$720,000

18635 SE Division St Unit 18639 Gresham, OR 97030

Centennial-Gresham Neighborhood

Estimated payment $4,335/month

7 Beds
4 Baths
2,944 Sq Ft
$245 Price per Sq Ft

Highlights

  • Property is near bus stop
  • 4 Car Garage
  • Level Lot
  • Baseboard Heating

About This Home

Triplex in convenient Gresham location near the Springwater Trail, offering excellent access to outdoor recreation and nearby amenities. Property includes two 2-bedroom, 1-bath units of approximately 750 square feet each, plus a larger 3-bedroom, 2-bath unit of approximately 1,444 square feet—ideal for owner-occupancy or maximizing rental income. Situated on Division Street with easy access to public transportation, making commuting simple and convenient. Ample off-street parking with space for up to 9 vehicles. A versatile property with strong rental appeal and flexible living options.

Listing Agent

Tim Sellers

Berkshire Hathaway HomeServices NW Real Estate Brokerage Phone: 503-668-8050 License #880100065 Listed on: 03/18/2026

Berkshire Hathaway HomeServices NW Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,582

Year Built

  • Built in 1977

Lot Details

  • 0.29 Acre Lot
  • Level Lot

Parking

  • 4 Car Garage
  • Off-Street Parking

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,944 Sq Ft Home
  • Crawl Space

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Location

  • Property is near bus stop

Schools

  • Patrick Lynch Elementary School
  • Centennial Middle School
  • Centennial High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R116026

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $12,222
  • Gross Income $57,540
  • Net Operating Income $45,318

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,582

Year Built

Built in 1977

Lot Details

0.29 Acres

Parking

4

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Year Built: 1977
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 720000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Total Bedrooms: 7
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, OnBusline
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, OffStreet
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 9.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Patrick Lynch
  • High School: Centennial
  • Middle Or Junior School: Centennial

Lot Info

  • Zoning: MR3
  • Lot Size Acres: 0.29
  • Lot Size Sq Ft: 12632.0
  • Parcel #: R116026

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 6581.59

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 12.51
  • Annual Gross Income: 57540.0
  • Property Net Operating Income: 45318.0
  • Annual Operating Expense: 12222.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,582 $347,550 -- --
2024 $6,304 $337,430 -- --
2023 $5,676 $327,610 $0 $0
2022 $5,466 $318,070 $0 $0
2021 $5,486 $308,810 $0 $0
2020 $5,051 $299,820 $0 $0
2019 $4,928 $291,090 $0 $0
2018 $4,727 $282,620 $0 $0
2017 $4,569 $274,390 $0 $0
2016 $4,435 $266,400 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/18/2026 03/18/26 For Sale $720,000 +101.7% $245 / Sq Ft
06/09/2016 06/09/16 Sold $357,000 -10.6% $121 / Sq Ft View Prior Sale
03/25/2016 03/25/16 Pending -- -- --
02/18/2016 02/18/16 For Sale $399,500 -- $136 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $357,000 First American
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Transnation
Warranty Deed $215,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $267,750 New Conventional
Previous Owner $191,000 Purchase Money Mortgage
Previous Owner $193,500 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Tim Sellers
Tim Sellers

Berkshire Hathaway HomeServices NW Real Estate

(971) 459-2050

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I've now been selling real estate for over 37 years! I've been through the ups and downs of the market, and I know how to serve my clients whatever the market conditions. I constantly draw on my knowledge and experience to help my clients get the very best outcome possible. Being part of the Berkshire Hathaway HomeServices NW team provides both me and my clients greater opportunities and exposure to get the job done. I look forward to helping you succeed. Call me for a free consultation at

View Tim's Profile

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 416929709

Regional Multiple Listing Service (RMLS)

APN: R116026

Oregon Multnomah County Gresham 97030 Centennial-Gresham

18635 SE Division St Unit 18639, Gresham, OR

For Sale

MultiFamily

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Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X 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 web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Tim Sellers
Tim Sellers
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Berkshire Hathaway HomeServices NW Real Estate
(971) 459-2050
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