Updated Duplex with Two
For Sale
$455,000
850 W POWELL Blvd, Gresham, OR 97030
MultiFamily, Gresham, OR
Property Size1,768 SF
Lot Size0.20 Acres
Price / SF$257.35
Days on Market53
Property Features for 850 W POWELL Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C2-4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3
Elementary school
East Gresham
Middle school
Dexter McCarty
High school
Gresham
Directions
West on Powell Blvd, property on left past Eastman Parkway
Subdivision
_144
Standard status
Active
APN
R142378
Size
1,768 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
CREASY PK, BLOCK 2, LOT 5
Tax Annual Amount
4971
Legal Description
CREASY PK, BLOCK 2, LOT 5
Utilities
Heating system
Baseboard
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Roof type
Composition, Shingle
Listing Agency:
MORE Realty
(503) 353-6673
Listed By:
Yarina Romanyuk
(503) 593-0634
Added: Jul 10
Changed: Aug 30
Last Checked: Aug 31 at 4:06PM
MLS# 561157768
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 two-unit residential property contains 1,768 square feet on a 0.2-acre lot and was built in 1973. The floor plan includes four bedrooms and two bathrooms, with baseboard heating and a composition shingle roof. Both units are occupied by long-term tenants, and the interiors have been updated.
The property is located in Gresham, Oregon, near shopping, dining, parks, schools, and public transportation. It is zoned C2-4. Tenant privacy is requested, and interior inspections are subject to an accepted offer.
The property is located in Gresham, Oregon, near shopping, dining, parks, schools, and public transportation. It is zoned C2-4. Tenant privacy is requested, and interior inspections are subject to an accepted offer.
Key Highlights
- Two‑unit duplex with both units occupied by long‑term tenants
- 1,768 square feet on a 0.2‑acre lot
- Four bedrooms and two bathrooms
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
$23,475
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
5.16%
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%
$469,500
$469.5K
Cap Rate 7%
$335,357
$335.4K
Cap Rate 9%
$260,833
$260.8K
Market Conditions
NOI Build-Up for 1,768 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
$35.0K $19.80/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$33.5K $18.97/SF
− OpEx
−$10.1K −$5.69/SF
NOI
$23.5K $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%
$469,500
Cap Rate 7%
$335,357
Cap Rate 9%
$260,833
Alternative Uses
Best Use
Multifamily LT 5
$335.4K
$293.4K – $391.3K
NOI $23,475 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$301.5K
$263.8K – $351.7K
NOI $21,104 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$404.0K
$353.5K – $471.4K
NOI $28,281 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
Explore this area
Business Placement
Demographics for 97030, OR
39,492
Population
16,500
Households
2.4
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,266
Density / Sq Mi
$61,793
Median Household Income
$40,352
Median Earnings
$1,604
Median Rent
$418,100
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 - Both units are occupied by long-term tenants, with baseboard heating and composition shingle roofing.
Where is this duplex located?
The property is located at 850 W POWELL Blvd Gresham, OR.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Two‑unit duplex with both units occupied by long‑term tenants; 1,768 square feet on a 0.2‑acre lot; Four bedrooms and two bathrooms
