public Sewer
Water Public Water
Water Heater Electricity

Community and Schools

Elementary School Wilkes
Junior High School H.B. Lee
Senior High School Reynolds

Unit Features

Unit Type 1 Actual Rent 2522
Unit Type 1 Area 1250
Unit Type 1 Baths Total 7
Unit Type 1 Beds Total 3
Unit Type 1 Features Dishwasher, Washer/Dryer, Refrigerator, Range
Unit Type 1 Units Total 1
Unit Type 2 Actual Rent 2295
Unit Type 2 Area 1250
Unit Type 2 Baths Total 2
Unit Type 2 Beds Total 3
Unit Type 2 Features Dishwasher, Washer/Dryer, Refrigerator, Range
Unit Type 2 Units Total 1
Unit Type 3 Actual Rent 2295
Unit Type 3 Area 1250
Unit Type 3 Baths Total 2
Unit Type 3 Beds Total 3
Unit Type 3 Features Dishwasher, Washer/Dryer, Refrigerator, Range
Unit Type 3 Units Total 1
Unit Type 4 Actual Rent 2195
Unit Type 4 Area 1250
Unit Type 4 Baths Total 2
Unit Type 4 Beds Total 3
Unit Type 4 Features Dishwasher, Washer/Dryer, Refrigerator, Range
Unit Type 4 Units Total 1

Price History of 167 162ND AVE, Portland, OR

Date Name Price Difference
03/07/2024 Listing Price $1,095,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 167 162ND AVE, Portland, OR

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Inquire about this property

Photo of Ashley Dean
Ashley Dean
REALTOR, Broker
Direct: 509-637-3005
Office
65 NE Estes
White Salmon, WA 98672
509-493-1783
Listed by Georgetown Realty Inc., John Mahaffy
Sold by MORE Realty, Sammi Chen
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20%
0.088981735159817%
6.75%
$
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Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
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All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Georgetown Realty Inc.

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 Pacific Rim Brokers are marked with the RMLS. logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS., Portland, Oregon.