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167 NE 162nd Ave, Portland, OR, 97230

$1,250,000

Home List Price

$10,000*

Closing Credit

0 Baths
House
Schools Nearby

Location

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167 NE 162nd Ave, Portland$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAttached, Garage
Garage4 spaces
Year Built2022
HeatingForced Air
CoolingHeat Pump
MLS #24266907
Lot Size0.16 Acres
StatusActive

About 167 NE 162nd Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 2022
  • Stories: 3

Listing Office:

  • Office Name: Georgetown Realty Inc.
  • Office Email: accounting@gtrealty.com
  • Listing Agent: John Mahaffy

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Attached, Garage

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Heat Pump

School Info

Assigned Schools Information:

  • Reynolds High School, Public District Grades 9-12
  • Hauton B. Lee Middle School, Public District Grades 6-8
  • Glenfair Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: 162nd Between Burnside and Glisan

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
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Housing Market Comparison

See how this home compares to others in Portland, OR.

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Portland, OR

City

Med. Sold Price

$539.4K

Med. Price/SqFt

$314

Avg. Days On Market

44

# of Sold Homes

611

167 NE 162nd Ave vs Portland

52 DAYS ON ROCKET

+8 Days

$1,250,000

+$710.5K More

KEY TAKEAWAY

This property is $710.5K more than the Median Sold Price in Portland, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #24266907

Listing Office:

  • Office Name: Georgetown Realty Inc.
  • Office Email: accounting@gtrealty.com
  • Listing Agent: John Mahaffy

IDXThe 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 another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 7:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2953999
3
/10

  • Glenfair Elementary School

  • 15300 NE Glisan St

  • 0.44 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2954000
3
/10

  • Hauton B. Lee Middle School

  • 1121 NE 172nd Ave

  • 0.70 miles

  • Public District Grades 6-8

High School

school-card-donut-2954001
3
/10

  • Reynolds High School

  • 1698 SW Cherry Park Rd

  • 4.61 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,364. The majority of Portland, OR residents have income less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 167 NE 162nd Ave

What is the listing price of this property?

The listing price of 167 NE 162nd Ave property is $1,250,000.

What type of property is this?

The property 167 NE 162nd Ave is a house located in Portland, Oregon, 97230.

Is this property for sale now?

Active Listing: 167 NE 162nd Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 167 NE 162nd Ave are:
Glenfair Elementary School: GreatSchools Rating 3/10
Hauton B. Lee Middle School: GreatSchools Rating 3/10
Reynolds High School: GreatSchools Rating 3/10

Which year was this property built?

The year of construction for 167 NE 162nd Ave is 2022.

Rocket Homes›Oregon›Multnomah County›Portland›97230›167 NE 162nd Ave

This home is located at 167 NE 162nd Ave in Portland, OR and zip code 97230 in the East Portland neighborhood. This home, which was built in 2022, sits on a 0.16 acre lot. It has been listed on Rocket Homes since March 07, 2024 and is currently priced at $1,250,000.

While more than 245 listings in Portland, OR in March 2024 were sold above asking price, there were more than 149 listings sold at asking price, and more than 217 were sold below. The number of homes for sale in Portland, OR increased by 8% between February 2024 and March 2024. While the average time on the market in March 2024 was 44 days, the median list price was $539,441.

From Rocket Homes Real Estate and based on county public records data.

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