Duplex with Private
For Sale
$510,000
3305 NE 15TH St, Gresham, OR 97030
MultiFamily, Gresham, OR
Property Size1,900 SF
Lot Size0.19 Acres
Price / SF$268.42
Days on Market92
Property Features for 3305 NE 15TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LDR-7
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Elementary school
Hall
Middle school
Gordon Russell
High school
Sam Barlow
Directions
S on Kane, E on NE 15th
Subdivision
_144
Standard status
Active
APN
R272195
Size
1,900 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
SOTOGRANDE, BLOCK 2, LOT 1
Tax Annual Amount
5215
Legal Description
SOTOGRANDE, BLOCK 2, LOT 1
Utilities
Heating system
Zoned
Amenities
fully fenced private yards
Building Details
Year built
1975
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Redfin
(503) 496-7620
Listed By:
William Grzebyk · License #201214217
(503) 505-2816
Added: Jul 16
Changed: Oct 13
Last Checked: Oct 15 at 6:06PM
MLS# 269394030
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.
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Investment Insights
Based on property information with market context.
This 1,900-square-foot duplex contains two distinct residences on a 0.19-acre lot. One unit provides three bedrooms and one bathroom with a detached garage, while the other includes two bedrooms, two bathrooms, and an attached garage. Both residences have fully fenced yards, and a large driveway supports off-street parking and garage access.
Constructed in 1975, the property has zoned heating, a composition roof, and LDR-7 zoning. Its Gresham setting places the duplex near shopping, dining, daily amenities, Gresham Golf Course, and Mt. Hood Community College. The separate floor plans and outdoor areas support owner occupancy, rental use, or a combination of both, as described by the property configuration.
Constructed in 1975, the property has zoned heating, a composition roof, and LDR-7 zoning. Its Gresham setting places the duplex near shopping, dining, daily amenities, Gresham Golf Course, and Mt. Hood Community College. The separate floor plans and outdoor areas support owner occupancy, rental use, or a combination of both, as described by the property configuration.
Key Highlights
- 1,900‑square‑foot duplex on a 0.19‑acre lot
- One unit with 3 bedrooms, 1 bathroom, and a detached garage
- Second unit includes 2 bedrooms, 2 bathrooms, and an attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,228
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,560
$504.6K
Cap Rate 7%
$360,400
$360.4K
Cap Rate 9%
$280,311
$280.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$37.6K $19.80/SF
− Vacancy
−$1.6K −$0.83/SF
EGI
$36.0K $18.97/SF
− OpEx
−$10.8K −$5.69/SF
NOI
$25.2K $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%
$504,560
Cap Rate 7%
$360,400
Cap Rate 9%
$280,311
Alternative Uses
Best Use
Multifamily LT 5
$360.4K
$315.4K – $420.5K
NOI $25,228 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$324.0K
$283.5K – $378.0K
NOI $22,679 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$434.2K
$379.9K – $506.5K
NOI $30,392 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible layouts, dedicated garages, and fenced outdoor areas.
Where is this duplex located?
The property is located at 3305 NE 15TH St Gresham, OR.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 1,900‑square‑foot duplex on a 0.19‑acre lot; One unit with 3 bedrooms, 1 bathroom, and a detached garage; Second unit includes 2 bedrooms, 2 bathrooms, and an attached garage
