Owner-Occupied Duplex with
805 Southeast Rene Avenue Gresham, OR 97080
805 Southeast Rene Avenue, Gresham, OR, 97080
$499,975
Pending
For Sale
$499,975
Pending
Two residential units each offer a private fully fenced backyard, durable Trex decking, and a dedicated garage bay.
Property Size1,872 SF
Days on Market13
Property Features for 805 Southeast Rene Avenue
General Information
- Standard status
- Pending
- Size
- 1,872 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1977
Listing agency
Real Broker LLC
(360) 953-9933
Listed by
Daniel Belza · License #132688
(360) 953-9933
Source
Compass
Added: Jul 9 Updated: Jul 21 at 6:02AM Checked: Jul 21 at 6:02AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
Well-maintained duplex offering two separate units. Unit 805 features 2 bedrooms and 1 bathroom, with updates completed in 2025 including quartz kitchen countertops, a tile backsplash, a stainless steel sink, Whirlpool dishwasher, updated faucet and fixtures, wall-to-wall carpet, and custom living room shades. Unit 815 offers 3 bedrooms and 1.5 bathrooms and includes a fireplace and a freshly painted garage door. Vinyl windows are installed throughout the property, supporting efficiency and natural light.
The roof was replaced in 2024. Each unit has its own private fully fenced backyard with durable Trex decking and a tall privacy fence, along with a dedicated garage bay for secure parking or additional storage. Ample off-street parking is also provided for residents and guests.
Conveniently located near everyday amenities, the property is described as within walking distance or a short drive to grocery stores, dining, parks, schools, and local outdoor recreation and athletic facilities, with easy access to major commuter routes.
The roof was replaced in 2024. Each unit has its own private fully fenced backyard with durable Trex decking and a tall privacy fence, along with a dedicated garage bay for secure parking or additional storage. Ample off-street parking is also provided for residents and guests.
Conveniently located near everyday amenities, the property is described as within walking distance or a short drive to grocery stores, dining, parks, schools, and local outdoor recreation and athletic facilities, with easy access to major commuter routes.
Key Highlights
- Duplex built in 1977 with 1‑story layout, concrete perimeter foundation, and crawl space
- Roof replaced in 2024; vinyl windows throughout
- Unit 805: 2 bed, 1 bath; kitchen updated in 2025 with quartz counters, tile backsplash, stainless sink, and Whirlpool dishwasher
Local 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 | $37.1k | $19.80 |
| − Vacancy | −$1.6k | −$0.83 |
| EGI | $35.5k | $18.97 |
| − OpEx | −$10.7k | −$5.69 |
| NOI | $24.9k | $13.28 |
1,872 SF · lease $19.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$355.1K
$310.7K – $414.3K
NOI $24,856 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$319.2K
$279.3K – $372.4K
NOI $22,345 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$427.8K
$374.3K – $499.1K
NOI $29,945 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two residential units each offer a private fully fenced backyard, durable Trex decking, and a dedicated garage bay.
Where is this duplex located?
The property is located at 805 Southeast Rene Avenue Gresham, OR.
What is the asking price?
The asking price for this property is $499,975.
What are key features of this property?
This property features: Duplex built in 1977 with 1‑story layout, concrete perimeter foundation, and crawl space; Roof replaced in 2024; vinyl windows throughout; Unit 805: 2 bed, 1 bath; kitchen updated in 2025 with quartz counters, tile backsplash, stainless sink, and Whirlpool dishwasher
