Duplex with Fenced
For Sale
$524,900
3025 Northeast Juniper Avenue, Gresham, OR 97030
Two residential units offer three-bedroom, two-bath layouts with fireplaces and connected living areas.
Property Size2,096 SF
Price / SF$250.43
Days on Market141
Property Features for 3025 Northeast Juniper Avenue
General Information
Standard status
Active
Size
2,096 SF
Total Parking Spaces
1
Property subtype
Multi Family
Zoning
LDR
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,644
Amenities
fireplace
fenced yards
1
Crawl Space
Concrete Perimeter
Composition, Shingle
Wood Siding
Building Details
Year Built
1979
Listing Agency:
Keller Williams PDX Central
(503) 997-7549
Listed By:
Kirstan Rogers · License #201228419
(503) 997-7549
Source:
Compass
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 31 at 6:07AM
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 Keller Williams PDX Central
Investment Insights
Based on property information with market context.
This duplex contains 2,096 square feet across two residential units, each arranged with three bedrooms, two bathrooms, a fireplace, and a living-to-dining-to-kitchen layout. Separate fenced yards provide distinct outdoor areas for the units. The property was built in 1979 and includes a crawl space, concrete perimeter, composition shingle roofing, and wood siding. LDR zoning is identified for the property.
The address is near Gresham Station, Fred Meyer, Main City Park, and Gresham Golf Course. Highway 26 and I-84 provide access toward Portland and other surrounding destinations. The combination of two-unit configuration, individual yards, and proximity to established retail, recreation, and transportation routes supports both owner-occupancy and rental use as described in the property information.
The address is near Gresham Station, Fred Meyer, Main City Park, and Gresham Golf Course. Highway 26 and I-84 provide access toward Portland and other surrounding destinations. The combination of two-unit configuration, individual yards, and proximity to established retail, recreation, and transportation routes supports both owner-occupancy and rental use as described in the property information.
Key Highlights
- Duplex totaling 2,096 square feet
- Two units, each with 3 beds and 2 baths
- Separate fenced yards for each unit
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
$27,830
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
5.30%
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%
$556,600
$556.6K
Cap Rate 7%
$397,571
$397.6K
Cap Rate 9%
$309,222
$309.2K
Market Conditions
NOI Build-Up for 2,096 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
$41.5K $19.80/SF
− Vacancy
−$1.7K −$0.83/SF
EGI
$39.8K $18.97/SF
− OpEx
−$11.9K −$5.69/SF
NOI
$27.8K $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%
$556,600
Cap Rate 7%
$397,571
Cap Rate 9%
$309,222
Alternative Uses
Best Use
Multifamily LT 5
$397.6K
$347.9K – $463.8K
NOI $27,830 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$357.4K
$312.7K – $417.0K
NOI $25,019 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$479.0K
$419.1K – $558.8K
NOI $33,528 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,760
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer three-bedroom, two-bath layouts with fireplaces and connected living areas.
Where is this duplex located?
The property is located at 3025 Northeast Juniper Avenue Gresham, OR.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Duplex totaling 2,096 square feet; Two units, each with 3 beds and 2 baths; Separate fenced yards for each unit
