1546 NE CLEVELAND Ave, Gresham, OR 97030
MULTI_FAMILY - Gresham, OR
- Added:
- Apr 30, 2026
- Days on Market:
- 59
- Last Refresh:
- Jun 27 at 2:06 am
Property Features for 1546 NE CLEVELAND Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MDR-24
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bathroom 5, Bedroom 4, Bedroom 3, Bedroom 7, Bathroom 3, Bathroom 4, Bedroom 8, Bedroom 2, Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 2, Bathroom 7, Bathroom 6, Bathroom 8
- Standard status
- Active
- APN
- R511989
- Size
- 3,840 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Description
- PARTITION PLAT 2001-87, LOT 2
- Tax Annual Amount
- 9612
Building Details
- Year built
- 2003
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Composition
Listing agent Sally Olsson (503) 679-7980
Listing office Real Broker 2175 NW Raleigh Street, ste 110, Portland, OR (855) 450-0442
Listing date Apr 30, 2026
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully leased 4‑unit multifamily asset with immediate cash flow
- Each unit has 2 bedrooms and 1.5 bathrooms with 960 SF per unit
- In‑unit washer and dryer in every unit
- Private outdoor space for each unit: decks for upper units and patios for lower units
- Built in 2003 with a composition roof; roof replacement about 1 year ago
- Nearby to Historic Downtown Gresham, Gresham Station, parks, and MAX Blue Line (Walk Score 75, Bike Score 79, Transit Score 56)
Overview
The building is located in Gresham near Historic Downtown Gresham and Gresham Station, with proximity to parks and the MAX Blue Line. Walk Score is reported at 75, Bike Score at 79, and Transit Score at 56, supporting tenant convenience for everyday needs and commuting.
For investors or operators, the key appeal here is the fourplex structure with in-unit laundry and private outdoor space across all units, combined with the stated fully leased status. This configuration can suit buyers looking for a straightforward, maintenance-conscious income property where unit amenities and separate living layouts are already in place.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.0k | $19.80 |
| − Vacancy | −$3.2k | −$0.83 |
| EGI | $72.8k | $18.97 |
| − OpEx | −$21.9k | −$5.69 |
| NOI | $51.0k | $13.28 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gresham
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.420065
- Latitude
- 45.508401
