Updated Duplex Investment
850 W POWELL Blvd Gresham, OR 97030
New
MULTI_FAMILY - Gresham, OR
Property size:
1,768 SFLot size:
0.20 AcresPrice / SF:
$257/SF- Added:
- Jul 10, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 10 at 3:06 pm
Property Features for 850 W POWELL Blvd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C2-4
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1
- 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
Utilities
- Heating system
- Baseboard
Building Details
- Year built
- 1973
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition, Shingle
Listing agent Yarina Romanyuk (503) 593-0634
Listing office MORE Realty 9792 SW Nimbus Ave, Tigard, OR (503) 353-6673
Listing date Jul 10, 2026
MLS# 561157768
Listing URL
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 updated duplex investment property is offered for sale in Gresham and includes two separate rental units. The listing indicates the property is turnkey, with both units occupied by long-term tenants. Interior inspections are subject to an accepted offer, and tenants should not be disturbed.
The property is located at 850 W Powell Blvd in Gresham, Oregon, in Multnomah County. The public remarks note proximity to shopping, dining, parks, schools, and public transportation.
With a total property size listed at 1,768 square feet on a 0.2-acre lot, this is a duplex format designed for straightforward, two-unit residential income.
The property is located at 850 W Powell Blvd in Gresham, Oregon, in Multnomah County. The public remarks note proximity to shopping, dining, parks, schools, and public transportation.
With a total property size listed at 1,768 square feet on a 0.2-acre lot, this is a duplex format designed for straightforward, two-unit residential income.
Key Highlights
- Duplex built in 1973 with baseboard heating
- Both units are occupied by long‑term tenants
- Roof includes composition shingles
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 | $35.0k | $19.80 |
| − Vacancy | −$1.5k | −$0.83 |
| EGI | $33.5k | $18.97 |
| − OpEx | −$10.1k | −$5.69 |
| NOI | $23.5k | $13.28 |
1,768 SF · lease $19.80/SF/yr · vacancy 4.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Updated duplex in Gresham with both units occupied by long-term tenants and turnkey-ready income.
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: Duplex built in 1973 with baseboard heating; Both units are occupied by long‑term tenants; Roof includes composition shingles
