480 NE 18th St, Gresham, OR 97030

Gresham
Local realty services provided by:Knipe Realty ERA Powered
480 NE 18th St,Gresham, OR 97030
$619,000
  • - Beds
  • - Baths
  • 2,610 sq. ft.
  • Multi-family
  • Active
Listed by: jules williamson
Office: realty one group prestige503-205-0614
MLS#:433997688
Source:PORTLAND

Price summary

  • Price:$619,000
  • Price per sq. ft.:$237.16

About this home

Investors, take notice! This spacious duplex offers strong rental appeal, substantial recent improvements and opportunity for future income growth with two well-sized 3-bedroom units. Both units are currently rented below their potential, creating an opportunity to increase rents and improve future cash flow. Each unit offers 3 bedrooms, 1.5 baths and 1,305 sq ft, along with a one-car garage, large fenced backyard and driveway parking for two vehicles. There is also additional space suitable for RV parking—an attractive tenant amenity. Significant capital improvements are already in place, including new high-efficiency electric furnaces, new HardiePlank siding, new windows and a new roof. One unit features new LVP flooring, while the other has new engineered hardwood flooring, reducing near-term capital improvement needs. Both units are occupied by month-to-month tenants who would like to stay, providing immediate rental income with potential to minimize turnover and leasing costs....

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Home facts

  • Year built:1978
  • Subdivision & Development:NORTH CENTRAL
  • Listing ID #:433997688
  • Added:4 day(s) ago
  • Updated:October 22, 2026 at 12:02 PM

Rooms and interior

  • Basement Description:Crawl Space
  • Living area:2,610 sq. ft.

Heating and cooling

  • Heating:Forced Air 90+

Structure and exterior

  • Roof:Composition
  • Year built:1978
  • Building area:2,610 sq. ft.
  • Lot area:0.19 Acres
  • Lot Features:Level
  • Foundation Description:Concrete Perimeter
  • Levels:2 Stories

Schools

  • High school:Gresham
  • Middle school:Clear Creek
  • Elementary school:Highland

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$619,000
  • Price per sq. ft.:$237.16
  • Tax amount:$6,887 (2025)

Parking

  • Total parking spaces:4
  • Parking description:Driveway, Garage
  • Garage spaces:2
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: October 22, 2026

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