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12-Unit Apartment Property

461-487 W Gloucester St, Gladstone, OR 97027

For Sale
Contact for pricing

Three buildings offer two-bedroom residences with in-unit laundry and private outdoor areas.

Property SizeContact for details
Days on Market31

Property Features for 461-487 W Gloucester St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 12 x 2BR/1BA
Multifamily Units 12

Additional Details

Highway Access Yes
Tenant in Place Yes

Amenities

in-unit laundry
fireplaces
private outdoor space
dishwashers
mature landscaping
off-street parking

Building Details

Buildings 3
Listing Agency: Keller Williams Realty Portland Premiere
Listed By: Darryl Bodle · License OR #199910100
Source: Crexi
Added: Oct 14 Changed: Nov 10 Last Checked: Nov 12 at 7:48AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Portland Premiere

Rey
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Investment Insights

Based on property information with market context.

This Gladstone apartment property comprises 12 two-bedroom, one-bathroom residences across three buildings. Each apartment measures 780 square feet, with a combination of single-level and two-level layouts. Unit features include in-unit laundry, fireplaces, dishwashers and individual outdoor space. The property is fully leased and includes off-street surface parking and mature landscaping.

Gladstone Crossing is nearby, with Safeway and other shopping along McLoughlin Boulevard. Dining and services are available along Portland Avenue and Arlington Street. Cross Park, Dahl Beach City Park and Clackamette Park provide nearby recreation, and the Clackamas River is approximately one mile away. Oregon City, I-205 and McLoughlin Boulevard connect the area with destinations across the Portland metro area.

Key Highlights

  • 12 two‑bedroom, one‑bathroom residences in three buildings
  • Each unit measures 780 square feet
  • Mix of single‑level and two‑level apartment layouts

Property Analytics

Lease Details

12
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

540
Businesses Nearby

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

Average Price Trend$/SF for Apartment buildings in Clackamas County, OR

$265 Jul
$299 Aug
$299 Sep
$278 Oct

Properties on Market for Apartment buildings in Clackamas County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three buildings offer two-bedroom residences with in-unit laundry and private outdoor areas.
Where is this apartment building located?
The property is located at 461-487 W Gloucester St Gladstone, OR.
What is the asking price?
The asking price for this property is $2,299,900.
What are key features of this property?
This property features: 12 two‑bedroom, one‑bathroom residences in three buildings; Each unit measures 780 square feet; Mix of single‑level and two‑level apartment layouts
(503) 709-4632 Call to check price and availability
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