162nd Powell, Portland, OR 97236 | MLS #267233612 | Berkshire Hathaway HomeServices Northwest Real Estate

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Listing provided courtesy of Vitality Home Realty- MLS# 267233612MLS Provider

162nd PowellPortland, OR 97236

Vacant Land · 1.42 Acres
$995,000 Active

162nd Powell Overview

Time on Site:
347 days
Visits:
1

The site consists of two tax lots and is zoned RM1 (ResidentialMulti-Dwelling). Currently, the only improvements on the site is a 1927 four-bedroom/two-bathroom 2,055 SF single family home, that is currently rented for $1,995, with a detached garage. The RM1 zoning allows a 1:1 FAR, or 1:1.5 FAR with bonus provisions, which would allow for up to 61,855- 92,782 SF of residential building area. With Portland looking to eliminate SDC fees for multifamily projects in the near future, the subject property would make an ideal project in a location with solid renter demographics.

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162nd Powell Facts & Features

  • Type Vacant Land
  • Lot 1.42 Acres

Details

General

School Information

  • Elementary School: Powell Butte
  • Middle Or Junior School: Centennial
  • High School: Centennial

Business Information

  • Current Use: Residential

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 143 - Portland Southeast

Tax Information

  • Tax Annual Amount: 13120.0

General Information

  • Disclosures: Exempt
  • Listing Terms: Cash,Conventional
  • Parcel Number: R334825
  • Property Sub Type: Multi Family
  • Property Type: Land
  • Zoning: RM1

Interior

Exterior

Lot Information

  • Lot Features: Cleared,Corner Lot,On Busline
  • Lot Size Acres: 1.42
  • Lot Size Square Feet: 61855.0
  • Road Surface Type: Paved

General Information

  • Other Structures: Garage(s),Residence
  • Utilities: SewerConnected,WaterConnected

162nd Powell Neighborhood

Community

97236 (Portland) Demographics

36
Median Age
5,124
Population Density (per sq. mile)
29%
College Educated
$52,428
Estimated Median Income
7,407
Estimated Total Home Owners
5,410
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

162nd Powell Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

162nd Powell Market Data

Based on the last 30 days in this zip code

$439,195
Average List Price
$244
Average Price per Square Foot
20
Properties Sold
103
Average Days on Market
150
Properties for Sale
Calculations provided by Reliance Network

162nd Powell History

Date Event Value Agent
5/2/2026Source: Regional MLS Price Reduction
$995,000 -23.2%
7/17/2025Source: Regional MLS Added to Database
July 17, 2025