Occupied Duplex Near
For Sale
$445,000
1760 SE 9TH ST, Gresham, OR 97080
Two occupied residential units provide an existing rental configuration near shopping, schools, parks, and public transportation.
Property Size1,734 SF
Days on Market33
Property Features for 1760 SE 9TH ST
General Information
Standard status
Active
Size
1,734 SF
Property subtype
MULTI_FAMILY
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,617
Building Details
Building Size
1,734 SF
Year Built
1966
Buildings
1
Listing Agency:
MORE Realty
(503) 593-0634
Listed By:
Yarina Romanyuk
(503) 593-0634
Source:
Eleeterealestate
Added: Jul 10
Changed: Aug 11
Last Checked: Aug 11 at 12:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MORE Realty
Investment Insights
Based on property information with market context.
This duplex at 1760 SE 9th St in Gresham, Oregon, contains two residential units, both occupied by tenants. The property was built in 1966 and offers an existing rental setup for an owner seeking a residential income property. Interior access is subject to offer acceptance to respect current occupants’ privacy.
The property is situated near shopping, restaurants, parks, schools, public transportation, and commuter routes. Its location supports convenient access to everyday services and transportation options while maintaining an established residential setting.
The property is situated near shopping, restaurants, parks, schools, public transportation, and commuter routes. Its location supports convenient access to everyday services and transportation options while maintaining an established residential setting.
Key Highlights
- Two‑unit duplex with both residences currently occupied
- Built in 1966
- Located near shopping, restaurants, parks, and schools
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
$23,024
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
5.17%
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%
$460,480
$460.5K
Cap Rate 7%
$328,914
$328.9K
Cap Rate 9%
$255,822
$255.8K
Market Conditions
NOI Build-Up for 1,734 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
$34.3K $19.80/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$32.9K $18.97/SF
− OpEx
−$9.9K −$5.69/SF
NOI
$23.0K $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%
$460,480
Cap Rate 7%
$328,914
Cap Rate 9%
$255,822
Alternative Uses
Best Use
Multifamily LT 5
$328.9K
$287.8K – $383.7K
NOI $23,024 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$295.7K
$258.7K – $345.0K
NOI $20,698 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$396.2K
$346.7K – $462.3K
NOI $27,737 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
Explore this area
Business Placement
Demographics for 97080, OR
45,647
Population
17,276
Households
2.6
Avg Household Size
38
Median Age
28%
College-Educated
90%
High-School Grad
21.6 sq mi
ZIP Area
2,113
Density / Sq Mi
$96,218
Median Household Income
$47,562
Median Earnings
$1,596
Median Rent
$485,000
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 - Two occupied residential units provide an existing rental configuration near shopping, schools, parks, and public transportation.
Where is this duplex located?
The property is located at 1760 SE 9TH ST Gresham, OR.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences currently occupied; Built in 1966; Located near shopping, restaurants, parks, and schools
