Movoto Real Estate
Sold on 12/08/2024
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4038 SE Powell Valley Rd, Gresham, OR 97080

  • $609,042

    Last sold 12/08/2024 for $622K

  • bed

  • bath

  • 2,460

    Sqft ($253/Sqft)

Multi-family not for sale
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About 4038 SE Powell Valley Rd

Property type Multi-family
Neighborhood
Year built 2001
HOA fee $0/month
Lot size 7,405 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
A SOLID Investment property! Cap rate of 5.57% with a very low vacancy rate of 1%. This desirable property is a townhome style duplex with a great functional floorplan. A smart addition to your investment portfolio. The seller is the original owner. It has been well cared for inside and out. Each unit has 3 good size bedrooms, 2.5 baths, wall to wall carpet, newer roof 10/2018, newer LVP floors (4038)-2022 & vinyl floors in 2018 (4048) for easy care and maintenance. The open floor plan is ideal. Kitchens include a double sink, breakfast bar and all appliances for both units. The slider just of the dining area, gives easy access to a private patio & fenced backyard perfect. Six New LED front security lights provide ample light at night. The vinyl siding makes your maintenance and upkeep a breeze. On a bus line and less than a mile for shopping, dining & parks makes this a perfect location. Easy access to I84. Photos of unit 4048 were taken prior to the tenant move in and 4038 were taken in June of 2024.
Listed by
Listing Agent - Tami Liesy
Listing Office - Keller Williams PDX Central
Source: RMLS mls logo
MLS#24463018 • last updated 1 year ago
Movoto checked RMLS for data 3 minutes ago
Overview
Heating Wall Heater
MLS # 24463018
Type Multi Family
Status Sold
Lot Size (SqFt) 7405
Lot Size (Acres) 0.17
Property Tax 7047
Year Built 2001
Exterior
Roof Composition
# Parking Spaces 2
# Garage Spaces 2
Exterior Features Vinyl Siding
Lot Desc Level, OnBusline, Trees
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Multnomah
Subdivision Kelly Creek
Area 144 - Gresham, Sandy, Troutdale, Corbett
Elementary School Kelly Creek
Middle School Gordon Russell
High School Sam Barlow
Zoning LDR-7
Directions NE Kane Dr/SW 257th Turn East Of SE Powell Valley Rd Property Will Be On Your Right
APN R239833
Multifamily Details
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 7
Unit Type 2: # Bedrooms 3
Unit Type 2: Total Baths 7
Unit Type 1: Rent 2195
Unit Type 2: Rent 1995
Total # of Units 2
Gross Rent Multiplier 12.75
Net Operating Income 34958
Operating Expense 14277
Gross Income 49236
Cap Rate 5.57
Lot/ Land Details
Road Surface Paved
$609K
Range: $548K-$669K
Last 30 days 
Rental est.: $1,369/month
Gross rent multiplier: 38.2
  • Dec 2024
    mls logo MLS # 24463018
  • Dec 9, 2024 Pending
  • Oct 25, 2024 Listed
    $627,900
  • Dec 2024
    mls logo MLS # 24357928
  • Dec 9, 2024 Pending
  • Oct 25, 2024 Listed
    $627,900 (-1.1%)
  • Jul 2024
    mls logo MLS # 24476598
  • Jul 19, 2024 Price Change
    $634,900 (-1.6%)
  • Jun 21, 2024 Listed
    $644,900
  • Jun 2024
    mls logo MLS # 24549755
  • Jun 21, 2024 Listed
    $644,900
  • 4038 SE Powell Valley Rd
    $622K
  • Kelly Creek
    $420K -23% y/y
  • 97080
    $544K 0% y/y
  • Gresham
    $499K -2% y/y
No chart available
Statistics calculated by Movoto

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4/10
Source: GreatSchools.org © 2026. All rights reserved.

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  • 4038 SE Powell Valley Rd
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