See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

1523 SE 162nd Ave Unit 33, Portland, OR, 97233

1beds
1baths
397sqft
$84,900
$214price/sqft
$697/moest. monthly cost
$27,880/yrincome needed

About This Home

Own your home and start building equity! Brand new, energy-efficient tiny homes coming soon to Lantern Lane in Portland.Enjoy a modern design with great natural light, an open living space, and stylish finishes throughout. These homes are thoughtfully designed to maximize space and comfort, with quality construction by Champion.All Kitchen appliances included. Choose from multiple floor plans and personalize your home with upgrade options like covered porches, lofts, and enhanced interior finishes—options available at different price points.Lantern Lane is under new ownership with ongoing community and infrastructure improvements, creating a fresh opportunity for affordable homeownership in the Portland area.Home is proposed/new construction. Price, features, and specifications subject to change. Photos/renderings may show options. LA has financial interest in community. Buyer to verify all information including space rent, community rules, and financing. Placement subject to park approval. Financing options available.

Getting Around

58
WalkingSomewhat Walkable
44
TransitSome Transit
82
BikeVery Bikeable

Schools

6/10
1/10
Oliver MiddleGrades 6-80.3 mi
4/10
Centennial High SchoolGrades 9-121.4 mi

Construction

Condition

  • Property condition: Proposed
  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Skirting
  • Roof: Shingle
  • Construction materials: Panel

Type & Style

  • Home type: MobileManufactured
  • Property subType: Residential,Manufactured Home

Interior

Appliances

  • Appliances included: Dishwasher,ENERGY STAR Qualified Appliances,Free-Standing Range,Free-Standing Refrigerator,Microwave,Plumbed For Ice Maker,Stainless Steel Appliance(s),Electric Water Heater
  • Laundry features: Laundry Room

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1

Features

  • Pantry
  • Window features: Double Pane Windows,Vinyl Frames
  • Flooring: Laminate,Wall to Wall Carpet

Interior Area

  • Total structure area: 397
  • Total interior livable area: 397 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: New Construction
  • On leased land: Yes
  • Lease amount: 1000

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered Deck

Lot

  • Features: Level,On Busline,SqFt 0K to 2999

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Cold Wave
Heat Wave

FEMA Declared Disasters in Multnomah County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $429$5,148
Home Insurance *$20$240
Property Taxes $72$864
Electricity $176$2,119
Total$697$8,364
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$23,897/yr
40% on housing$20,910/yr
45% on housing$18,586/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$214This listing

vs Other Active Listings

Avg $/sqft

ZIP 97233$180
Multnomah County$244

vs Homes Sold Last Month

Median $/sqft

ZIP 97233$264
Multnomah County$288

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-25Listed for sale$84,900

New Construction

AgentShannon Lambert
BrokerageThe Broker Network, LLC

Similar Homes