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Sold on 03/10/2022
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1241 SE Olvera Pl, Gresham, OR 97080

  • $568,000

    Last sold 03/10/2022 for $552K

  • —

    bed

  • —

    bath

  • 2,780

    Sqft ($199/Sqft)

Multi-family not for sale
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About 1241 SE Olvera Pl

Property type Multi-family
Neighborhood
Year built 1981
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
Charming, turn-key ready duplex in quiet neighborhood. Great opportunity for investment or a first-time home buyer to live in one unit, and continue renting the other. Large, fenced backyard with deck off kitchen/dining area. Deck stairs allow easy access to backyard & covered patio area. Large living area and bedrooms. Newer furnaces in both units. Ideal location to parks, stores, and schools. Mt. Hood recreation less than 1 hour away. A must see!
Listed by
Listing Agent - Paul Sowards
Listing Agent Contact: 503-781-8652
Listing Office - MORE Realty
Source: RMLS mls logo
MLS#22437630 • last updated 4 years ago
Movoto checked RMLS for data 1 hour ago
Overview
Cooling/AC Central Air
Heating Forced Air
MLS # 22437630
Type Multi Family
Status Sold
Property Tax 4641.72
Year Built 1981
Exterior
Roof Composition
Exterior Features Wood Siding
Lot Desc Cul-de-sac, Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Multnomah
Subdivision KELLY CREEK
Area 144 - Gresham, Sandy, Troutdale, Corbett
Elementary School Kelly Creek
Middle School Gordon Russell
High School Sam Barlow
Zoning LDR-5
Directions Hwy 26 To Palmquist, Left On Kane To Right On 12th To Olvera Pl
APN R242944
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 1450
Unit Type 2: Rent 1400
Total # of Units 2
Gross Rent Multiplier 20.67
Net Operating Income 23945
Operating Expense 2572
Gross Income 26607
Cap Rate 4.35
Lot/ Land Details
Road Surface Paved
$568K
Range: $477K-$658K
Last 30 days 
Rental est.: $1,292/month
Gross rent multiplier: 35.5
  • Mar 2022
    mls logo MLS # 22437630
  • Mar 31, 2022 Sold
    $552,500 (+0.5%)
  • Jan 26, 2022 Pending
    —
  • Jan 24, 2022 Listed
    $549,900
  • Jan 2022
    mls logo MLS # 22527337
  • Jan 21, 2022 Listed
    $549,900
  • 1241 SE Olvera Pl
    $552K
  • Kelly Creek
    $474K -13% y/y
  • 97080
    $549K 0% y/y
  • Gresham
    $507K -1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Kelly Creek Elementary School
public Grades K-5
Gresham-Barlow School District 10j
1/10
Gordon Russell Middle School
public Grades 6-8
Gresham-Barlow School District 10j
4/10
Sam Barlow High School
public Grades 9-12
Gresham-Barlow School District 10j
Source: GreatSchools.org © 2026. All rights reserved.

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  • 1241 SE Olvera Pl
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