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Sold on 11/22/2024
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3495 SE 1st St, Gresham, OR 97080

  • $460,000

    Last sold 11/22/2024 after 77 Days

  • —

    bed

  • —

    bath

  • 2,800

    Sqft ($164/Sqft)

Multi-family not for sale
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About 3495 SE 1st St

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Lot size 7,840 Sqft
Parking 2 garage spaces
Rental estimate
Property description
Gresham corner lot duplex in the popular El Camino neighborhood priced to sell. Generous 1400 Sq Ft units with 2 bedrooms, 2 full baths, fireplaces and private rear decks. Oversize garage includes lots of room for storage or hobby area. Forced air electric heat in both units PLUS central AC in Unit 3497. One unit is vacant with fresh interior paint, new LVP flooring and new carpeting, making this duplex a perfect owner occupied opportunity. The investor can taker advantage of the tight rental market and set your own rental rate for the vacant unit.
Listed by
Listing Agent - Tony Lozzi
Listing Agent Contact: 503-665-0111
Listing Office - John L. Scott Portland Metro
Source: RMLS mls logo
MLS#24596903 • last updated 1 year ago
Movoto checked RMLS for data 7 minutes ago
Overview
Cooling/AC Central Air
Heating Forced Air
MLS # 24596903
Type Multi Family
Status Sold
Lot Size (SqFt) 7840
Lot Size (Acres) 0.18
Property Tax 6585.19
Year Built 1978
Exterior
Roof Composition
# Parking Spaces 4
# Garage Spaces 2
Exterior Features T111Siding, WoodSiding
Lot Desc CornerLot, GentleSloping, Level, OnBusline, PublicRoad, Trees
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
Body of Water NA
View Trees/Woods
County Multnomah
Subdivision EL CAMINO
Area 144 - Gresham, Sandy, Troutdale, Corbett
Elementary School Powell Valley
Middle School Gordon Russell
High School Sam Barlow
Zoning RESID
Directions Kane Rd - South Of Division - E On 1st Street To Property On The Left
APN R154893
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 1950
Unit Type 2: Rent 1350
Total # of Units 2
Gross Rent Multiplier 33
Operating Expense Scheduled 10070
Net Operating Income 6130
Operating Expense 10070
Gross Scheduled Income 39600
Gross Income 16200
Cap Rate 1.15
Net Scheduled Income 29530
Lot/ Land Details
Road Surface Paved
  • Jan 2025
    mls logo MLS # 24596903
  • Jan 7, 2025 Sold
    $460,000 (-13.9%)
  • Nov 22, 2024 Pending
    —
  • Sep 6, 2024 Listed
    $534,534

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Nearby homes for sale in Gresham, OR

  • Real Estate
  • OR
  • Multnomah County
  • Gresham
  • 97080
  • Powell Valley
  • 3495 SE 1st St
We are not permitted to show value estimates for this property.

Nearby recently sold homes in Gresham, OR

  • 3495 SE 1st St
    $460K
  • Powell Valley
    $499K -3% y/y
  • 97080
    $534K -2% y/y
  • Gresham
    $499K -2% y/y
No chart available
Statistics calculated by Movoto
4/10
Sam Barlow High School
public Grades 9-12
Gresham-Barlow School District 10j
Source: GreatSchools.org © 2026. All rights reserved.
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