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Sold on 08/02/2019
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1635 SE 5th St, Gresham, OR 97080

  • $390,000

    Last sold 08/02/2019 after 4 Days

  • —

    bed

  • —

    bath

  • 876

    Sqft ($445/Sqft)

Multi-family not for sale
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About 1635 SE 5th St

Property type Multi-family
Neighborhood
Year built 1973
HOA fee $0/month
Rental estimate
Property description
Nice duplex with double car garages on both units. Good shape and good rents. Seller is having a new roof and gutters installed shortly. Plenty of parking and storage and close to schools, shopping, bus and shopping. Large fenced back yards, nice floor plan and solid renters. Walk to parks, grade school & middle school. Great location.
Listed by
Listing Agent - Lyn Stevens
Listing Office - RE/MAX Equity Group
Source: RMLS mls logo
MLS#19382344 • last updated 6 years ago
Movoto checked RMLS for data 6 minutes ago
Overview
Cooling/AC None
Heating Ceiling
MLS # 19382344
Type Multi Family
Status Sold
Property Tax 3766.6
Year Built 1973
Exterior
Roof Composition
# Parking Spaces 8
Exterior Features Wood Siding
Lot Desc Level, On Busline, Trees
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Multnomah
Subdivision SHOEMAKERS ADD
Area 144 - Gresham, Sandy, Troutdale, Corbett
Elementary School East Gresham
Middle School Dexter McCarty
High School Sam Barlow
Zoning MULTI
Directions HOGAN TO SE 5TH THEN WEST TO PROPERTY
APN R270147
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 1
Unit Type 1: Rent 1395
Unit Type 2: Rent 1420
Total # of Units 2
Gross Rent Multiplier 10.22
Net Operating Income 27900
Operating Expense 7320
Gross Income 35220
Cap Rate 7.75
We are not permitted to show value estimates for this property.
  • Sep 2019
    mls logo MLS # 19382344
  • Sep 10, 2019 Sold
    $359,900
  • Aug 2, 2019 Pending
    —
  • Jul 29, 2019 Listed
    $359,900
  • 1635 SE 5th St
    $390K
  • Historic Southeast Gresham
    $365K -16% y/y
  • 97080
    $545K 0% y/y
  • Gresham
    $502K -2% y/y
No chart available
Statistics calculated by Movoto

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6/10
East Gresham Elementary School
public Grades K-5
Gresham-Barlow School District 10j
2/10
Dexter Mccarty Middle School
public Grades 6-8
Gresham-Barlow School District 10j
3/10
Gresham High School
public Grades 9-12
Gresham-Barlow School District 10j
Source: GreatSchools.org © 2026. All rights reserved.

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