Duplex Under Construction with
New
For Sale
$719,800
4063 SW MCKINLEY St, Gresham, OR 97080
MULTI_FAMILY - Gresham, OR
Property Size2,018 SF
Price / SF$356.69
Days on Market4
Property Features for 4063 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 4, Bathroom 1, Bathroom 6, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 5, Bedroom 3, Bedroom 1
Subdivision
HIGHLANDS AT PLEASANT VALLEY
Elementary school
Butler Creek
Middle school
Centennial
High school
Centennial
Directions
From SE 190th Ave - see remarks for directions
Standard status
Active
APN
R729484
Size
2,018 SF
Taxes and HOA fees
Tax Description
HIGHLANDS AT PLEASANT VALLEY LOTS 35 AND 36
Tax Annual Amount
1759
Legal Description
HIGHLANDS AT PLEASANT VALLEY LOTS 35 AND 36
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
Changed: Aug 2
Last Checked: Aug 2 at 8:06PM
MLS# 760768093
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 is being built with a modern, functional layout and will be completed with indoor and outdoor living features designed for everyday use. The home includes an open-concept great room leading into a kitchen with quartz countertops, stainless steel appliances, and a convenient eating bar. A powder room is located just off the kitchen for guest convenience, and the main living areas have durable laminate flooring while bedrooms, the upper hallway, and stairs use wall-to-wall carpeting. The primary bedroom includes an ensuite with double sinks and a spacious shower, and each home features a patio just off the kitchen.
The property is zoned RES and is set up with a landscaped front yard that includes a sprinkler system for easier maintenance. Construction is scheduled as a 2025 build with a composition roof.
At 2,018 square feet, the duplex configuration provides a streamlined, resident-focused plan with multiple bedrooms and bathrooms already accounted for in the room layout.
The property is zoned RES and is set up with a landscaped front yard that includes a sprinkler system for easier maintenance. Construction is scheduled as a 2025 build with a composition roof.
At 2,018 square feet, the duplex configuration provides a streamlined, resident-focused plan with multiple bedrooms and bathrooms already accounted for in the room layout.
Key Highlights
- Duplex under construction with completion planned as a 2025 build
- 2018 square feet of total area
- Patio located just off the kitchen
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 | $40.0k | $19.80 |
| − Vacancy | −$1.7k | −$0.83 |
| EGI | $38.3k | $18.97 |
| − OpEx | −$11.5k | −$5.69 |
| NOI | $26.8k | $13.28 |
2,018 SF · lease $19.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$382.8K
$334.9K – $446.6K
NOI $26,795 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$344.1K
$301.1K – $401.5K
NOI $24,088 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$461.1K
$403.5K – $538.0K
NOI $32,280 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Newly built duplex under construction in RES zoning with a patio, composition roof, and sprinkler-equipped front yard.
Where is this duplex located?
The property is located at 4063 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: Duplex under construction with completion planned as a 2025 build; 2018 square feet of total area; Patio located just off the kitchen
