Duplex with Detached
22222 SE ASH St, Gresham, OR 97030
For Sale
$474,900
MultiFamily, Gresham, OR
Property Size2,108 SF
Lot Size0.19 Acres
Price / SF$225.28
Days on Market95
Property Features for 22222 SE ASH St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Daniela Sardo
(503) 310-9127
Added: Aug 8
Changed: Nov 10
Last Checked: Nov 10 at 7:06AM
MLS# 147490588
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1957 duplex contains two 2-bedroom, 1-bath units on a 0.19-acre corner lot. The rear residence includes a 336 SF basement, updated flooring and paint, a gas range, owner-provided washer, dryer and refrigerator, and an enclosed yard. The front unit has carpet, laundry hookups and an owner-provided refrigerator. A detached double garage is divided for separate use, and the property has six off-street parking spaces arranged in tandem, three per unit. Both residences have separate gas and electric meters; each unit is also responsible for its own water and sewer beginning in January.
Both units are occupied on month-to-month rental terms. The property is zoned CC, is on a bus route, and is near Mt. Hood Medical Center, with Mt. Hood Community College a short drive away. Both residences have passed inspection by the City of Gresham Rental Inspector.
Both units are occupied on month-to-month rental terms. The property is zoned CC, is on a bus route, and is near Mt. Hood Medical Center, with Mt. Hood Community College a short drive away. Both residences have passed inspection by the City of Gresham Rental Inspector.
Key Highlights
- Two 2‑bedroom, 1‑bath residences
- 0.19‑acre corner lot in Gresham
- Rear unit includes a 336 SF basement and enclosed yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,990
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,800
$559.8K
Cap Rate 7%
$399,857
$399.9K
Cap Rate 9%
$311,000
$311.0K
Market Conditions
NOI Build-Up for 2,108 SF
Gross rent
$41.7K $19.80/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$40.0K $18.97/SF
− OpEx
−$12.0K −$5.69/SF
NOI
$28.0K $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%
$559,800
Cap Rate 7%
$399,857
Cap Rate 9%
$311,000
Alternative Uses
Best Use
Multifamily LT 5
$399.9K
$349.9K – $466.5K
NOI $27,990 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$359.5K
$314.5K – $419.4K
NOI $25,162 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$481.7K
$421.5K – $562.0K
NOI $33,720 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Explore this area
Business Placement
Demographics for 97030, OR
39,492
Population
16,500
Households
2.4
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,266
Density / Sq Mi
$61,793
Median Household Income
$40,352
Median Earnings
$1,604
Median Rent
$418,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Gresham, OR
Properties on Market for Duplexes in Gresham
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and one bath, with separate utility meters and dedicated garage space.
Where is this duplex located?
The property is located at 22222 SE ASH St Gresham, OR.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath residences; 0.19‑acre corner lot in Gresham; Rear unit includes a 336 SF basement and enclosed yard
