Updated Duplex with Two-Car
880 NW FLORENCE Ave Gresham, OR 97030
New
For Sale
$525,000
MULTI_FAMILY - Gresham, OR
Property Size1,708 SF
Lot Size0.17 Acres
Price / SF$307.38
Days on Market2
Property Features for 880 NW FLORENCE Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1
Standard status
Active
APN
R129538
Size
1,708 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
CASCADE VIEW AC, N 60' OF S 300' OF LOT 7 EXC PT IN ST
Tax Annual Amount
5446
Utilities
Heating system
Zoned
Building Details
Year built
1968
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Kohler Meyers O'Halloran Inc.
(503) 661-8000
Listed By:
Darren O'Halloran
(503) 703-8168
Added: Jul 29
Last Checked: Jul 30 at 11:06AM
MLS# 195225288
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 one-level duplex offers two residential units with large living rooms featuring gas fireplaces installed in 2019. The property includes a new roof installed in 2021. Hot water heaters are electric and are plumbed for gas. Each unit has a patio and access to a fenced backyard.
The duplex is located at 880 NW Florence Ave in Gresham, Oregon. The listing notes convenient proximity to Gresham Station Mall, the Multnomah County Library, and Historic Downtown Gresham.
The property is zoned MULTI and includes a spacious two-car garage that provides storage space for the duplex.
The duplex is located at 880 NW Florence Ave in Gresham, Oregon. The listing notes convenient proximity to Gresham Station Mall, the Multnomah County Library, and Historic Downtown Gresham.
The property is zoned MULTI and includes a spacious two-car garage that provides storage space for the duplex.
Key Highlights
- Updated one‑level duplex built in 1968 with zoned heating
- New roof installed in 2021
- Gas fireplaces in the large living rooms installed in 2019 (additional heat source)
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 | $33.8k | $19.80 |
| − Vacancy | −$1.4k | −$0.83 |
| EGI | $32.4k | $18.97 |
| − OpEx | −$9.7k | −$5.69 |
| NOI | $22.7k | $13.28 |
1,708 SF · lease $19.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.0K
$283.5K – $378.0K
NOI $22,679 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$291.3K
$254.9K – $339.8K
NOI $20,388 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$390.3K
$341.5K – $455.4K
NOI $27,321 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Updated one-level duplex with two-car garage, patios, fenced backyards, and gas fireplaces in large living rooms.
Where is this duplex located?
The property is located at 880 NW FLORENCE Ave Gresham, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Updated one‑level duplex built in 1968 with zoned heating; New roof installed in 2021; Gas fireplaces in the large living rooms installed in 2019 (additional heat source)
