A SOLID Investment property! Cap rate of 5.57% with a very low vacancy rate of 1%. This desirable property is a townhome style duplex with a great functional floorplan. A smart addition to your investment portfolio. The seller is the original owner. It has been well cared for inside and out. Each unit has 3 good size bedrooms, 2.5 baths, wall to wall carpet, newer roof 10/2018, newer LVP floors (4038)-2022 & vinyl floors in 2018 (4048) for easy care and maintenance. The open floor plan is ideal. Kitchens include a double sink, breakfast bar and all appliances for both units. The slider just of the dining area, gives easy access to a private patio & fenced backyard perfect. Six New LED front security lights provide ample light at night. The vinyl siding makes your maintenance and upkeep a breeze. On a bus line and less than a mile for shopping, dining & parks makes this a perfect location. Easy access to I84. Photos of unit 4048 were taken prior to the tenant move in and 4038 were taken in June of 2024.
Sold
$622,900
4038 SE Powell Valley Rd, Gresham, OR 97080
6beds
2,460sqft
Multi Family
Built in 2001
-- sqft lot
$624,000 Zestimate®
$253/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: December 27, 2024 at 05:12am
Listed by:
Tami Liesy 503-388-1881,
Keller Williams PDX Central
Bought with:
Brent Ryder, 200903013
The Broker Network, LLC
Source: RMLS (OR),MLS#: 24463018

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 14
- Full bathrooms: 4
- Partial bathrooms: 10
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator, Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 2,460
- Total interior livable area: 2,460 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Off Street
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 7,405 sqft
- Features: Level, On Busline, Trees, SqFt 7000 to 9999
Details
- Parcel number: R239833
- Zoning: LDR-7
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 2001
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Security Lights
Location
- Region: Gresham
- Subdivision: Kelly Creek
HOA & financial
Other financial information
- Total actual rent: 4190
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Services availability

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Estimated market value
$624,000