Two-Unit Duplex with Private
18427 SE YAMHILL St Gresham, OR 97233
For Sale
$424,900
MULTI_FAMILY - Gresham, OR
Property Size1,680 SF
Lot Size0.16 Acres
Price / SF$252.92
Days on Market51
Property Features for 18427 SE YAMHILL St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RTC
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3
- Standard status
- Active
- APN
- R153581
- Size
- 1,680 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- EASTWOOD, LOT 14 TL 3900
- Tax Annual Amount
- 3816
Utilities
- Heating system
- Baseboard
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1948
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition
Listing Agency:
Tree City Real Estate
(503) 757-1869
Listed By:
Lizbeth Abbott
(503) 757-1869
Added: Jun 6
Changed: Jul 23
Last Checked: Jul 26 at 3:06PM
MLS# 171563656
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale duplex at 18427–18429 SE Yamhill St in Gresham includes two separate 2-bedroom, 1-bath units, each with a private entrance. The layout provides functional living space for both occupants, with two fully separate units designed for residential income use.
The property is situated on a 0.16-acre lot and totals about 1,680 square feet. The site is listed under zoning RTC, and the offering is presented as an income-producing investment opportunity, with convenience factors noted in the remarks such as proximity to public transportation, shopping, schools, parks, and major commuter routes.
As configured, the duplex supports a range of ownership approaches, including occupying one unit while renting the other or adding both units to an existing rental portfolio, subject to buyer due diligence and local requirements.
The property is situated on a 0.16-acre lot and totals about 1,680 square feet. The site is listed under zoning RTC, and the offering is presented as an income-producing investment opportunity, with convenience factors noted in the remarks such as proximity to public transportation, shopping, schools, parks, and major commuter routes.
As configured, the duplex supports a range of ownership approaches, including occupying one unit while renting the other or adding both units to an existing rental portfolio, subject to buyer due diligence and local requirements.
Key Highlights
- Income‑producing duplex at 18427–18429 SE Yamhill Street
- Two separate 2‑bedroom, 1‑bath units with private entrances
- Approximately $36,000 in annual gross income and a stated 7.79% cap rate
Financial Insights For Multifamily LT 5
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 | $33.3k | $19.80 |
| − Vacancy | −$1.4k | −$0.83 |
| EGI | $31.9k | $18.97 |
| − OpEx | −$9.6k | −$5.69 |
| NOI | $22.3k | $13.28 |
1,680 SF · lease $19.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.7K
$278.8K – $371.8K
NOI $22,307 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$286.5K
$250.7K – $334.2K
NOI $20,053 @ 7.0% cap · market cap 4.72%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - For sale duplex in Gresham offering two separate 2-bedroom, 1-bath units with private entrances.
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 $424,900.
What are key features of this property?
This property features: Income‑producing duplex at 18427–18429 SE Yamhill Street; Two separate 2‑bedroom, 1‑bath units with private entrances; Approximately $36,000 in annual gross income and a stated 7.79% cap rate
