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Sold on 03/18/2017
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21621 SE Alder St, Gresham, OR 97030

  • $699,000

    Last sold 03/18/2017 after 10 Days

  • —

    bed

  • —

    bath

  • 4,758

    Sqft ($147/Sqft)

Multi-family not for sale
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About 21621 SE Alder St

Property type Multi-family
Neighborhood
Year built 1994
HOA fee $0/month
Rental estimate
Property description
Great investment opportunity to own a quality 4 unit complex in Gresham. Rents have been below market for the last couple years. Large commons and parking area. Great location, close to shopping, dining, schools and Public transportation. Private cul de sac and Separate Private Storage Units. Excellent tenants. Well maintained and landscaped Common area. Private patio with Grass fenced yards.
Listed by
Listing Agent - Gordon Vavrek
Listing Office - Premiere Property Group, LLC
Source: RMLS mls logo
MLS#17148259 • last updated 9 years ago
Movoto checked RMLS for data 6 minutes ago
Overview
Cooling/AC None
Heating Wall Furnace
MLS # 17148259
Type Multi Family
Status Sold
Property Tax 7235.54
Year Built 1994
Exterior
Roof Composition
# Parking Spaces 6
Exterior Features Brick, Lap Siding
Lot Desc Cul-de-sac, Level, On Busline, Private
Amenities / Utilities
Hot Water Electricity, Tank
Sewer/ Septic Public Sewer
Water Source Public Water
Location
View Seasonal, Territorial
County Multnomah
Community Features Commons
Subdivision Green Apple Terrace
Area 144 - Gresham, Sandy, Troutdale, Corbett
Elementary School North Gresham
High School Gresham
Zoning C2-4
Directions 216th And SE Alder
APN R172701
Multifamily Details
Unit Type 3: Total Baths 3
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 3
Unit Type 2: # Bedrooms 3
Unit Type 3: # Bedrooms 3
Unit Type 4: Total Baths 3
Unit Type 2: Total Baths 3
Unit Type 4: # Bedrooms 3
Unit Type 1: Rent 975
Unit Type 4: Rent 1020
Unit Type 3: Rent 1015
Unit Type 2: Rent 965
Total # of Units 4
Gross Rent Multiplier 13.4
Net Operating Income 36185
Operating Expense 15989
Gross Income 52174
Cap Rate 5.18
We are not permitted to show value estimates for this property.
  • Apr 2017
    mls logo MLS # 17148259
  • Apr 27, 2017 Sold
    $699,000
  • Mar 18, 2017 Pending
    —
  • Mar 8, 2017 Listed
    $699,000
  • 21621 SE Alder St
    $699K
  • Gresham-North Central
    $490K +15% y/y
  • 97030
    $420K -5% y/y
  • Gresham
    $506K -1% y/y
No chart available
Statistics calculated by Movoto

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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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