Duplex Under Construction with Sprinkler
New
For Sale
$719,800
4055 SW MCKINLEY St, Gresham, OR 97080
MULTI_FAMILY - Gresham, OR
Property Size2,008 SF
Price / SF$358.47
Days on Market2
Property Features for 4055 SW MCKINLEY St
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
RES
Bedrooms
4
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bathroom 3, Bathroom 5, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3
Elementary school
Butler Creek
Middle school
Centennial
High school
Centennial
Directions
SW 190th See remarks for directions
Subdivision
_144
Standard status
Active
APN
R729488
Size
2,008 SF
Taxes and HOA fees
Tax Description
HIGHLANDS AT PLEASANT VALLEY MIDDLE HOUSING, LOTS 39 and 40
Legal Description
HIGHLANDS AT PLEASANT VALLEY MIDDLE HOUSING, LOTS 39 and 40
Amenities
landscaped front yard
double sinks
spacious shower
open-concept great room
quartz countertops
stainless steel appliances
eating bar
powder room
laminate flooring
wall-to-wall carpeting
Building Details
Year built
2025
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
John L. Scott Sandy
(503) 826-9000
Listed By:
Jason Shuler · License #900500340
(503) 407-2208
Added: Jul 30
Last Checked: Jul 31 at 2:06AM
MLS# 575592800
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 under-construction duplex includes two detached homes, each offering two bedrooms and 2.1 baths. Each home features an open-concept great room that flows into the kitchen, with quartz countertops, stainless steel appliances, and an eating bar for casual dining or entertaining. A powder room is located just off the kitchen, and the interior finishes include durable laminate flooring in main living areas with wall-to-wall carpeting in the bedrooms. The primary bedroom includes a private ensuite with double sinks and a spacious shower, and both homes include thoughtfully landscaped front yards with a sprinkler system for maintenance convenience.
The property is scheduled for completion with a 2025 build year and a composition roof. The offering totals 2,008 square feet.
Designed for comfort and low-maintenance outdoor upkeep, this duplex presents a cohesive two-home layout with consistent interior finishes across both residences.
The property is scheduled for completion with a 2025 build year and a composition roof. The offering totals 2,008 square feet.
Designed for comfort and low-maintenance outdoor upkeep, this duplex presents a cohesive two-home layout with consistent interior finishes across both residences.
Key Highlights
- Two detached homes, each with two bedrooms and 2.1 baths
- Under construction with 2025 build year
- 2,008 square feet total
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 | $39.8k | $19.80 |
| − Vacancy | −$1.7k | −$0.83 |
| EGI | $38.1k | $18.97 |
| − OpEx | −$11.4k | −$5.69 |
| NOI | $26.7k | $13.28 |
2,008 SF · lease $19.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$380.9K
$333.3K – $444.4K
NOI $26,662 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$342.4K
$299.6K – $399.5K
NOI $23,968 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$458.9K
$401.5K – $535.3K
NOI $32,120 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 97080, OR
45,647
Population
17,276
Households
2.6
Avg Household Size
38
Median Age
28%
College-Educated
90%
High-School Grad
21.6 sq mi
ZIP Area
2,113
Density / Sq Mi
$96,218
Median Household Income
$47,562
Median Earnings
$1,596
Median Rent
$485,000
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 - Under-construction duplex with two detached homes, landscaped front yard with sprinkler system, and open-concept living areas.
Where is this duplex located?
The property is located at 4055 SW MCKINLEY St Gresham, OR.
What is the asking price?
The asking price for this property is $719,800.
What are key features of this property?
This property features: Two detached homes, each with two bedrooms and 2.1 baths; Under construction with 2025 build year; 2,008 square feet total
