Two-Unit Duplex with
For Sale
$600,000
441 W GLOUCESTER St, Gladstone, OR 97027
MultiFamily, Gladstone, OR
Property Size2,240 SF
Lot Size0.19 Acres
Price / SF$267.86
Days on Market344
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
Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 3
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
Amenities
wood stove
dishwasher
range
refrigerator
private patio
in-unit laundry
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Roof type
Composition
Buildings
1
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Nick Shivers
(503) 389-0821
Added: Nov 19, 2025
Changed: Oct 29
Last Checked: Oct 29 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.
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Investment Insights
Based on property information with market context.
Built in 1973, this duplex contains 2,240 square feet across two residences, with each unit offering 1,120 square feet, 3 bedrooms, and 2 bathrooms. Both homes include an attached 1-car garage, a living room with a wood stove, a kitchen equipped with a dishwasher, range, and refrigerator, plus dining space and in-unit laundry. Sliding doors connect each dining area to a private patio, while the primary bedroom includes a private bathroom. Additional features include forced-air heating and a composition roof.
The 0.19-acre property is located in Gladstone near dining, shopping, schools, parks, and walking and biking paths. Quick access to 99E supports regional commuting. MR zoning applies to the property.
The 0.19-acre property is located in Gladstone near dining, shopping, schools, parks, and walking and biking paths. Quick access to 99E supports regional commuting. MR zoning applies to the property.
Key Highlights
- Two residences totaling 2,240 square feet
- Each unit has 3 bedrooms, 2 bathrooms, and 1,120 square feet
- Attached 1‑car garage provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,762
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,240
$575.2K
Cap Rate 7%
$410,886
$410.9K
Cap Rate 9%
$319,578
$319.6K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$55.1K $24.60/SF
− Vacancy
−$2.8K −$1.25/SF
EGI
$52.3K $23.35/SF
− OpEx
−$23.5K −$10.51/SF
NOI
$28.8K $12.84/SF
Area
Clackamas County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,240
Cap Rate 7%
$410,886
Cap Rate 9%
$319,578
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.
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Lease Details
2
Residential units
Yes
Highway access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - MR-zoned duplex with private patios, in-unit laundry, wood stoves, and attached garages for each residence.
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: Two residences totaling 2,240 square feet; Each unit has 3 bedrooms, 2 bathrooms, and 1,120 square feet; Attached 1‑car garage provided for each unit
