$690,000
SOLD AUG 13, 2025

247 Ipswich St Gladstone, OR 97027

6 Beds
6 Baths
1,294 Sq Ft
1996 Built

Recently Sold

$533 Per Sq Ft

5% Below List Price

58 Days on Market

Highlights

  • Forced Air Heating System
  • 4 Car Garage
  • Level Lot

About This Home

As of August 2025

NEW PRICE! GROSS INCOME IS FOR ONE SIDE $2400 X 12 + $57,600. Expenses are estimates only. Check out this deligjhtful community. Street is mostly single family residences with only two duplexes on the nearly two block long street. Great level walk to transportation, shopping and parks. Both sides have been remodeled in the last few months. The vacant side has not been occupied since the remodel. All new appliances. Each side has a double garage plus space in front of the garages for two additional off street parking spaces.New roof 2017, Furnaces replaced; left 2017, right 2018, water heaters replaced; left 2025, right 2020. Buy and live in one side and let the tenant pay your mortgage payment.Pictures 2-22 are left side when remodel was done before current tenant moved in. Pictures 2-36 are from right side when remodel was completed, noone had lived in it after the remodel was complete

Last Agent to Sell the Property

Lloyd Pruitt

Keller Williams Realty Professionals License #780401108 Listed on: 05/12/2025

Keller Williams Realty Professionals

Last Buyer's Agent

Vicki Nguyen

MORE Realty License #200004080

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,532

Year Built

  • Built in 1996 | Remodeled

Lot Details

  • Lot Dimensions are 49x99
  • Level Lot

Parking

  • 4 Car Garage
  • Garage Door Opener

Home Design

  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Schools

  • Kraxberger Middle School
  • Gladstone High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number 01867144

Community Details

Overview

  • 2 Units
  • Gladstone Subdivision

Building Details

  • Operating Expense $10,000
  • Gross Income $57,600
  • Net Operating Income $47,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,532

Year Built

Built in 1996 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1996
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Total Bedrooms: 6
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, GarageDoorOpener
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Other
  • High School: Gladstone
  • Middle Or Junior School: Kraxberger

Lot Info

  • Zoning: res
  • Lot Size: 49x99
  • Parcel #: 01867144

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 8532.5
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.33
  • Annual Gross Income: 57600.0
  • Property Net Operating Income: 47800.0
  • Annual Operating Expense: 10000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2024
Sold by
Fallert Kelly
Bought by
Ramirez Pedro Alvarado and Gallegos Maria Azucena

Purchase Details

Closed on
Nov 14, 2006
Sold by
Bjork Ann M and Coffey Evelyn A
Bought by
Schricker Theodor K and Schricker Barbara S
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- None Listed On Document
Warranty Deed $360,000 Fidelity Natl Title Co Of Or
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 Sold $690,000 -2.8% $533 / Sq Ft
07/09/2025 07/09/25 Pending -- -- --
07/05/2025 07/05/25 Price Changed $710,000 -0.7% $549 / Sq Ft
06/27/2025 06/27/25 Price Changed $715,000 -0.7% $553 / Sq Ft
06/13/2025 06/13/25 Price Changed $720,000 -0.7% $556 / Sq Ft
05/12/2025 05/12/25 For Sale $725,000 0.0% $560 / Sq Ft
10/08/2024 10/08/24 Off Market $2,495 -- --
09/11/2024 09/11/24 Price Changed $2,495 -2.5% $2 / Sq Ft
08/19/2024 08/19/24 For Rent $2,560 -- --
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

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
2023 $8,533 $410,556 $0 $0
2022 $7,935 $398,599 $0 $0
2021 $7,643 $386,990 $0 $0
2020 $7,461 $375,719 $0 $0
2019 $7,375 $364,776 $0 $0
2018 $7,107 $354,151 $0 $0
2017 $6,894 $343,836 $0 $0
2016 $6,667 $333,821 $0 $0
2015 $6,447 $324,098 $0 $0
2014 $6,261 $314,658 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 728852196

Regional Multiple Listing Service (RMLS)

APN: 01867144