Three-Bedroom
18309 PORTLAND AVE, Gladstone, OR 97027
For Sale
$679,900
Each residence includes individual laundry hookups and an open kitchen-family room arrangement.
Property Size2,680 SF
Price / SF$253.69
Days on Market161
Property Features for 18309 PORTLAND AVE
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
laundry hookups
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Heins Real Estate LLC
Listed By:
Stephen Heins
(503) 707-5777
Source:
Wingsnwre
Added: Jun 7
Changed: Nov 7
Last Checked: Nov 13 at 8:03PM
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 Heins Real Estate LLC
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Investment Insights
Based on property information with market context.
Built in 2002, this duplex contains two residences, each with three bedrooms, an upstairs full bathroom, and a main-level half bathroom. Individual laundry hookups serve each unit, and the kitchen opens into the family room for connected living space.
The property is two lots from Gladstone City Hall and the Police Station, one block from Gladstone High School, and within walking distance of Main Street. Access to 99E/McLoughlin Boulevard is nearby.
The property is two lots from Gladstone City Hall and the Police Station, one block from Gladstone High School, and within walking distance of Main Street. Access to 99E/McLoughlin Boulevard is nearby.
Key Highlights
- Two residences, each with three bedrooms
- Each unit has an upstairs full bath and a main‑level half bath
- Individual laundry hookups in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,411
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,220
$688.2K
Cap Rate 7%
$491,586
$491.6K
Cap Rate 9%
$382,344
$382.3K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$65.9K $24.60/SF
− Vacancy
−$3.4K −$1.25/SF
EGI
$62.6K $23.35/SF
− OpEx
−$28.2K −$10.51/SF
NOI
$34.4K $12.84/SF
Area
Clackamas County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,220
Cap Rate 7%
$491,586
Cap Rate 9%
$382,344
Alternative Uses
Best Use
Apartment 5plus
$491.6K
$430.1K – $573.5K
NOI $34,411 @ 7.0% cap · market cap 5.06%
Second Best
Multifamily LT 5
$480.9K
$420.8K – $561.1K
NOI $33,664 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$723.4K
$633.0K – $844.0K
NOI $50,638 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
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Business Placement
Demographics for 97027, OR
12,599
Population
5,365
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
92%
High-School Grad
2.5 sq mi
ZIP Area
5,040
Density / Sq Mi
$91,957
Median Household Income
$49,689
Median Earnings
$1,721
Median Rent
$464,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Clackamas County, OR
Properties on Market for Duplexes in Clackamas County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes individual laundry hookups and an open kitchen-family room arrangement.
Where is this duplex located?
The property is located at 18309 PORTLAND AVE Gladstone, OR.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: Two residences, each with three bedrooms; Each unit has an upstairs full bath and a main‑level half bath; Individual laundry hookups in both residences
