202 Ne 162ND Ave, Portland, OR 97230

Property Description

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 & 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.

Listing Status:

Active

Date Added:

August 27, 2025

Data Last Updated:

August 6, 2026 at 1:40AM

Listing Office:

Acquire Properties : 503-249-1903

Listing Agent:

Wally Tesfa : 503-267-7586

MLS ID:

149278024

Interior

• Basement: Full basement
• Heating: Forced air

Exterior

• General: T 111 siding
• Parking: Garage

Construction

• Roofing: Composition

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Multnomah

Lot

• Zoning: SCBEAVER ACS 90' OF W 195' OF LOT 25 EXC PT IN STR113321

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.