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22222 SE Ash St, Gresham, OR 97030

$474,900
  • —

    bed

  • —

    bath

  • 2,108

    Sqft ($225/Sqft)

Multi-family for sale 98 days
$25K price drop

About 22222 SE Ash St

Property type Multi-family
Neighborhood
Year built 1957
HOA fee $0/month
Lot size 8,276 Sqft
Parking 2 garage spaces
Rental estimate
Property description
Live in one unit and let the other help pay the mortgage. This well maintained duplex sits on a .19-acre corner lot in Gresham’s Newell Park neighborhood, with two 2-bed/1-bath units and 2,100 SF total, including a 336 SF basement in the back unit.Assumable FHA loan at 2.875% for a qualified buyer who will live in one unit. Owner-occupant buyers may also qualify for low down payment financing on a 2-unit property, and lenders often count part of the second unit’s rent toward qualifying. Ask your lender how this one can work for you.The back unit has been refreshed with new LVP flooring, fresh interior paint, a gas range, owner-provided washer/dryer and refrigerator, plus its own enclosed yard. The front unit is carpeted with washer/dryer hookups and an owner-provided refrigerator. Both units are rented month-to-month, with no long-term leases to wait out.A shared detached double garage with a divider wall gives each unit its own space, with a walk-through door on the back unit’s side. Four driveway spaces bring the total to six off-street spots, three tandem per unit. Separate gas and electric meters, and starting in January each unit pays its own water and sewer. Roof is well maintained. Both units have been recently inspected and cleared by the City of Gresham Rental Inspector. Zoned mixed use for flexibility down the road, and the corner lot gives real visibility.Close to Mt. Hood Medical Center, a short drive to Mt. Hood Community College, and right on a bus route.Rather hold it as a rental? Long-term tenants would like to stay, so income is in place from day one. No seller financing. Interior viewing after an accepted offer. Please do not disturb tenants.
Listed by
Listing Agent - Daniela Sardo
Listing Agent Contact: 503-310-9127
Listing Office - Real Broker
Source: RMLS mls logo
MLS#147490588 • last updated 1 week ago
Movoto checked RMLS for data 2 hours ago
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Overview
Cooling/AC None, WindowUnit
Heating Forced Air
MLS # 147490588
Type Multi Family
Virtual Tour External Link
Status Active
Lot Size (SqFt) 8276
Lot Size (Acres) 0.19
Property Tax 4624.84
Year Built 1957
Exterior
Roof Composition
# Parking Spaces 6
# Garage Spaces 2
Exterior Features Wood Siding
Lot Desc CornerLot, Level, OnBusline
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Multnomah
Community Features Front Yard Landscaping
Subdivision Newell Park
Area 144 - Gresham, Sandy, Troutdale, Corbett
Elementary School North Gresham
Middle School Clear Creek
High School Gresham
Zoning CC
Directions SE On Ash From SE 223rd Avenue
APN R225299
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 1400
Unit Type 2: Rent 1695
Total # of Units 2
Gross Rent Multiplier 13
Operating Expense Scheduled 12900
Net Operating Income 23640
Operating Expense 12900
Gross Scheduled Income 39240
Gross Income 36540
Cap Rate 4.98
Net Scheduled Income 26340
Lot/ Land Details
Road Surface Paved
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Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • OR
  • Multnomah County
  • Gresham
  • 97030
  • Gresham-North Central
  • 22222 SE Ash St

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