Discover the potential of this charming 2-bedroom

Single-level midcentury 4-plex! Recently updated with f resh exterior paint in stylsh period colors, each unit offers a big private fenced backyard, a convenient carport with additional storage and a modern ductless heat pump for efficient heating and cooling.

This property is perfect for those seeking growth and investment opportunities. PLEASE DO NOT DISTURB TENANTS.

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on 18918 NE Glisan St
in Gresham, OR
Presented by Cindy Somsanith at
Farrell Realty & Property Management.


Property MLS #24544033 from RMLS

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 8

+ Heating and Cooling

Cooling Features: MiniSplit
Heating Features: MiniSplit, Zoned
Heating Fuel: Electricity
Heating: Yes
Water Heaters: Electricity

+ Bathrooms

Full Bathrooms: 4

+ Interior Features

Storage: Attached, IndividualStorageUnits

+ Other Rooms

Basement Description: CrawlSpace

+ Land Info

Lot Description: Level
Lot Size Acres: 0.52
Lot Size Square Feet: 22651

+ Garage and Parking

Parking Features: Carport
Parking Total: 4

+ School Information

Elementary School: Davis
High School: Reynolds
Middle School: Reynolds
+ Display Complete School Details

Davis Elementary School is a public elementary school located approximately 0.3 miles away.
Map directions

Reynolds Middle School is a public middle school located approximately 0.8 miles away.
Map directions

Reynolds High School is a public high school located approximately 3.2 miles away.
Map directions

Academy of Alternatives is a private elementary, middle and high school located approximately 0.6 miles away.
Map directions

+ Rental Info

Gross Income: 66180
Gross Scheduled Income: 81360
Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

+ Multi-Unit Info

Number of Units: 4
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1

+ Amenities and Community Features

Community Features: Commons, FrontYardLandscaping

+ Other Property Info

LotSizeRange: SqFt20000toAcres1
Annual Tax Amount: 4780.720000000
Source Listing Status: Active
County: Multnomah
Cap Rate: 4.85
Directions: 189th & Glisan
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: ROCKWOOD
Parcel Number: R268437
Subdivision: ROCKWOOD
Zoning: LDR
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$unknown + $unknown $266,300	$4,662
2021	$unknown + $unknown $258,550	$4,547
2020	$unknown + $unknown $251,020	$4,254
2019	$unknown + $unknown $243,710	$4,078
2018	$unknown + $unknown $236,620	$4,037
2017	$unknown + $unknown $229,730	$3,906
2016	$unknown + $unknown $223,040	$3,736
2015	$unknown + $unknown $216,550	$3,628
2014	$unknown + $unknown $210,250	$3,506
2013	$unknown + $unknown $198,500	$3,314
2012	$unknown + $unknown $167,300	$2,768
2011	$unknown + $unknown $199,140	$3,251
2010	$unknown + $unknown $204,130	$3,308
2009	$unknown + $unknown $198,190	$3,222
2008	$unknown + $unknown $192,420	$3,167
2007	$unknown + $unknown $186,820	$3,092

+ Reveal Property Sale History

Listed 2024-06-14
$749,950
RMLS

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Sold 2023-05-10
$605,000
RMLS

+ Commercial Info

Net Operating Income: 36399
Operating Expense: 29781

+ Building and Construction

Year Built: 1964
Building Exterior Type: WoodSiding
Foundation Details: ConcretePerimeter
Property Age: 60
Property Condition: Approximately
Roof: Flat

+ Utilities

Sewer: PublicSewer
Water Source: PublicWater