3460 SW BUTLER Rd Gresham, OR 97080
MULTI_FAMILY - Gresham, OR
- Added:
- Jul 11, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 12 at 2:06 am
Property Features for 3460 SW BUTLER Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
- Standard status
- Active
- APN
- R157231
- Size
- 2,386 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- EMERALD HEIGHTS NO 4, LOT 118
- Tax Annual Amount
- 6001
Utilities
- Heating system
- Zoned
Building Details
- Year built
- 1996
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing agent Kenneth Cahill License #930400123 (503) 866-3968
Listing office John L. Scott Portland Metro 333 NE 3rd St, Gresham, OR (503) 665-0111
Listing date Jul 11, 2026
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.
One unit is currently occupied, while the other is vacant and move-in ready with fresh interior paint, new carpet, and updated laminate flooring.
The property sits on a lot of 0.19 acres and is listed as a duplex within zoning marked “R.”
Key Highlights
- Well‑maintained duplex built in 1996 with zoned heating and a composition roof
- Each unit offers approx. 1,200 SF with 3 bedrooms and 1.5 bathrooms
- Both units include an 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 | $47.2k | $19.80 |
| − Vacancy | −$2.0k | −$0.83 |
| EGI | $45.3k | $18.97 |
| − OpEx | −$13.6k | −$5.69 |
| NOI | $31.7k | $13.28 |
