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Sold on 05/27/2022
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18737 SE Division St, Gresham, OR 97030

  • $1,415,000

    Last sold 05/27/2022 after 48 Hours

  • —

    bed

  • —

    bath

  • 10,360

    Sqft ($137/Sqft)

Multi-family not for sale
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About 18737 SE Division St

Property type Multi-family
Neighborhood
Year built 1997
HOA fee $0/month
Rental estimate
Property description
The Cascade Garden Apts is a low-density, well cared for community featuring an original duplex comprised of 2BR/1BA floor plans built in 1943 along with 8- 1BR/1.5BA TH floor plans built in 1997. Each unit features a garage (attached or detached), W/D, gas fireplace, & backyard patio. Pristine landscape & grounds with most of the units set back off the street providing a tranquil & quiet setting. Well cared for with recent upgrades; roofing in 2020, exterior paint, & various interior upgrades.
Listed by
Listing Agent - Phillip Barry
Listing Office - Joseph Bernard LLC
Source: RMLS mls logo
MLS#22245826 • last updated 3 years ago
Movoto checked RMLS for data 44 minutes ago
Overview
Heating Forced Air
MLS # 22245826
Type Multi Family
Status Sold
Property Tax 13974.7
Year Built 1997
Exterior
Roof Composition
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Multnomah
Area 144 - Gresham, Sandy, Troutdale, Corbett
Elementary School Patrick Lynch
Middle School Centennial
High School Centennial
Zoning CMF
Directions SE Division St/SE 190th Ave
APN R293273
Multifamily Details
Unit Type 1: # Bedrooms 1
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 1
Unit Type 1: Rent 978
Unit Type 2: Rent 863
Total # of Units 10
Gross Rent Multiplier 12.26
Operating Expense Scheduled 54736
Net Operating Income 58098
Operating Expense 51972
Gross Scheduled Income 156126
Gross Income 110070
Cap Rate 4.3
Net Scheduled Income 101390
  • Jul 2022
    mls logo MLS # 22245826
  • Jul 29, 2022 Sold
    $1,415,000 (+4.8%)
  • May 27, 2022 Pending
    —
  • May 25, 2022 Listed
    $1,350,000

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Nearby homes for sale in Gresham, OR

  • Real Estate
  • OR
  • Multnomah County
  • Gresham
  • 97030
  • Gresham-Centennial
  • 18737 SE Division St
We are not permitted to show value estimates for this property.

Nearby recently sold homes in Gresham, OR

  • 18737 SE Division St
    $1.41M
  • Gresham-Centennial
    $404K +2% y/y
  • 97030
    $425K 0% y/y
  • Gresham
    $499K -2% y/y
No chart available
Statistics calculated by Movoto
4/10
Lynch View Elementary School
public Grades K-5
Centennial School District 28j
3/10
Centennial Middle School
public Grades 6-8
Centennial School District 28j
3/10
Centennial High School
public Grades 9-12
Centennial School District 28j
Source: GreatSchools.org © 2026. All rights reserved.
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