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Foris Real Estate, brokered by eXp Realty
480 NE 18TH ST, Gresham, OR 97030
- $619,000
- 2,610
- SqFt
- List Price
- $619,000
- Days on Market
- 1
- MLS#
- 433997688
- Property Type
- Multifamily
- Sqft. of Residence
- 2,610
- Lot Size
- 7, 000 to 9, 999 SqFt
- Region
- Gresham, Sandy, Troutdale, Corbett
- Status
- ACTIVE
Property Description
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. Current rents offer room for future increases. Conveniently located near shopping, bus lines and schools, this property offers investors a compelling combination of existing income, rent-growth potential, quality improvements and long-term value-add opportunity. Whether you're looking for an investment with rent upside, or an owner-occupied opportunity with durable improvements and future value-add potential, this duplex deserves a closer look!
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Additional Information
- Tax Amount
- $6,887
- Year Built
- 1978
- High School
- Gresham
- Elementary School
- Highland
- Middle School
- Clear Creek
- Garage Spaces
- 2
- Acres
- 0.19
- Living Area
- 2,610
- Stories
- 2
- Subdivision
- NORTH CENTRAL
- Terms
- Cash, Conventional, FHA
- Fuel Description
- Electricity, Gas
- Heating Description
- Forced Air - 95+%
- Hoa Rent Includes
- Trash Collection, Water
- Hot Water Description
- Gas
- Exterior Description
- Cement Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- View
- Territorial
- Parking
- Driveway, Garage
- Security Or Entry
- Sidewalk
- Parking Description
- Driveway, Garage
- Road Surface
- Paved
- Number Of Units Total
- 2
- Unit Type One Baths Total
- 2
- Unit Type One Beds Total
- 3
- Unit Type One Rent
- 1850
- Unit Type One Sq Ft
- 1305
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 2
- Unit Type Two Beds Total
- 3
- Unit Type Two Units Total
- 1
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Listing courtesy of Realty One Group Prestige.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.