Nestled in a quiet Gresham cul-de-sac, this triplex presents an exceptional opportunity for both investors and owner-occupants. Each unit offers a private entrance, outdoor space, and individual washer & dryer hookups, providing convenient, self-contained living. Two of the three units have been updated, and all units include all kitchen appliances. With designated parking for each unit, residents will appreciate both comfort and convenience. Whether you're looking to expand your portfolio or live in one unit while renting out the others, this versatile property offers flexibility and tremendous potential for income generation!
Heavy Industrial zoned opportunity on a large 0.51-acre fully fenced and paved lot with three structures: a grandfathered residential house/duplex and office, a 5-bay mechanic garage, and an additional garage. The current tenant is Magic City Garage, specializing in performance tuning and mechanical repairs with a lease in place with 15 months remaining. Strong local synergy with other repair shops enhances lease stability and ensures optimal use of the space. The lease outlines minimal landlord responsibility.
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.
Unicorn in the heart of Gresham! Rare triplex with 3, 2-bedroom, 1-bathroom units (800 sq ft each) conveniently located near shopping, dining, and public transit. This well-maintained property features a recently remodeled units, complete with luxury vinyl plank flooring. All units are fully leased as of October 2024. Income and expenses are estimated for 2024. Please do not disturb tenants. This well-maintained property offers a unique investment opportunity or a perfect living arrangement for multi-generational families.
GET 2 HOMES PLUS A SHOP that includes a studio apartment with this unique investment opportunity. Nestled on .67 acres, this versatile property offers two homes and a large shop, making it an incredible rental property or multigenerational living opportunity. The main house offers 1200 square feet plus additional unfinished basement. It features 2 beds, 1 bath and a bonus room upstairs. The spacious, fully fenced backyard offers ample space for outdoor enjoyment. The second home on the property is approximately 640 square feet. It includes 1 bed and 1 bathroom, providing a separate living space. The concrete patio in the back is ideal for relaxing and the storage shed adds extra convenience. Adding to the property's value is a substantial approx 1728 square foot shop with two bays, overhead storage, a bathroom plus an additional studio apartment upstairs. Seize this opportunity to invest in a rural gem with endless possibilities.
Nestled in the heart of Rockwood, this inviting duplex presents a blend of comfort, potential, and opportunity. With one unit currently tenanted at below-market value, there is ample room for growth in rental income, offering a promising avenue for investment returns. The other unit is newly leased at market value. Each unit showcases a thoughtful layout that maximizes living space, promoting a warm, welcoming atmosphere. Long term, reliable tenants ensure a smooth transition for new owners, with features including a private fenced backyard for leisure and relaxation, off-street parking for convenience, and in-unit washer and dryer hookups enhancing the functionality of each residence. Embrace the charm and investment potential of Rockwood with this duplex, where opportunity meets a vibrant community lifestyle. ***This property is eligible for a free 1% interest rate buydown when using our preferred lender. Please inquire.
Calling all investors!! Here's an exceptional chance to expand your portfolio. This single-level duplex features one side with 3 bedrooms and 1.1 baths, while the other side offers 2 bedrooms and 1 bath. Both units boast spacious yards and attached garages. New roof in 2022. Conveniently positioned within a cul-de-sac and close to a bus route for enhanced convenience. Please do not disturb tenants. Offers subject to interior inspection.
The median home value in Gresham, OR is $509,900. This is higher than the county median home value of $478,700. The national median home value is $338,100. The average price of homes sold in Gresham, OR is $509,900. Approximately 53.31% of Gresham homes are owned, compared to 42.12% rented, while 4.57% are vacant. Gresham real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Gresham real estate agent to arrange a tour today!
Gresham, Oregon has a population of 114,164. Gresham is less family-centric than the surrounding county with 30.93% of the households containing married families with children. The county average for households married with children is 31.66%.
The median household income in Gresham, Oregon is $61,826. The median household income for the surrounding county is $76,290 compared to the national median of $69,021. The median age of people living in Gresham is 36.8 years.
The average high temperature in July is 80.4 degrees, with an average low temperature in January of 33.8 degrees. The average rainfall is approximately 56.1 inches per year, with 3.3 inches of snow per year.