Somewhat Walkable

202 NE 162ND AVE

Portland, OR 97230


$429,000

Open House Dates

MULTIFAMILY
3,342 sqft
MLS
17144679
Income potential - move in ready. Don't miss out on this fantastic investment opportunity in NE Portland.Zoned Multi-family to build up to 18 units. New roofing, Kitchen cabinets and floor in unit 1. The units always rented quickly. Tenants appreciate the large paved off street parking and private out door areas. Great location close to restaurant, shopping and public transportation.
Hasson Company Realtors

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Property Details
Price
$429,000
Square Feet
3,342
Year Built
1941
Garage Spaces
4
No. Units
2
Location
Subdivision:
ROCK WOOD
County:
Multnomah
Status:
Active
Estimated Taxes:
$3,185
Listing Office:
Georgetown Realty Inc.
Listing Last Updated:
December 8, 2017 5:03 PM
Schools
Elementary
Wilkes
Middle
H.B. Lee
High
Reynolds

 Interior
Interior
Heating
Forced Air
Fuel
Electricity
Hot Water
Electricity
Basement
Full Basement

 Exterior
Exterior
Basement
Full Basement
Roof Type
Composition
Description
T-111 Siding

 Lot & Land
Lot & Land
Zoning
SC
Sewer
Public
Water
Public
lot description
Level
Light Rail


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Gresham


Gresham is an extremely friendly community that provides residents a comfortable quality of life. Serving as a resting spot for early pioneers migrating to Portland, the area was simply known as Campground because of its heavily forested environment. In 1884, a post office was established in order to designate the area as a city, and was named after Postmaster General Walter Q. Gresham. The city wasn’t officially incorporated until 1905. Surrounding neighborhoods include Fairview, Troutdale, Boring and Sandy.

 

VIBE AND STYLE

Due to a high rate of growth over the past 20 years, Gresham has evolved from a quaint farming community to a bustling urban center. As the fourth largest city in Oregon, with a diversity-embracing atmosphere, the area attracts young professionals and families alike. You’ll find hardworking residents actively participating in community events that support local businesses and schools.

Gresham has a wide variety of home styles, sure to fit the needs and tastes of almost anyone. Ranging from modern sprawling estates to modest single family homes, architectural styles include single and split level, bungalow, ranch, townhomes and new construction condos.

 

LOCAL SCENE

The picturesque, historic downtown has a combination of local shops, restaurants and businesses. The streets are lined with trees and lush flower baskets hanging from lampposts, invoking the charisma of a small town amidst a bustling city. Each month, the city’s Third Thursday event entertains locals and provides an opportunity for patrons to indulge in great food, wine and music. For a traditional shopping experience, look no further than Gresham Station. With over 50 national stores, boutiques and restaurants, it’s a great destination to spend the day.   

 

OUTDOOR SANCTUARY

There are plenty of year-round outdoor and recreational activities right in Gresham’s own backyard. Mt. Hood, famous for its skiing and snowboarding, is located less than an hour away, and also provides cross-country skiing, snowmobiling, snowshoeing and inner-tubing. For warmer seasons, dozens of campgrounds are a short drive away, and range from tent-only to full-service sites with boat launches and equestrian facilities.



Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.

Assessments are monthly fees such as Home Owners Association(HOA) Fees etc... Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.

Information deemed reliable but subject to change without notice. Qualified buyers only, subject to credit approval. This is not a commitment to lend. Consumer Loan License NMLS-3240, CL-3240.


In association with our #1 preferred local lender, Directors Mortgage, Hasson Company, Realtors® is able to provide a full spectrum of financial services, from online pre-approval to offering a guiding hand throughout the entire home buying process.


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Listing Courtesy of

Georgetown Realty Inc.

The 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 brokerage firms other than Hasson Company, Realtors® are marked with the IDX logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2015 RMLS™, Portland, Oregon.This property was last updated: December 8, 2017 5:03 PM

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