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$415,000   Price Analysis
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18427 SE Yamhill St
Gresham, OR 97233
4 bed 2 bath 1,680 SqFt ($247/SqFt)
Built 1948
Listed 2024-04-11, Taxes $3,186
Ⓧ USDA Ineligible
due to location

near Gresham

Nestled in the heart of Rockwood

This inviting duplex presents a blend of comfort, potential and opportunity. With ne 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 vacant, perfect for owner-occupant buyers or investors aiming to capitalize on its healthy potential rent.

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 investm ent potential of Rockwood with this duplex, where opportunity meets a vibrant community lifestyle.


Presented by Zayda Arzen at
eXp Realty, LLC.


Property MLS #24648254 from RMLS

Bedrooms: 4

Full Bathrooms: 2

Storage: Deck, IndividualStorageUnits

Heating Features: WallFurnace
Heating: Yes
Water Heaters: Gas

Basement Description: CrawlSpace

Lot Description: CornerLot, Level, Trees

Road Surface Type: Paved

Parking Features: OffStreet

Elementary School: Alder
High School: Reynolds
Middle School: Reynolds

Alder Elementary School is a public elementary school located approximately 0.6 miles away.
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Reynolds Middle School is a public middle school located approximately 1.4 miles away.
directions icon Map directions

Reynolds High School is a public high school located approximately 3.5 miles away.
directions icon Map directions

Portland Lutheran School is a private elementary, middle and high school located approximately 0.1 miles away.
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Gross Income: 34740
Rent Includes: Sewer, Water

Number of Units: 2
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1

Calculated Total Monthly Association Fees: 0

LotSizeRange: SqFt7000to9999
Annual Tax Amount: 3267.440000000
Source Listing Status: Active
County: Multnomah
Cap Rate: 7.11
Directions: 182ND TO YAMHILL ON LEFT AT 184TH
Tax Year: 2022
Source Property Type: MultiFamily
Source Neighborhood: Rockwood
Parcel Number: R153581
Subdivision: Rockwood
Zoning: RTC
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$182,000
$3,186
2021$unknown + $unknown
$176,700
$3,107
2018$unknown + $unknown
$161,720
$2,759
2017$unknown + $unknown
$157,010
$2,669
2016$unknown + $unknown
$152,440
$2,554
2015$unknown + $unknown
$148,000
$2,480
2014$unknown + $unknown
$143,690
$2,396
2013$unknown + $unknown
$139,510
$2,329
2012$unknown + $unknown
$136,590
$2,260
2011$unknown + $unknown
$135,490
$2,211
2010$unknown + $unknown
$131,550
$2,132
2009$unknown + $unknown
$127,720
$2,076
2008$unknown + $unknown
$124,000
$2,041
2007$unknown + $unknown
$120,390
$1,992

Price Changed 2024-05-23
$415,000
RMLS
Price Changed 2024-05-06
$425,000
RMLS
Listed 2024-04-11
$445,000
RMLS
Listing removed 2024-03-01
$449,999
RMLS
Price Changed 2024-01-20
$449,999
RMLS
Price Changed 2024-01-18
$0
RMLS
Price Changed 2023-12-02
$449,999
RMLS
Price Changed 2023-09-15
$499,999
RMLS
Listed 2023-08-15
$549,999
RMLS
Listing removed 2016-02-25
$299,950
RMLS
Relisted 2016-01-02
$299,950
RMLS
Listing removed 2016-01-01
$299,950
RMLS
Price Changed 2015-11-06
$299,950
RMLS
Price Changed 2015-08-26
$324,999
RMLS
Listed 2015-07-09
$335,000
RMLS
Sold 2004-11-08
$159,500
Public Record
Sold 2002-10-15
$60,000
Public Record
Sold 1995-08-09
$75,000
Public Record

Net Operating Income: 29500
Operating Expense: 5240

Year Built: 1948
Building Area Total: 1680
Building Exterior Type: LapSiding, WoodSiding
Foundation Details: ConcretePerimeter
Property Age: 76
Property Condition: Approximately
Roof: Composition
Levels or Stories: 1

Sewer: PublicSewer
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.