$779,000
SOLD AUG 8, 2025

450 W Gloucester St Gladstone, OR 97027

6 Beds
6 Baths
3,312 Sq Ft
6,098 Sq Ft Lot Lot

Sale Details

Date Sold: August 8, 2025

$235 Per Sq Ft

4% Above List Price

4 Days on Market

Highlights

  • Park or Greenbelt View
  • 2 Car Garage
  • Heating System Mounted To A Wall or Window
  • Landscaped
  • Level Lot

About This Home

As of August 2025

You won't want to miss this opportunity on this Great tri-plex in the heart of Gladstone. First time for sale! Next to Dierickx park with long term tenants, 2 units have garage, lots of parking. Cute little backyards, great floor plans in good condition. Close to public transportation, shopping and restaurants. Owners took amazing care of this property and it shows. Both 420 & 450 W Gloucester St are for sale, this is for one side. Check out the other ML#234477016.(pictures shown are of both units)

Last Agent to Sell the Property

Julie Murray

Realty One Group Pacifica License #200209015 Listed on: 05/31/2025

Last Buyer's Agent

Eileen Hutchinson

Premiere Property Group, LLC License #201210155

Premiere Property Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,980

Year Built

  • Built in 1994

Lot Details

  • 6,098 Sq Ft Lot
  • Landscaped
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,312 Sq Ft Home
  • 2-Story Property
  • Park or Greenbelt Views
  • Crawl Space

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Schools

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

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number 01633281

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $9,706
  • Gross Income $61,200
  • Net Operating Income $51,494

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,980

Year Built

Built in 1994

Lot Details

6,098 Sq Ft Lot

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1994
  • Property Attached Yn: No
  • Current Price For Status: 779000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 6
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Concrete
  • Roof: Composition
  • View: ParkGreenbelt

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 6.0

Utilities

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

Condo/Co-op/Association

  • Community Features: FrontYardLandscaping

Schools

  • Elementary School: John Wetten
  • High School: Gladstone
  • Middle Or Junior School: Kraxberger

Lot Info

  • Zoning: MR
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098.0
  • Parcel #: 01633281

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7980.2

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 12.25
  • Annual Gross Income: 61200.0
  • Property Net Operating Income: 51494.0
  • Annual Operating Expense: 9706.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2025
Closed on
Sep 4, 2025
Sold by
Bought by
Seller's Agent
Julie Murray
Realty One Group Pacifica
Buyer's Agent
Eileen Hutchinson
Premiere Property Group, LLC
List Price
$750,000
Sold Price
$779,000
Premium/Discount to List
$29,000
3.87%
Views
13
Current Estimated Value
$791,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,079
Avg. Annual Appreciation
1.78%
Original Mortgage
$623,200
Outstanding Balance
$618,280
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$172,799

Purchase Details

Listed on
May 31, 2025
Closed on
Jul 31, 2025
Sold by
Bought by
Seller's Agent
Julie Murray
Realty One Group Pacifica
Buyer's Agent
Eileen Hutchinson
Premiere Property Group, LLC
List Price
$750,000
Sold Price
$779,000
Premium/Discount to List
$29,000
3.87%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$623,200
Outstanding Balance
$618,280
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$172,799

Purchase Details

Closed on
Oct 24, 2024
Sold by
Bought by

Purchase Details

Closed on
Jul 17, 1995
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
7.74%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Bargain Sale Deed -- Old Republic National Title
Warranty Deed $779,000 Wfg National Title
Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- Transamerica Title Insurance
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $623,200 New Conventional
Previous Owner $157,500 Commercial
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/08/2025 08/08/25 Sold $779,000 +3.9% $235 / Sq Ft
06/04/2025 06/04/25 Pending -- -- --
05/31/2025 05/31/25 For Sale $750,000 -- $226 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,208 $407,365 -- --
2024 $7,980 $395,500 -- --
2023 $7,980 $383,981 -- --
2022 $7,422 $372,798 $0 $0
2021 $7,149 $361,940 $0 $0
2020 $6,978 $351,399 $0 $0
2019 $6,897 $341,165 $0 $0
2018 $6,647 $331,228 $0 $0
2017 $6,448 $321,581 $0 $0
2016 $6,235 $312,215 $0 $0
2015 $6,016 $303,121 $0 $0
2014 $5,766 $294,292 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 354757197

Regional Multiple Listing Service (RMLS)

APN: 01633281

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