Well-Maintained Duplex in Gladstone,
For Sale
$600,000
441 W GLOUCESTER St, Gladstone, OR 97027
MULTI_FAMILY - Gladstone, OR
Property Size2,240 SF
Lot Size0.19 Acres
Price / SF$267.86
Days on Market253
Property Features for 441 W GLOUCESTER St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MR
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6, Bathroom 4, Bathroom 1
Elementary school
John Wetten
Middle school
Kraxberger
High school
Gladstone
Directions
I-205, take exit 9 toward Gladstone, R on W Gloucester St.
Subdivision
_145
Standard status
Active
APN
00528003
Size
2,240 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
137 APPERSONS ADD GLADSTONE LT 7 PT LT 6
Tax Annual Amount
5934
Legal Description
137 APPERSONS ADD GLADSTONE LT 7 PT LT 6
Utilities
Heating system
Forced Air
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Nick Shivers · License #200209063
(503) 389-0821
Added: Nov 19, 2025
Changed: Jul 29
Last Checked: Jul 30 at 4:06PM
MLS# 722649627
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 presents a fantastic income opportunity, offering the flexibility to rent out both units for strong cash flow or live in one and rent out the other to offset your mortgage. Each unit features 3 bedrooms, 2 baths, and an attached 1-car garage, providing 1,120 square feet of living space. The layout includes a large living room with a wood stove, a kitchen equipped with a dishwasher, range, and refrigerator, and a dining area with pantry/closet storage and sliding doors to a private patio. The primary bedroom includes a private bath, while two additional bedrooms, a full guest bath, and in-unit laundry space enhance convenience. Situated on a 0.19-acre lot in a desirable area with good walk and bike scores, the property is located minutes from dining, shopping, schools, and parks with walking and biking paths. Commuters benefit from quick access to 99E. The property is zoned MR. This duplex is suitable for investors or those seeking a home with built-in income.
Key Highlights
- Duplex built in 1973 with 1,120 sq ft of comfortable living space
- Each unit features 3 bedrooms and 2 bathrooms
- Attached 1‑car garage with each unit
Financial Insights For Apartment 5plus
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 | $55.1k | $24.60 |
| − Vacancy | −$2.8k | −$1.25 |
| EGI | $52.3k | $23.35 |
| − OpEx | −$23.5k | −$10.51 |
| NOI | $28.8k | $12.84 |
2,240 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$410.9K
$359.5K – $479.4K
NOI $28,762 @ 7.0% cap · market cap 4.79%
Second Best
Multifamily LT 5
$402.0K
$351.7K – $469.0K
NOI $28,137 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$604.6K
$529.1K – $705.4K
NOI $42,324 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 97027, OR
12,599
Population
5,365
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
92%
High-School Grad
2.5 sq mi
ZIP Area
5,040
Density / Sq Mi
$91,957
Median Household Income
$49,689
Median Earnings
$1,721
Median Rent
$464,700
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 - Income opportunity: spacious duplex with garages, near amenities and transit.
Where is this duplex located?
The property is located at 441 W GLOUCESTER St Gladstone, OR.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Duplex built in 1973 with 1,120 sq ft of comfortable living space; Each unit features 3 bedrooms and 2 bathrooms; Attached 1‑car garage with each unit
