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Sold on 06/13/2024
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208 SW Wallula Ave, Gresham, OR 97080

  • $590,000

    Last sold 06/13/2024 for $530K

  • —

    bed

  • —

    bath

  • 2,096

    Sqft ($253/Sqft)

Multi-family not for sale
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About 208 SW Wallula Ave

Property type Multi-family
Neighborhood
Year built 1976
HOA fee $0/month
Lot size 9,147 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
Very charming Duplex with many upgrades in a quiet neighborhood. Functional floor plans in side-by-side units with 2 bedrooms upstairs and 1.5 baths. Each unit has its own garage and private backyard. Both units were refreshed with interior paint, new laminate flooring, carpet, and new wall heaters. Note: pictures are of the left unit. Tucked way down a long driveway it has a very private setting. With many major upgrades, this offers a carefree investment opportunity or owner-occupied property with income. The roof replaced in the last 2 years, New Hardiplank siding and new exterior paint last Fall and a new main water line to the house was installed last month. Near Gresham Butte and just 1.1 miles to downtown Gresham, farmers market, & more. Gateway to Troutdale, Mt. Hood, and Happy Valley. Excellent well-qualified tenants. This is well-maintained duplex is a solid income-producing property on day one.
Listed by
Listing Agent - Karoline Ashley
Listing Agent Contact: 503-819-4851
Listing Office - Windermere Realty Trust
Source: RMLS mls logo
MLS#24632396 • last updated 1 year ago
Movoto checked RMLS for data 2 minutes ago
Overview
Cooling/AC None
Heating Wall Heater
MLS # 24632396
Type Multi Family
Status Sold
Lot Size (SqFt) 9147
Lot Size (Acres) 0.21
Property Tax 5343.87
Year Built 1976
Exterior
Roof Composition
# Parking Spaces 4
# Garage Spaces 2
Exterior Features Brick, CementSiding
Lot Desc FlagLot, Level, Private
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
View Trees/Woods
County Multnomah
Subdivision HOLLYBROOK
Area 144 - Gresham, Sandy, Troutdale, Corbett
Elementary School Hollydale
Middle School Clear Creek
High School Gresham
Zoning Duplex
Directions Powell - S On Wallula To Property On East Side Of Street
APN R208509
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 1375
Unit Type 2: Rent 1695
Total # of Units 2
Gross Rent Multiplier 16.04
Operating Expense Scheduled 10000
Net Operating Income 22892
Operating Expense 9518
Gross Scheduled Income 36840
Gross Income 32410
Cap Rate 4.4
Net Scheduled Income 26840
Lot/ Land Details
Road Surface Paved
$590K
Range: $483K-$696K
Last 30 days 
Rental est.: $1,285/month
Gross rent multiplier: 33.7
  • Aug 2024
    mls logo MLS # 24632396
  • Aug 2, 2024 Sold
    $530,000 (+1.9%)
  • Jun 14, 2024 Pending
    —
  • May 21, 2024 Listed
    $520,000 (+79.4%)
  • Apr 2017
    mls logo MLS # 17425099
  • Apr 28, 2017 Sold
    $289,900
  • Mar 28, 2017 Pending
    —
  • Mar 13, 2017 Listed
    $289,900
  • 208 SW Wallula Ave
    $530K
  • Holly Brook
    $479K +61% y/y
  • 97080
    $545K 0% y/y
  • Gresham
    $502K -2% y/y
No chart available
Statistics calculated by Movoto

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3/10
Hollydale Elementary School
public Grades K-5
Gresham-Barlow School District 10j
1/10
Clear Creek 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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