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Sold on 06/14/2019
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605 E Hereford St, Gladstone, OR 97027

  • $703,000

    Last sold 06/14/2019 for $552K

  • —

    bed

  • —

    bath

  • 2,750

    Sqft ($201/Sqft)

Multi-family not for sale
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About 605 E Hereford St

Property type Multi-family
Neighborhood
Year built 1985
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
One Level Two Side by Side Buildings 1985 FOURPLEX in the heart of quiet Gladstone. Well kept property w/patios, storage, w/d hook-up, off-street parking, Walk to school, shopping and restaurants. Easy transportation. Great upside. Fully occupied long term tenants rented WELL BELOW MARKET. Buyer to assume tenants at close. Great opportunity for investors. Please do not disturb tenants. WRITE ALL OFFERS SUBJECT TO INTERIOR INSPECTION.
Listed by
Listing Agent - Haris Wolfgang
Listing Office - Premiere Property Group, LLC
Source: RMLS mls logo
MLS#19042201 • last updated 7 years ago
Movoto checked RMLS for data 26 minutes ago
Overview
Cooling/AC None
Heating Zoned
MLS # 19042201
Type Multi Family
Status Sold
Property Tax 7175.02
Year Built 1985
Exterior
Roof Composition
# Parking Spaces 8
Exterior Features Vinyl Siding
Lot Desc Corner Lot, Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Clackamas
Subdivision GLADSTONE VILLAGE
Area 145 - Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
Elementary School John Wetten
Middle School Kraxberger
High School Gladstone
Zoning R5
Directions Se Oatfield > West On Hereford To The Corner Of Columbia And Hereford
APN 531222
Multifamily Details
Unit Type 3: Total Baths 1
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 2
Unit Type 3: # Bedrooms 2
Unit Type 4: Total Baths 1
Unit Type 2: Total Baths 1
Unit Type 4: # Bedrooms 2
Unit Type 1: Rent 784
Unit Type 4: Rent 741
Unit Type 3: Rent 752
Unit Type 2: Rent 784
Total # of Units 4
Gross Rent Multiplier 14.99
Net Operating Income 26700
Operating Expense 9300
Gross Income 36000
Cap Rate 4.95
$703K
Range: $548K-$857K
Last 30 days 
Rental est.: $1,602/month
Gross rent multiplier: 28.7
  • Jul 2019
    Public Records
  • Jul 22, 2019 Sold
    $552,000
  • Jul 2019
    mls logo MLS # 19042201
  • Jul 22, 2019 Sold
    $552,000 (+2.3%)
  • Jun 14, 2019 Pending
    —
  • Jun 10, 2019 Listed
    $539,500
  • 605 E Hereford St
    $552K
  • 145 - Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
    —
  • 97027
    $519K -9% y/y
  • Gladstone
    $524K -8% y/y
No chart available
Statistics calculated by Movoto

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N/A
Gladstone Center For Children And Families
public Grades PK, K
Gladstone School District 115
5/10
John Wetten Elementary School
public Grades 1-5
Gladstone School District 115
6/10
Walter L Kraxberger Middle School
public Grades 6-8
Gladstone School District 115
6/10
Gladstone High School
public Grades 9-12
Gladstone School District 115
Source: GreatSchools.org © 2026. All rights reserved.

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

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  • OR
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  • 605 E Hereford St
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