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28-Unit Apartment Building
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1640 SE 162nd Ave, Portland, OR 97233

Established multifamily property with one-, two-, and three-bedroom floor plans, individual AC, and off-street parking.

Property SizeContact for details
Days on Market143

Property Features for 1640 SE 162nd Ave

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Road Access Yes
Multifamily Units 28

Amenities

washer/dryer hookups
individual AC unit

Building Details

Year Built 1974
Listing Agency: HFO Investment Real Estate
Listed By: Rob Marton · License #OR 200303172
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 11:37PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HFO Investment Real Estate

Investment Insights

Based on property information with market context.

This 28-unit apartment community at 1640 SE 162nd Ave in Portland, Oregon, was constructed in 1974 and offers a mix of one-, two-, and three-bedroom residences. Each apartment includes an individual AC unit, while three-bedroom homes also provide washer/dryer hookups. Off-street parking serves the property.

The community sits adjacent to Verdell Burdine Rutherford Park and near SE 162nd Avenue, a main thoroughfare for travel throughout the metro area. The address is in Portland, OR 97233.

Key Highlights

  • 28‑unit apartment community built in 1974
  • One-, two-, and three‑bedroom apartment mix
  • Individual AC unit in every apartment

Property Analytics

Current Use

Villa 162 Apartments Adult Dvd Store

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Building Supply HVAC Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

28
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

559
Businesses Nearby

Demographics for 97233, OR

41,625
Population
14,844
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
9,049
Density / Sq Mi
$54,886
Median Household Income
$37,216
Median Earnings
$1,352
Median Rent
$385,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Established multifamily property with one-, two-, and three-bedroom floor plans, individual AC, and off-street parking.
Where is this apartment building located?
The property is located at 1640 SE 162nd Ave Portland, OR.
What are key features of this property?
This property features: 28‑unit apartment community built in 1974; One-, two-, and three‑bedroom apartment mix; Individual AC unit in every apartment
(503) 241-5541 Call to check price and availability
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