Updated Duplex
For Sale
$600,000
570 NW BIRDSDALE Ave, Gresham, OR 97030
MultiFamily, Gresham, OR
Property Size2,408 SF
Lot Size0.26 Acres
Price / SF$249.17
Days on Market61
Property Features for 570 NW BIRDSDALE Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LDR
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 3
View
Territorial
Elementary school
East Gresham
Middle school
Dexter McCarty
High school
Gresham
Directions
East on NW Division, Right on NW Birdsdale, House is on the left.
Subdivision
_144
Standard status
Active
APN
R338795
Size
2,408 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
SECTION 09 1S 3E, TL 12700 0.26 ACRES
Tax Annual Amount
5958
Legal Description
SECTION 09 1S 3E, TL 12700 0.26 ACRES
Amenities
covered backyard patio
Building Details
Year built
1956
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Modern Realty
(971) 340-6636
Listed By:
Alex Shevchuk
(503) 928-0543
Added: Jun 25
Changed: Aug 19
Last Checked: Aug 24 at 5:06AM
MLS# 157981669
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.
Investment Insights
Based on property information with market context.
This updated duplex property offers 2,408 square feet with five bedrooms, two full bathrooms, and a spacious family room. Renovations include the roof, interior and exterior paint, windows, kitchen, bathrooms, appliances, flooring, and fixtures. The 1956-built property also features new landscaping and a covered rear patio.
Set on a 0.26-acre lot in Gresham, the property includes a secondary driveway with room for additional parking or RV and boat storage. The site also has space identified for a potential ADU or shop. Nearby context includes downtown Gresham, shopping centers, restaurants, cafes, neighborhood parks, and access to HWY 26. Zoning is LDR.
Set on a 0.26-acre lot in Gresham, the property includes a secondary driveway with room for additional parking or RV and boat storage. The site also has space identified for a potential ADU or shop. Nearby context includes downtown Gresham, shopping centers, restaurants, cafes, neighborhood parks, and access to HWY 26. Zoning is LDR.
Key Highlights
- 2,408 square feet with 5 bedrooms and 2 full bathrooms
- Renovations include roof, windows, kitchen, bathrooms, flooring, appliances, and fixtures
- 0.26‑acre lot with new landscaping and a covered backyard patio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,973
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$639,460
$639.5K
Cap Rate 7%
$456,757
$456.8K
Cap Rate 9%
$355,256
$355.3K
Market Conditions
NOI Build-Up for 2,408 SF
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.
Gross rent
$47.7K $19.80/SF
− Vacancy
−$2.0K −$0.83/SF
EGI
$45.7K $18.97/SF
− OpEx
−$13.7K −$5.69/SF
NOI
$32.0K $13.28/SF
Area
Gresham, OR
Vacancy
4.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$639,460
Cap Rate 7%
$456,757
Cap Rate 9%
$355,256
Alternative Uses
Best Use
Multifamily LT 5
$456.8K
$399.7K – $532.9K
NOI $31,973 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$410.6K
$359.3K – $479.1K
NOI $28,743 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$550.3K
$481.5K – $642.0K
NOI $38,518 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 97030, OR
39,492
Population
16,500
Households
2.4
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,266
Density / Sq Mi
$61,793
Median Household Income
$40,352
Median Earnings
$1,604
Median Rent
$418,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated five-bedroom property with refreshed kitchens, bathrooms, finishes, landscaping, and flexible outdoor storage space.
Where is this duplex located?
The property is located at 570 NW BIRDSDALE Ave Gresham, OR.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,408 square feet with 5 bedrooms and 2 full bathrooms; Renovations include roof, windows, kitchen, bathrooms, flooring, appliances, and fixtures; 0.26‑acre lot with new landscaping and a covered backyard patio
