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Sold on 11/08/2019
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540 SE Kay Pl, Gresham, OR 97080

  • $626,000

    Last sold 11/08/2019 for $367K

  • —

    bed

  • —

    bath

  • 2,048

    Sqft ($179/Sqft)

Multi-family not for sale
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About 540 SE Kay Pl

Property type Multi-family
Neighborhood
Year built 1973
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
OPEN SAT, NOV 9TH, 1-3PM BOM, buyers could not close. Great opportunity for investors or owner occupied buyers, who want to live on one side and reap the benefits of renting the other side out. One unit is 3 bedrooms and 1 bath and the other unit is 2 bedrooms and 1 bath. There is a 2 car garage and both units have a fenced yard. This is a no brainer!
Listed by
Listing Agent - Jean Adcock
Listing Office - RE/MAX Equity Group
Source: RMLS mls logo
MLS#19226253 • last updated 5 years ago
Movoto checked RMLS for data 4 minutes ago
Overview
Heating Baseboard
MLS # 19226253
Type Multi Family
Status Sold
Property Tax 3476.6
Year Built 1973
Exterior
Roof Composition
# Parking Spaces 2
Exterior Features Wood Siding
Lot Desc Cul-de-sac, Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Multnomah
Subdivision Downtown Gresham
Area 144 - Gresham, Sandy, Troutdale, Corbett
Elementary School East Gresham
Middle School Dexter McCarty
High School Gresham
Zoning LDR
Directions South Of Powell On Roberts, East On 5th, South On Kay Place
APN R195199
Multifamily Details
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 1
Unit Type 1: Rent 1100
Total # of Units 2
Gross Rent Multiplier 27.65
Operating Expense Scheduled 6667
Net Operating Income 11904
Operating Expense 5371
Gross Scheduled Income 30000
Gross Income 13200
Cap Rate 3.26
Net Scheduled Income 27408
$626K
Range: $507K-$744K
Last 30 days 
Rental est.: $1,285/month
Gross rent multiplier: 23.7
  • Dec 2019
    mls logo MLS # 19226253
  • Dec 4, 2019 Sold
    $367,500 (+0.7%)
  • Oct 3, 2019 Pending
    —
  • Sep 30, 2019 Listed
    $365,000
  • 540 SE Kay Pl
    $367K
  • Historic Southeast Gresham
    $365K -16% y/y
  • 97080
    $545K 0% y/y
  • Gresham
    $502K -2% y/y
No chart available
Statistics calculated by Movoto

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6/10
East Gresham Elementary School
public Grades K-5
Gresham-Barlow School District 10j
2/10
Dexter Mccarty 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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