Financial
Distress signals
Property profile

1640 162nd Ave Portland, OR 97233

OFF-MARKET
Other apartment buildings
Property ID
US71-1807972
24,892 SF 1.41 ac lot Built 1974
Last sale Apr 2024 · $3,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a 28-unit apartment community located at 1640 SE 162nd Ave in Portland, Oregon 97233. Constructed in 1974, it includes a mix of one-, two-, and three-bedroom apartment homes. Each unit is equipped with an individual air conditioning (AC) unit, and the three-bedroom residences provide washer/dryer hookups. The property includes off-street parking and is situated adjacent to Verdell Burdine Rutherford Park, with access to SE 162nd Avenue, a major thoroughfare in the metro area.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$39k
Tax billed · 2023
Assessed value$1.71M
Effective rate2.25%

Value estimate

· Sep 2026
$3.60M
$3.24M – $3.96M
AI approach$3.60M
CAP approach$4.92M
Submarket $/SF estimate$4.20M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$197/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$132 – $266

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R3
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency28.4
Law Firm24.9
Gym & Fitness13.8

Location

1640 162nd Ave Portland, OR 97233-4059
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17440 Burnside, Portland, OR 97233-4554 $3,300,000 Feb 2026 21,504 SF
768 193rd, Portland, OR 97233-5784 $5,000,000 Nov 2023 21,300 SF
1010 122nd, Portland, OR 97233-1157 $3,170,000 Sep 2022 19,064 SF
208 148th, Portland, OR 97233-2814 $3,100,000 May 2022 27,054 SF
16047 Burnside, Portland, OR 97233-3550 $3,290,000 Apr 2022 24,620 SF
14302 Burnside, Portland, OR 97233-2138 $4,477,500 Jan 2021 30,720 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1640 162nd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message