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$619,000
4 Days On Site

480 NE 18TH ST
Gresham, OR 97030

For Sale|Multi Family|Active
6
Beds
4
Total Baths
2,610
SqFt
$237
/SqFt
1978
Built
Subdivision:
NORTH CENTRAL
County:
Multnomah
Listing courtesy of Jules Williamson of Realty One Group Prestige (503) 498-8123
480 NE 18TH ST480 NE 18TH ST480 NE 18TH ST480 NE 18TH ST
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Investors, take notice! This spacious duplex offers strong rental appeal, substantial recent improvements and opportunity for future income growth with two well-sized 3-bedroom units. Both units are currently rented below their potential, creating an opportunity to increase rents and improve future cash flow. Each unit offers 3 bedrooms, 1.5 baths and 1,305 sq ft, along with a one-car garage, large fenced backyard and driveway parking for two vehicles. There is also additional space suitable for RV parking—an attractive tenant amenity. Significant capital improvements are already in place, including new high-efficiency electric furnaces, new HardiePlank siding, new windows and a new roof. One unit features new LVP flooring, while the other has new engineered hardwood flooring, reducing near-term capital improvement needs. Both units are occupied by month-to-month tenants who would like to stay, providing immediate rental income with potential to minimize turnover and leasing costs. Current rents offer room for future increases. Conveniently located near shopping, bus lines and schools, this property offers investors a compelling combination of existing income, rent-growth potential, quality improvements and long-term value-add opportunity. Whether you're looking for an investment with rent upside, or an owner-occupied opportunity with durable improvements and future value-add potential, this duplex deserves a closer look!

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Listing Snapshot
Price 
$619,000
Days On Site 
4 Days
Bedrooms 
6
Inside Area (SqFt) 
2,610 sqft
Total Baths 
4
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.19 Acres
Year Built 
1978
MLS Number 
433997688
Status 
Active
Property Tax 
$6,887.11
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
21 hours agoListing updated with changes from the MLS
21 hours agoStatus changed to Active
5 days agoListing first seen on site
General Features
Acres 
0.19
Disclosures 
Disclosure
Foundation 
Concrete Perimeter
Garage 
Yes
Garage Spaces 
2
Parking 
DrivewayGarage
Parking Spaces 
4
Property Condition 
Updated/Remodeled
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Total 
2610
Water Source 
Public
Zoning 
LDR-5
Interior Features
Appliances 
Gas Water Heater
Basement 
Crawl Space
Heating 
Forced Air
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Exterior Features
Lot Features 
Level
Roof 
Composition
Community Features
MLS Area 
_144
Financing Terms Available 
CashConventionalFHA
Roads 
Paved
Schools
School District
Unknown
Elementary School
Highland
Middle School
Clear Creek
High School
Gresham
Listing courtesy of Jules Williamson of Realty One Group Prestige (503) 498-8123



The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Realty One Group Prestige are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

Last checked 2026-10-21 10:37 AM PDT.

All information provided is deemed reliable but is not guaranteed and should be independently verified

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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