Corner-Lot
New
For Sale
$440,000
19570 SE YAMHILL St, Gresham, OR 97233
MultiFamily, Gresham, OR
Property Size1,588 SF
Lot Size0.20 Acres
Price / SF$277.08
Days on Market1
Property Features for 19570 SE YAMHILL St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
1101
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3
Subdivision
Anniversary Park
Elementary school
Davis
Middle school
Reynolds
High school
Reynolds
Directions
East Burnside to 197th. South to SE Yamhill St. to property-Corner of Yamhill & SE 196th. Ave.
Standard status
Active
APN
R106379
Size
1,588 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
ANNIVERSARY PK, LOT 11 TL 1000
Tax Annual Amount
4209
Legal Description
ANNIVERSARY PK, LOT 11 TL 1000
Building Details
Year built
1963
Floors in Building
1
Number of units
3
Roof type
Composition
Listing Agency:
RE/MAX Equity Group · RE/MAX International
(503) 653-0607
Listed By:
Gloria Hahn · License #941100045
(503) 997-5745
Added: Sep 10
Last Checked: Sep 10 at 4:06PM
MLS# 415569253
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 duplex contains 1,588 square feet across two two-bedroom, one-bath units. Both residences include an interior utility area, fenced yard, enclosed gated carport, and storage. The first unit has laminate flooring, a newer range and refrigerator, plus washer and dryer hookups, a utility sink, and storage cabinetry. The second follows a similar layout and adds a bonus room that may function as an office or den; it lacks a closet. One residence is vacant, while the other has a tenant with approximately 20+ years of occupancy.
The property occupies a 0.2-acre corner lot and sits one block from MAX service. A separate storage shed adds utility, and the roof and gutters were replaced in 2023. Vinyl windows were installed in 2019. The home was built in 1963 and has composition roofing. The property is located at 19570 SE YAMHILL St in Gresham, Oregon.
The property occupies a 0.2-acre corner lot and sits one block from MAX service. A separate storage shed adds utility, and the roof and gutters were replaced in 2023. Vinyl windows were installed in 2019. The home was built in 1963 and has composition roofing. The property is located at 19570 SE YAMHILL St in Gresham, Oregon.
Key Highlights
- Duplex with 1,588 square feet on a 0.2‑acre corner lot
- Two 2‑bedroom, 1‑bath units with similar layouts
- One unit vacant; occupied unit has approximately 20+ years of tenancy
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
$21,085
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
4.79%
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%
$421,700
$421.7K
Cap Rate 7%
$301,214
$301.2K
Cap Rate 9%
$234,278
$234.3K
Market Conditions
NOI Build-Up for 1,588 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
$31.4K $19.80/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$30.1K $18.97/SF
− OpEx
−$9.0K −$5.69/SF
NOI
$21.1K $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 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%
$421,700
Cap Rate 7%
$301,214
Cap Rate 9%
$234,278
Alternative Uses
Best Use
Multifamily LT 5
$301.2K
$263.6K – $351.4K
NOI $21,085 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$270.8K
$236.9K – $315.9K
NOI $18,955 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$362.9K
$317.5K – $423.4K
NOI $25,402 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
637
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units offer private fenced outdoor areas, enclosed gated parking, and individual utility spaces.
Where is this duplex located?
The property is located at 19570 SE YAMHILL St Gresham, OR.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Duplex with 1,588 square feet on a 0.2‑acre corner lot; Two 2‑bedroom, 1‑bath units with similar layouts; One unit vacant; occupied unit has approximately 20+ years of tenancy
