Duplex Residential Income
For Sale
$600,000
765 775 SE ROBERTS Ave, Gresham, OR 97080
MULTI_FAMILY - Gresham, OR
Property Size2,692 SF
Lot Size0.34 Acres
Price / SF$222.88
Days on Market93
Property Features for 765 775 SE ROBERTS Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LDR-5
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4
View
Park
Elementary school
East Gresham
Middle school
Dexter McCarty
High school
Gresham
Directions
E Powell Blvd (Hwy 26) - South on SE Roberts Ave
Subdivision
_144
Standard status
Active
APN
R339240
Size
2,692 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
SECTION 10 1S 3E, TL 4000 0.34 ACRES
Tax Annual Amount
5509
Legal Description
SECTION 10 1S 3E, TL 4000 0.34 ACRES
Utilities
Heating system
Zoned
Building Details
Year built
1959
Floors in Building
2
Number of units
2
Roof type
Composition, Shingle
Listing Agency:
Rarebird Real Estate
(503) 451-0545
Listed By:
Benjamin Ficker · License #200412166,OR
(971) 273-5547
Added: May 12
Changed: Aug 3
Last Checked: Aug 12 at 10:06AM
MLS# 575264615
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 duplex at 765 775 SE Roberts Ave, Gresham, OR 97080 includes two residential units: one four-bedroom unit and one two-bedroom unit. The property totals 2,692 square feet and sits on a 0.34-acre lot. Built in 1959, the home features a composition shingle roof and zoned heating.
The listing’s zoning is LDR-5. Prospective purchasers are encouraged to review the interior configuration during inspection, as the offer is described as subject to interior inspection.
With its two-unit layout and defined bedroom count per unit, the property is positioned for buyers looking for a straightforward duplex configuration in Gresham.
The listing’s zoning is LDR-5. Prospective purchasers are encouraged to review the interior configuration during inspection, as the offer is described as subject to interior inspection.
With its two-unit layout and defined bedroom count per unit, the property is positioned for buyers looking for a straightforward duplex configuration in Gresham.
Key Highlights
- Four‑bedroom and two‑bedroom duplex layout
- Zoned LDR‑5
- 0.34‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,744
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$714,880
$714.9K
Cap Rate 7%
$510,629
$510.6K
Cap Rate 9%
$397,156
$397.2K
Market Conditions
NOI Build-Up for 2,692 SF
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.
Gross rent
$53.3K $19.80/SF
− Vacancy
−$2.2K −$0.83/SF
EGI
$51.1K $18.97/SF
− OpEx
−$15.3K −$5.69/SF
NOI
$35.7K $13.28/SF
Area
Gresham, OR
Vacancy
4.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$714,880
Cap Rate 7%
$510,629
Cap Rate 9%
$397,156
Alternative Uses
Best Use
Multifamily LT 5
$510.6K
$446.8K – $595.7K
NOI $35,744 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$459.0K
$401.7K – $535.6K
NOI $32,133 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$615.2K
$538.3K – $717.7K
NOI $43,061 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
66
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 - Duplex with a four-bedroom and a two-bedroom unit on a 0.34-acre lot zoned LDR-5 in Gresham.
Where is this duplex located?
The property is located at 765 775 SE ROBERTS Ave Gresham, 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: Four‑bedroom and two‑bedroom duplex layout; Zoned LDR‑5; 0.34‑acre lot
