1500 SE 162nd Ave, Portland, OR 97233

$699,990

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Property Description

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 owner storage for added convenience. Upside in rents. A practical and appealing investment property with a versatile unit mix and tenant-friendly features. Please do not disturb tenants. Make offer subject to interior inspection. Roof replaced 2024 and front exterior paint 2026. Laundry room has potential for income. No sign on property.

1500 SE 162nd Ave | MLS# 715494225

This multi-family property located at 1500 SE 162nd Ave, Portland, OR 97233 is currently listed for sale with an asking price of $699,990. Search Portland real estate on drueripp.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Fuel Type: Electricity
Heating: Baseboard
Roof Type: Composition
Stories: 2.0
Taxes: $8,571
Year Built: 1973
Square Feet: 3,814

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Range, Refrigerator, WindowCoverings
Rent: $1250.00
Square Footage: 900
Total Units: 2
Unit Type 2:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Range, Refrigerator, WindowCoverings
Rent: $1450.00
Square Footage: 900
Total Units: 1
Unit Type 3:
Bathroom(s): 2
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator, WindowCoverings
Rent: $1700.00
Square Footage: 1100
Total Units: 1

Feature Descriptions

Days on Site: 5
Exterior: Wood Siding
Gross Income: $67800.00 (Actual)
Hot Water: Electricity
Lot: Level
Net Income: $36719.00 (Actual)
Operating Expenses: $27691.00 (Actual)
Parking: OffStreet
Parking Notes: OffStreet
Sewer: Public Sewer
Storage: IndividualStorageUnits
Units: 4
Water: Public Water

Local Schools

High School: Centennial
Middle School: Oliver
Elementary School: Patrick Lynch

Listed By / Shown By

Listed By

Agency Name: LizC Real Estate Investments
Agency Phone: 503-314-6498

Shown By

Agent Name: Drue Ripp, Broker
Agent Phone: Cell: (541) 668-0339
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 4,457.94 per month $3,539.53 Principal & Interest $714.25 Property Tax $204.16 Homeowner's Insurance

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