Duplex with Private
3305 NE 15TH St Gresham, OR 97030
New
3305 NE 15TH St, Gresham, OR, 97030
$530,000
For Sale
$530,000
MULTI_FAMILY - Gresham, OR
Property Size1,900 SF
Lot Size0.19 Acres
Price / SF$278.95
Days on Market2
Property Features for 3305 NE 15TH St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LDR-7
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- 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
Utilities
- Heating system
- Zoned
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition
Listing Agency
Redfin
(503) 496-7620
1500 NE Irving Street, Suite 380, Portland, OR
Listed by
William Grzebyk · License #201214217
(503) 505-2816
Added: Jul 16 Checked: Jul 17 at 3:06 am
MLS# 269394030
Listing URL
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 well-maintained duplex includes two separate residential units, each with its own fully fenced private yard and separate sense of privacy. Unit 1 features three bedrooms, one bathroom, a detached garage, and a spacious living area. Unit 2 features two bedrooms and two bathrooms, along with an attached garage and an equally spacious floor plan.
The property also includes a large driveway providing off-street parking and convenient access to both garages. It is located in Gresham, Oregon, within Multnomah County.
Off-street parking and both detached and attached garage configurations support practical day-to-day use for both units, whether owner-occupied or rented.
The property also includes a large driveway providing off-street parking and convenient access to both garages. It is located in Gresham, Oregon, within Multnomah County.
Off-street parking and both detached and attached garage configurations support practical day-to-day use for both units, whether owner-occupied or rented.
Key Highlights
- Duplex built in 1975 with composition roof and zoned heating
- Unit 1: 3 bedrooms, 1 bathroom, detached garage, and spacious living area
- Unit 2: 2 bedrooms, 2 bathrooms, and attached garage
Local 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 | $37.6k | $19.80 |
| − Vacancy | −$1.6k | −$0.83 |
| EGI | $36.0k | $18.97 |
| − OpEx | −$10.8k | −$5.69 |
| NOI | $25.2k | $13.28 |
1,900 SF · lease $19.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$360.4K
$315.4K – $420.5K
NOI $25,228 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$324.0K
$283.5K – $378.0K
NOI $22,679 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$434.2K
$379.9K – $506.5K
NOI $30,392 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex offers two separate residences with fenced private yards and private garage parking.
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 $530,000.
What are key features of this property?
This property features: Duplex built in 1975 with composition roof and zoned heating; Unit 1: 3 bedrooms, 1 bathroom, detached garage, and spacious living area; Unit 2: 2 bedrooms, 2 bathrooms, and attached garage
