Two-Unit Duplex with Private
For Sale
$414,900
18427 SE Yamhill St, Gresham, OR 97233
Built in 1948, the property contains two 2-bedroom, 1-bath residences with individual entry points.
Property Size1,680 SF
Price / SF$246.96
Days on Market74
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Property Features for 18427 SE Yamhill St
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi-Family
Financials
Cap Rate
7.79%
Gross Income
$36,000
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1948
Listing Agency:
Tree City Real Estate
Listed By:
Lizbeth Abbott
(503) 757-1869
Source:
Foxrealestategroups
Added: Aug 3
Changed: Sep 14
Last Checked: Oct 6 at 12:19AM
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
Investment Insights
Based on property information with market context.
This 1,680-square-foot duplex, built in 1948, contains two separate 2-bedroom, 1-bath units. Each residence has its own entrance and functional living areas, creating a straightforward two-unit configuration. The property supports rental use and may also accommodate an owner-occupant arrangement with one unit occupied and the other leased.
Located at 18427–18429 SE Yamhill Street in Gresham, the duplex is near public transportation, shopping, schools, parks, and major commuter routes. The property carries a reported 7.79% cap rate and is presented as an income-producing residential asset.
Located at 18427–18429 SE Yamhill Street in Gresham, the duplex is near public transportation, shopping, schools, parks, and major commuter routes. The property carries a reported 7.79% cap rate and is presented as an income-producing residential asset.
Key Highlights
- Two‑unit duplex with 2‑bedroom, 1‑bath layouts
- 1,680 square feet of property size
- Separate entrances for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,307
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,140
$446.1K
Cap Rate 7%
$318,671
$318.7K
Cap Rate 9%
$247,856
$247.9K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$33.3K $19.80/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$31.9K $18.97/SF
− OpEx
−$9.6K −$5.69/SF
NOI
$22.3K $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%
$446,140
Cap Rate 7%
$318,671
Cap Rate 9%
$247,856
Alternative Uses
Best Use
Multifamily LT 5
$318.7K
$278.8K – $371.8K
NOI $22,307 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$286.5K
$250.7K – $334.2K
NOI $20,053 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$383.9K
$335.9K – $447.9K
NOI $26,873 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
506
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 1948, the property contains two 2-bedroom, 1-bath residences with individual entry points.
Where is this duplex located?
The property is located at 18427 SE Yamhill St Gresham, OR.
What is the asking price?
The asking price for this property is $414,900.
What are key features of this property?
This property features: Two‑unit duplex with 2‑bedroom, 1‑bath layouts; 1,680 square feet of property size; Separate entrances for both units
