202 NE 162nd Ave, Portland, OR, 97230
About This Home
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.
Getting Around
Somewhat Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Property condition: Approximately
- Year built: 1941
Materials
- Roof: Composition
- Construction materials: T111 Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Range,Refrigerator
- Laundry features: Washer Dryer Hookup
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 3,342
- Total interior livable area: 3,342 sqft
Property
Details
- Parcel number: R113321
- Zoning: SC
Features
- Stories: 1
Lot
- Lot size: 0.31 Acres
- Features: Level,SqFt 10000 to 14999
Parking
- Parking features: Garage
- Has garage: Yes
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
- Cold Wave
- Heat Wave
- Inland Flooding
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Multnomah County and Oregon
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,927 | $35,124 |
| Home Insurance * | $139 | $1,668 |
| Property Taxes | $932 | $11,184 |
| Electricity | $303 | $3,639 |
| Total | $4,301 | $51,612 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-26 | Price change | $589,000 |
| 2026-02-16 | Price change | $599,000 |
| 2025-08-27 | Listed for sale | $619,900 |
| 2018-11-27 | Listing removed | $449,750 |
| 2018-10-17 | Price change | $449,750 |
| 2018-10-15 | Listed for sale | $439,999 |
| 2018-08-10 | Pending sale | $439,999 |
| 2018-04-17 | Price change | $439,999 |
| 2018-02-25 | Price change | $429,000 |
| 2018-01-15 | Price change | $419,000 |
| 2017-11-15 | Price change | $429,000 |
| 2017-10-05 | Listed for sale | $475,000 |
| 2013-05-03 | Sold | $128,331 |
| 2013-03-18 | Price change | -- |
| 2013-03-16 | Price change | $15,000 |
| 2013-02-26 | Price change | $20,000 |
| 2013-01-26 | Price change | $147,800 |
| 2013-01-24 | Price change | $161,300 |
| 2012-12-15 | Listed for sale | $174,900 |
| 2001-03-19 | Sold | $144,600 |
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