$619,000

480 Ne 18TH St, Gresham, OR 97030

2,610 sqft

Multi-Family Home
Built in 1978
8,276sqft lot
2 car garage
$237/sqft
Listed 3 days ago

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!

Listing Status:: Active
Date Added:: October 17, 2026
Data Last Updated:: October 20, 2026 at 3:42PM
Listing Office:: Realty One Group Prestige : 503-205-0614
Listing Agent:: Jules Williamson : 503-498-8123
MLS ID:: 433997688

Basement: Crawl space
Heating: Forced air 95 plus

General: Cement siding
Parking: DrivewayGarageParking spaces: 4

Roofing: Composition
General: Concrete perimeter

Road/Access: Paved
Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: LDR-5WY EASTBLOCK 3LOT 2R313648
View: View

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Jules Williamson , Realty One Group Prestige

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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