480 NE 18TH ST

Gresham, OR 97030

$619,000

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… Read MoreRead Less

Listing courtesy of Realty One Group Prestige.

Listing Snapshot

Days Online

Last Updated

Oct 18, 2026

Square Ft.

2,610

Lot Size

0.19 Acres

Year Built

1978

MLS Number

433997688

30 Days Snapshot Of 97030

$417k

-2%

(avg) sold price

homes sold

-18%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Basement

Basement: CrawlSpace

Building

Building Area Total: 2610, Built in 1978, Storage: Garage, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2

Disclosures

Disclosures: Disclosure

Expenses

Operating Expense: $12,767

Exterior Features

Exterior Description: CementSiding

Foundation

Foundation Details: ConcretePerimeter

Garage

Garage Spaces: 2

Heating

Heating: ForcedAir95Plus

Income

CAP Rate: 5.26, Gross Income: $45,300, Gross Rent Multiplier: 13.66, Net Operating Income: $32,533

Lot

Features: Level, Size Acres: 0.19, Size Range: SqFt7000to9999, Size Square Feet: 8,276, Size: 7,000 to 9,999 SqFt

Miscellaneous

Investor Information: AccordingToOwner

Parking

Features: Driveway, Garage, 4 total parking spots

Property

Number Of Units Total: 2, Property Condition: UpdatedRemodeled, Zoning: LDR-5

Roof

Roof: Composition

Security Features

Features: Sidewalk

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $6,887, Legal Description, Tax Year: 2025

Unit One

Actual Rent: $1,850, Area: 1305, Features: Dishwasher, Range, Refrigerator, WasherDryerHookup, Units Total: 1, 2 total bathrooms, 3 total bedroom

Unit Two

Actual Rent: $1,925, Area: 1305, Features: Dishwasher, Range, Refrigerator, WasherDryerHookup, Units Total: 1, 2 total bathrooms, 3 total bedroom

Utilities

Fuel Description: Electricity, Gas, Hot Water Description: Gas, Water Source: PublicWater

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

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 eXp Realty, LLC are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Oct 18, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Oct 18, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Find My Dream Home

Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.

Preferred neighborhoods *

- First Name *
- Last Name *
Email *
Phone

I agree to receive a marketing communication via voice call, AI voice call, text message or similar automated means from Jamie Meushaw. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy *

Menu

480 NE 18TH ST

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send