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18309 Portland Ave, Gladstone, OR 97027

$689,900

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Property Description

This well-located duplex on Portland Avenue sits in the heart of Gladstone, just two lots down from City Hall and the Police Station, offering unbeatable proximity to Main Street and quick access to 99E / McLoughlin Boulevard for easy commuting. Each unit features a functional layout with three bedrooms, a full bath upstairs, plus a half bath and individual laundry hookups on the main level. The simple, efficient floor plan connects the kitchen and family room into one open living space. Just one block from Gladstone High School, you can hear the soft, distant roar of the crowd during sports events from the nearby athletic fields - a familiar local backdrop that adds to the neighborhood feel. A short walk down Portland Avenue brings you to Gladstone's charming main street with its new library, coffee shops, restaurants, food carts, local watering holes, and true hometown character. With long-term tenants and steady cash flow, this is a dependable investment property in a consistently desirable location, and duplexes like this only come to market a few times a year as many investors hold them long-term - your opportunity awaits; inquire for details

18309 Portland Ave | MLS# 312284857

This multi-family property located at 18309 Portland Ave, Gladstone, OR 97027 is currently listed for sale with an asking price of $689,900. Search Gladstone real estate on drueripp.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: Window Unit(s)
Fuel Type: Electricity
Heating: WallHeater
Lot Size: 50'x144'
Roof Type: Composition
Stories: 2.0
Taxes: $7,955
Year Built: 2002
Square Feet: 2,680

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 3
Features: Range, Refrigerator, WasherDryerHookup
Rent: $1900.00
Square Footage: 1340
Total Units: 2

Feature Descriptions

Days on Site: 30
Exterior: Vinyl Siding
Gross Income: $44400.00 (Actual)
Hot Water: Electricity
Lot Dimensions: 50'x144'
Net Income: $35245.00 (Actual)
Operating Expenses: $9155.00 (Actual)
Parking: Driveway, OnStreet
Parking Notes: Driveway, OnStreet
Sewer: Public Sewer
Units: 2
Water: Public Water

Local Schools

High School: Gladstone
Middle School: Kraxberger
Elementary School: John Wetten

Listed By / Shown By

Listed By

Agency Name: Heins Real Estate LLC
Agency Phone: 503-694-4663

Shown By

Agent Name: Drue Ripp, Broker
Agent Phone: Cell: (541) 668-0339
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 4,352.65 per month $3,488.51 Principal & Interest $662.92 Property Tax $201.22 Homeowner's Insurance

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