Two-Unit Duplex with
1080 NE COCHRAN Dr, Gresham, OR 97030
For Sale
New
$555,000
MultiFamily, Gresham, OR
Property Size1,702 SF
Lot Size0.19 Acres
Price / SF$326.09
Days on Market3
Property Features for 1080 NE COCHRAN Dr
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
range and refrigerator
mini-split heating and cooling
garage storage
fireplace
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
John L. Scott Sandy
(503) 826-9000
Listed By:
Marie OHara · License OR #201258431
(503) 577-0757
Added: Nov 11
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 687993008
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.
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Investment Insights
Based on property information with market context.
This single-level duplex contains two 2-bedroom, 1-bath residences, each measuring approximately 851 square feet. Both units have a range, refrigerator, and mini-split heating and cooling. Garage storage serves the property, and one residence includes a fireplace. The building was constructed in 1970 and sits on a 0.19-acre lot in Gresham, Oregon.
The property is zoned LDR-7. Its two-unit configuration and individual living spaces define the physical layout.
The property is zoned LDR-7. Its two-unit configuration and individual living spaces define the physical layout.
Key Highlights
- Two 2‑bedroom, 1‑bath units, approximately 851 square feet each
- Single‑level duplex with 1,702 square feet total building area
- 0.19‑acre lot in Gresham, Oregon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,599
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,980
$452.0K
Cap Rate 7%
$322,843
$322.8K
Cap Rate 9%
$251,100
$251.1K
Market Conditions
NOI Build-Up for 1,702 SF
Gross rent
$33.7K $19.80/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$32.3K $18.97/SF
− OpEx
−$9.7K −$5.69/SF
NOI
$22.6K $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 Rate 5%
$451,980
Cap Rate 7%
$322,843
Cap Rate 9%
$251,100
Alternative Uses
Best Use
Multifamily LT 5
$322.8K
$282.5K – $376.7K
NOI $22,599 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$290.2K
$254.0K – $338.6K
NOI $20,316 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$388.9K
$340.3K – $453.8K
NOI $27,225 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
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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
$418,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Gresham, OR
Properties on Market for Duplexes in Gresham
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a two-bedroom, one-bath layout, mini-split heating and cooling, and a range and refrigerator.
Where is this duplex located?
The property is located at 1080 NE COCHRAN Dr Gresham, OR.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units, approximately 851 square feet each; Single‑level duplex with 1,702 square feet total building area; 0.19‑acre lot in Gresham, Oregon
