Gladstone Duplex
17788 Webster Road Gladstone, OR 97027
For Sale
$1,425,000
Three duplex buildings totaling six units on a 0.69-acre lot in Gladstone, Oregon.
Property Size7,184 SF
Lot Size0.69 Acres
Price / SF$198.36
Days on Market193
Property Features for 17788 Webster Road
General Information
- Standard status
- Active
- Size
- 7,184 SF
- Lot size
- 0.69 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1971
Listing Agency:
LUXE Forbes Global Properties
(503) 389-2112
Listed By:
Steve Odermann · License #201209382
(503) 389-2112
Source:
Compass
Added: Jan 11
Changed: Jul 23
Last Checked: Jul 23 at 12:06PM
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 LUXE Forbes Global Properties
Investment Insights
Based on property information with market context.
This offering includes three duplex buildings totaling six residential units in Gladstone, Oregon. The rentable space is described as 7,184 square feet across suburban-style layouts. The unit mix includes two 2-bedroom/1-bath units and four 3-bedroom/2-bath units.
The property is located near downtown Gladstone and the Clackamas River, with access to parks, schools, local amenities, and regional connectivity via I-205. The listing also notes limited competing inventory and historically low turnover in the area.
Tax parcels are identified as 00506303, 00506287, 00506296, and 00505812.
The property is located near downtown Gladstone and the Clackamas River, with access to parks, schools, local amenities, and regional connectivity via I-205. The listing also notes limited competing inventory and historically low turnover in the area.
Tax parcels are identified as 00506303, 00506287, 00506296, and 00505812.
Key Highlights
- Three duplex buildings totaling 6 units on a 0.69‑acre lot in Gladstone, Oregon
- Unit mix: two 2BD/1BA units and four 3BD/2BA units
- 7,184 sq ft of rentable space across suburban layouts
Financial Insights For Apartment 5plus
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 | $176.7k | $24.60 |
| − Vacancy | −$9.0k | −$1.25 |
| EGI | $167.7k | $23.35 |
| − OpEx | −$75.5k | −$10.51 |
| NOI | $92.2k | $12.84 |
7,184 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,242 @ 7.0% cap · market cap 6.47%
Second Best
Multifamily LT 5
$1.29M
$1.13M – $1.50M
NOI $90,239 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,740 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Apartment building - Three duplex buildings totaling six units on a 0.69-acre lot in Gladstone, Oregon.
Where is this apartment building located?
The property is located at 17788 Webster Road Gladstone, OR.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Three duplex buildings totaling 6 units on a 0.69‑acre lot in Gladstone, Oregon; Unit mix: two 2BD/1BA units and four 3BD/2BA units; 7,184 sq ft of rentable space across suburban layouts
