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101 Cornell Ave, Gladstone, OR 97027

$600,000
  • bed

  • bath

  • 2,100

    Sqft ($286/Sqft)

Multi-family for sale 17 days

About 101 Cornell Ave

Property type Multi-family
Neighborhood
Year built 1999
HOA fee $0/month
Parking 2 garage spaces
Rental estimate
Property description
Don't miss the exceptional opportunity in this Gladstone duplex, just blocks from the Clackamas River and downtown Gladstone. This single owner property is ideal for investors offering solid construction, long-term tenants, functional floor plans, and meaningful upside in current rents. Each townhouse-style unit features 2 bedrooms, 1.5 bathrooms, an attached one-car garage, and a private fenced side yard, with separate grassy front yards adding additional outdoor space. The units have been well cared for and provide comfortable, low-maintenance living. Currently occupied by reliable, long-term tenants providing immediate and consistent rental income. Low carrying costs as tenants pay all utilities. Located within close proximity to schools, parks, shopping, dining, and everyday amenities, this duplex offers both tenant appeal and long-term investment potential.
Listed by
Listing Agent - Melissa Ewbank
Listing Office - Vitality Home Realty
Source: RMLS mls logo
MLS#465801563 • last updated 2 weeks ago
Movoto checked RMLS for data 2 minutes ago
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Overview
Heating Forced Air
MLS # 465801563
Type Multi Family
Status Active
Property Tax 7399.64
Year Built 1999
Exterior
Roof Composition
# Parking Spaces 2
# Garage Spaces 2
Exterior Features Vinyl Siding
Lot Desc CornerLot, Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Clackamas
Area 145 - Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
Elementary School John Wetten
Middle School Kraxberger
High School Gladstone
Zoning R5
Directions Corner Of Cornell Ave & First St
APN 543825
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 2
Unit Type 1: Rent 1550
Unit Type 2: Rent 1400
Total # of Units 2
Gross Rent Multiplier 16.95
Net Operating Income 28000
Operating Expense 7400
Gross Income 35400
Cap Rate 4.67
Lot/ Land Details
Road Surface Paved
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Source: GreatSchools.org © 2026. All rights reserved.

Around 145 - Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada

Explore everything this neighborhood has to offer.
49/100
Walk
68/100
Family
72/100
Dining
93/100
Pet
  • Real Estate
  • OR
  • Clackamas County
  • Gladstone
  • 97027
  • 101 Cornell Ave

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