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.
Features of 167 Ne 162nd Ave
| MLS® # | 24266907 |
|---|---|
| Price | $1,250,000 |
| Units | 4 |
| Acres | 0.16 |
| Year Built | 2022 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 167 Ne 162nd Ave |
|---|---|
| Area | 142 - Portland Northeast |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97230 |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Heat Pump |
| Fireplace | No |
| # of Stories | 3 |
| Basement | Crawl Space |
Exterior
| Exterior | Cement Siding |
|---|---|
| Lot Description | Level |
| Roof | Composition |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Wilkes |
|---|---|
| Middle | H.B. Lee |
| High | Reynolds |
Additional Information
| Date Listed | March 7th, 2024 |
|---|---|
| Days on Market | 59 |
| Zoning | SC |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 6.31 |
Unit 1 Details
| Beds | 3 |
|---|---|
| Baths | 7 |
| Rent | $2,522 |
| Features | Dishwasher, Range, Refrigerator, WasherDryer |
Unit 2 Details
| Beds | 3 |
|---|---|
| Baths | 2 |
| Rent | $2,295 |
| Features | Dishwasher, Range, Refrigerator, WasherDryer |
Unit 3 Details
| Beds | 3 |
|---|---|
| Baths | 2 |
| Rent | $2,295 |
| Features | Dishwasher, Range, Refrigerator, WasherDryer |
Unit 4 Details
| Beds | 3 |
|---|---|
| Baths | 2 |
| Rent | $2,195 |
| Features | Dishwasher, Range, Refrigerator, WasherDryer |
Listing Details
| Office | Georgetown Realty Inc. |
|---|---|
| Contact Info | accounting@gtrealty.com |