Movoto Real Estate
Sold on 08/14/2025
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430 E Hereford St, Gladstone, OR 97027

$575,000

Last sold 08/14/2025 after 48 Days

  • bed

  • bath

Multi-family not for sale

About 430 E Hereford St

Property type Multi-family
Neighborhood
Year built 1979
HOA fee $0/month
Lot size 9,583 Sqft
Parking 2 garage spaces
Rental estimate
Property description
This income-producing duplex in Gladstone presents a flexible and appealing opportunity for both investors and owner-occupants. Located in one of the Portland metro area’s hidden gems, Gladstone offers a small-town feel with quick access to the city, a well-regarded school district, and close proximity to the Clackamas River, parks, shopping, and public transit. Unit 430 is currently vacant and move-in ready—ideal for a new tenant or an owner looking to live onsite—while Unit 432 will be vacating on 6/30, opening the door to new possibilities for full occupancy or dual rental income. Tucked away on a private, wooded lot with off-street parking, the property offers rare privacy while remaining centrally located. Remodeled throughout in 2018, the duplex blends modern updates with timeless charm, including the replacement of the roof and furnaces during the renovation. Each unit enjoys its own private deck and a spacious, fully fenced backyard, perfect for outdoor enjoyment. Unit 430 is a 2BD/2BA with vaulted ceilings and a versatile flex room that can easily function as a third bedroom, home office, or additional living space. Unit 432 is a 2BD/1BA with an attached one-car garage and the same thoughtful finishes. Both homes feature updated, functional kitchens, generously sized bedrooms, and vaulted ceilings that enhance the sense of space and light. Appliances—including freestanding stoves, dishwashers, refrigerators, washers, and dryers—are included in both units. Whether you're looking to expand your rental portfolio or live in one unit while generating income from the other, this well-maintained duplex is a smart buy in a desirable, high-demand area.
Listed by
Listing Agent - Lauren Sheehan
Listing Agent Contact: 503-329-5131
Listing Office - eXp Realty, LLC
Source: RMLS mls logo
MLS#604192012 • last updated 11 months ago
Movoto checked RMLS for data 21 minutes ago
Overview
Cooling/AC Central Air
Heating Forced Air
MLS # 604192012
Type Multi Family
Status Sold
Lot Size (SqFt) 9583
Lot Size (Acres) 0.22
Property Tax 7121.87
Year Built 1979
Exterior
Roof Composition
# Garage Spaces 2
Exterior Features Vinyl Siding
Lot Desc Secluded, Trees
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Clackamas
Subdivision Gladstone
Area 145 - Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
Elementary School John Wetten
Middle School Kraxberger
High School Gladstone
Zoning R5
Directions Oatfield, West On Hereford
APN 533505
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 1
Unit Type 1: Rent 1945
Unit Type 2: Rent 1895
Total # of Units 2
Gross Rent Multiplier 14.09
Net Operating Income 33821
Operating Expense 8755
Gross Income 42576
Cap Rate 5.64
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Aug 2025
    mls logo MLS # 604192012
  • Aug 18, 2025 Pending
  • Jul 22, 2025 Price Change
    $599,900 (-2.5%)
  • Jun 27, 2025 Listed
    $615,000 (-0.8%)
  • Apr 2025
    mls logo MLS # 741045041
  • Apr 21, 2025 Price Change
    $620,000 (-0.6%)
  • Mar 23, 2025 Price Change
    $623,900 (-1.7%)
  • Mar 10, 2025 Price Change
    $635,000 (-2.3%)
  • Feb 18, 2025 Listed
    $649,999 (+77.1%)
  • May 2018
    mls logo MLS # 18204307
  • May 7, 2018 Sold
    $367,000 (-3.4%)
  • Apr 26, 2018 Pending
  • Apr 5, 2018 Listed
    $379,900
  • Year Property taxes Tax assessment
  • 2024
    $7,122 +3.3%
    $352,961 +3.0%
  • 2023
    $6,892 +4.1%
    $342,681 +3.0%
  • 2022
    $6,623 +3.8%
    $332,700 +3.0%
  • 2021
    $6,380 +2.4%
    $323,010 +3.0%
  • 2020
    $6,228 +1.2%
    $313,602 +3.0%
  • 2019
    $6,155 +10.3%
    $304,468 +9.47%
  • 2018
    $5,581 +6.3%
    $278,120 +3.0%
  • 2017
    $5,252
    $270,019
  • 430 E Hereford St
    $575K
  • 145 - Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
  • 97027
    $499K -10% y/y
  • Gladstone
    $504K -9% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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

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