Two-Unit Duplex with
New
For Sale
$530,000
911 NW VICTORIA AVE, Gresham, OR 97030
Each residence pairs a two-bedroom layout with a bathroom and an individual garage.
Property Size1,730 SF
Days on Market2
Property Features for 911 NW VICTORIA AVE
General Information
Standard status
Active
Size
1,730 SF
Property subtype
MULTI_FAMILY
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,146
Building Details
Building Size
1,730 SF
Year Built
1979
Listing Agency:
Found It LLC
Listed By:
Leilani Powell · License #201206142
(503) 804-0587
Source:
Eleeterealestate
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:53AM
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 Found It LLC
Investment Insights
Based on property information with market context.
Built in 1979, this duplex has two residences, each with two bedrooms, a bathroom, and a garage. Improvements include a new roof, kitchen and bathroom updates, and refreshed exterior paint and fencing. One unit has been fully remodeled. The driveway was updated in 2020, and attic insulation was upgraded in 2018.
The property is near the MAX Line and shops in Historic Downtown Gresham.
The property is near the MAX Line and shops in Historic Downtown Gresham.
Key Highlights
- Two residences, each with two bedrooms, a bathroom, and a garage
- One unit has been fully remodeled
- New roof; kitchens, bathrooms, exterior paint, and fencing have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,971
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,420
$459.4K
Cap Rate 7%
$328,157
$328.2K
Cap Rate 9%
$255,233
$255.2K
Market Conditions
NOI Build-Up for 1,730 SF
Gross rent
$34.3K $19.80/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$32.8K $18.97/SF
− OpEx
−$9.8K −$5.69/SF
NOI
$23.0K $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 Rate 5%
$459,420
Cap Rate 7%
$328,157
Cap Rate 9%
$255,233
Alternative Uses
Best Use
Multifamily LT 5
$328.2K
$287.1K – $382.9K
NOI $22,971 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$295.0K
$258.1K – $344.2K
NOI $20,650 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$395.3K
$345.9K – $461.2K
NOI $27,673 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,760
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence pairs a two-bedroom layout with a bathroom and an individual garage.
Where is this duplex located?
The property is located at 911 NW VICTORIA AVE Gresham, OR.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Two residences, each with two bedrooms, a bathroom, and a garage; One unit has been fully remodeled; New roof; kitchens, bathrooms, exterior paint, and fencing have been updated
