About 162nd Powell
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.
Features of 162nd Powell
| MLS® # | 267233612 |
|---|---|
| Price | $1,295,000 |
| Bathrooms | 0.00 |
| Acres | 1.42 |
| Type | Land |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 162nd Powell |
|---|---|
| Area | 143 - Portland Southeast |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97236 |
Amenities
| Utilities | Sewer Connected, Water Connected |
|---|---|
| View | Trees/Woods |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Corner Lot, On Busline, Cleared |
|---|
School Information
| Elementary | Powell Butte |
|---|---|
| Middle | Centennial |
| High | Centennial |
Additional Information
| Date Listed | July 17th, 2025 |
|---|---|
| Days on Market | 107 |
| Zoning | RM1 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Vitality Home Realty |
|---|