Residential Income
For Sale
$424,900
18427 SE YAMHILL ST, Gresham, OR 97233
Residential income property with window unit cooling, baseboard heat, crawl space, and driveway access.
Property Size1,680 SF
Days on Market68
Property Features for 18427 SE YAMHILL ST
General Information
Standard status
Active
Size
1,680 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RTC
Net Operating Income
$33,120
Taxes and HOA fees
Annual Taxes
$3,816
Amenities
Window Unit(s)
Baseboard
Crawl Space
Driveway
Building Details
Building Size
1,680 SF
Year Built
1948
Stories
1
Listing Agency:
Tree City Real Estate PC
(503) 757-1869
Listed By:
Lizbeth Abbott
(503) 757-1869
Source:
Evrealestate
Added: Jun 6
Changed: Aug 11
Last Checked: Aug 11 at 7:12AM
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 Tree City Real Estate PC
Investment Insights
Based on property information with market context.
Residential income property built in 1948 with window unit cooling, baseboard heat, and a crawl space. Exterior improvements include a driveway.
The property is located at 18427 SE Yamhill St in Gresham, Oregon, within Multnomah County. Access is described from 182nd to Yamhill, with the property on the left at 184th.
The property is located at 18427 SE Yamhill St in Gresham, Oregon, within Multnomah County. Access is described from 182nd to Yamhill, with the property on the left at 184th.
Key Highlights
- Built in 1948
- Window unit cooling and baseboard heat
- Crawl space
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
$20,053
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
4.72%
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%
$401,060
$401.1K
Cap Rate 7%
$286,471
$286.5K
Cap Rate 9%
$222,811
$222.8K
Market Conditions
NOI Build-Up for 1,680 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
$37.9K $22.56/SF
− Vacancy
−$1.4K −$0.86/SF
EGI
$36.5K $21.70/SF
− OpEx
−$16.4K −$9.77/SF
NOI
$20.1K $11.94/SF
Area
Gresham, OR
Vacancy
3.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
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%
$401,060
Cap Rate 7%
$286,471
Cap Rate 9%
$222,811
Alternative Uses
Best Use
Apartment 5plus
$286.5K
$250.7K – $334.2K
NOI $20,053 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$383.9K
$335.9K – $447.9K
NOI $26,873 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
Explore this area
Business Placement
Demographics for 97233, OR
41,625
Population
14,844
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
9,049
Density / Sq Mi
$54,886
Median Household Income
$37,216
Median Earnings
$1,352
Median Rent
$385,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Residential income property with window unit cooling, baseboard heat, crawl space, and driveway access.
Where is this residential income property located?
The property is located at 18427 SE YAMHILL ST Gresham, OR.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Built in 1948; Window unit cooling and baseboard heat; Crawl space
