$499,900
Turnkey Gresham Duplex: Two Units, Two Garages, One great Corner Lot! Clean, well-maintained duplex in a great neighborhood location, home to long-term residents. This is an excellent first-time investment opportunity in Gresham's Newell Park neighborhood, built in 1957, on a .19-acre corner lot. Two 2-bed/1-bath units, sharing one detached double garage with a divider wall giving each unit its own space, plus a walk-through door on the back unit's side for direct access. Six total off-street parking spaces (two garage, four driveway), giving each unit 3 tandem spaces, plenty of room for tenants and guests. Total 2,100 SF includes a 336 SF basement in the back unit, with potential to convert to a legal bedroom with a window well (buyer to verify).Both units are currently rented month-to-month. Separate gas and electric meters mean tenants cover their own gas and electric; owner covers water, sewer, and landscaping. The back unit has been refreshed with new LVP flooring, fresh interior paint, a gas range, and owner-provided washer/dryer and refrigerator, plus its own enclosed yard. The front unit is carpeted with washer/dryer hookups and an owner-provided refrigerator, and is home to a long-term tenant who's been in place for years, low turnover, reliable income.Roof has been well maintained, with roughly half replaced new in 2025. The property is zoned mixed use, opening the door to options beyond straight residential. Being on a corner lot means real visibility, exposure most duplexes this size just don't get.Financials: see MLS income data for full details. A solid, first-time investment opportunity with room to grow.Location does a lot of the work here too: a short drive to Mt. Hood Community College, close to Mt. Hood Medical Center, and right on a bus route. Call your agent, this one won't last at $499,900.
147490588
MLS
22222 SE ASH ST, Gresham
