Check out this fully rented duplex for sale in the Centennial neighborhood. Units rent for $1675 and $950 on a month to month contract with long term tenants. No worries with this property as it recently passed the City of Gresham's rental inspection process ( new roof, HVAC and water heater, separate electrical panels, check out list of improvements made since 2018) and is fully licensed! Add this property to your portfolio and enjoy an income of $2525 a month, that's a 7.93% cap rate!
Off market
$526,500
18700/04 -1 Se Clinton St, Gresham, OR 97030
5beds
2,464sqft
MultiFamily
Built in 1962
-- sqft lot
$526,500 Zestimate®
$214/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air, Gas
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Washer
Features
- Fireplace, Dishwasher, Refrigerator, Hardwood Floors, Range, Washer/Dryer
- Flooring: Hardwood
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,464 sqft
Property
Lot
- Features: Level
Details
- Zoning: LDR-7
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1962
- Major remodel year: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Entry
Location
- Region: Gresham
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Forced Air, Natural Gas
- HeatingYN: true
- NumberOfUnitsTotal: 2
- CurrentFinancing: Conventional, Cash
- Roof: Composition
- StoriesTotal: 2
- NumberOfUnitsInCommunity: 2
- LotFeatures: Level
- YearBuiltEffective: 1962
- Zoning: LDR-7
- ParkingFeatures: Paved
- InteriorFeatures: Fireplace, Dishwasher, Refrigerator, Hardwood Floors, Range, Washer/Dryer
- GrossIncome: 31500
- View: Trees/Woods
- ViewYN: Yes
- CapRate: 7.93
- MlsStatus: Pending
- OperatingExpense: 6167
- SecurityFeatures: Entry
Services availability
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Estimated market value
$526,500