Great Gresham investment property tucked away from the street and features an abundance of natural light and an inviting open-layout in the living spaces. This duplex offers 2 units. Recent rehab on both units. The first unit is 3 beds 1 baths and the second unit offers 2 beds and 1 baths. Both units are leased to quality tenants. Unit 2 is on a mont to month lease so rent can be raised. Unit 1 lease expired end of June.
Remarks Public: Great Gresham investment property tucked away from the street and features an abundance of natural light and an inviting open-layout in the living spaces. This duplex offers 2 units. Recent rehab on both units. The first unit is 3 beds 1 baths and the second unit offers 2 beds and 1 baths. Both units are leased to quality tenants. Unit 2 is on a mont to month lease so rent can be raised. Unit 1 lease expired end of June.
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Legal Description: WY EAST, BLOCK 2, LOT 8
Storage: Garage(s)
Exterior Features
Exterior Description: Wood Siding
Lot Size: 0K to 2,999 SqFt
Roof Type: Shingle
Garage/Parking
Parking Description: Detached, Garage
Utilities
Fuel Description: Electricity
Hot Water: Electricity
Sewer: Public Sewer
Water Description: Public
Heating Description: Zoned
Security: Handicap Access
Condo/Co-op/Association
Management Name: Greenbridge Properties
Unit Features: Dishwasher, Disposal, Range
Lot Info
Zoning: R4
Rental Info
Rent Includes: None
Tax Info
Tax Amount: 3180.55
Assessor Parcel Number: R313633
Multi Family
Unit Type: 1, 2
Number Of Units Total: 2
Gross Rent Multiplier: 11.11
Ownership History
DateNameOwned ForOwner Type
Feb 2022 - PresentScherler Wallace L and Scherler Patricia3 Years and 4 Months
Private Individual
Purchase Details
Closed on
Feb 7, 2022
Sold by
Scherler Wallace L
Bought by
Scherler Wallace L and Scherler Patricia
Total Days on Market
5
Current Estimated Value
$458,616
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Outstanding Balance
$197,402
Interest Rate
3.01%
Mortgage Type
Balloon
Oct 2017 - Feb 2022Scherler Wallace L and Scherler Luke W4 Years and 4 Months
Private Individual
Purchase Details
Listed on
Jun 5, 2017
Closed on
Oct 29, 2017
Sold by
Dev Prem Sagar
Bought by
Scherler Wallace L and Scherler Luke W
Seller's Agent
David Biglen
Greenbridge Properties, LLC
Buyer's Agent
Darren O'Halloran
Kohler Meyers O'Halloran Inc.
List Price
$340,000
Sold Price
$330,000
Premium/Discount to List
-$10,000
-2.94%
Oct 2008 - Oct 2017Dev Prem Sagar and Dev Madhy9 Years
Private Individual
Purchase Details
Closed on
Oct 28, 2008
Sold by
Taylor Steven F
Bought by
Dev Prem Sagar and Dev Madhy
May 2005 - Oct 2008Taylor Steven F and Taylor Anila3 Years and 5 Months
Private Individual
Purchase Details
Closed on
May 23, 2005
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Taylor Steven F and Taylor Anila
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac
Sep 2004 - May 2005Federal Home Loan Mortgage Corporation8 Months
Company
Purchase Details
Closed on
Sep 10, 2004
Sold by
Citimortgage Inc
Bought by
Federal Home Loan Mortgage Corporation
Sep 2004 - Sep 2004Citimortgage IncLess than a month
Private Individual
Purchase Details
Closed on
Sep 9, 2004
Sold by
Hawes Leslie A
Bought by
Citimortgage Inc
Dec 1997 - Sep 2004Hawes Donald K and Hawes Leslie A6 Years and 9 Months
Private Individual
Purchase Details
Closed on
Dec 11, 1997
Sold by
Kelly Arthur Joseph Michael
Bought by
Hawes Donald K and Hawes Leslie A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Income-producing duplex in thriving downtown Gresham--fantastic location just off Main Street's shops & restaurants. Centrally situated with access to services and transportation makes this easy to rent. Well-maintained property with newer paint, floors and appliances. Property is professionally managed--possible owner-occupied with rental unit. DCC zoning offers commercial possibilities. Keep
Don’t miss this turnkey side-by-side duplex on a quiet cul-de-sac near Mt. Hood Community College and Mt. Hood Kaiser Medical Center. Each one-level unit offers 1,068 square feet of comfortable living, featuring large bedrooms, in-unit laundry rooms, and convenient tuck-under garages. Both units include full kitchens with dishwashers, generous living areas, and access to a large backyard—perfect
Great income producing duplex or live in one unit while offsetting your mortgage with income. Conveniently located in a charming, established SE Portland neighborhood! The main level is 1032sqft with three bedrooms and one bathroom, beautifully refinished hardwood floors and a new slider that opens to a covered patio. The kitchen is fully equipped and opens to a spacious dining area with built-in
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ICE
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Purchase History
Date
Buyer
Sale Price
Title Company
Scherler Wallace L
$101,000
First American Title
Scherler Wallace L
$330,000
Wfg Title
Dev Prem Sagar
$140,000
None Available
Taylor Steven F
$201,500
First American
Federal Home Loan Mortgage Corporation
$160,000
Fatco
Citimortgage Inc
$160,000
Fatco
Hawes Donald K
$163,000
Fidelity National Title Co
Source: Public Records
Mortgage History
Date
Status
Borrower
Loan Amount
Open
Scherler Luke W
$230,000
Previous Owner
Scherler Wallace L
$230,000
Previous Owner
Scherler Luke W
$231,000
Previous Owner
Taylor Steven F
$20,000
Previous Owner
Taylor Steven F
$125,000
Previous Owner
Hawes Donald K
$146,700
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
10/31/201710/31/17
Sold
$330,000
-2.9%
$168 / Sq Ft
06/10/201706/10/17
Pending
--
--
--
06/05/201706/05/17
For Sale
$340,000
--
$174 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 595 NE 18th St Unit 603, Gresham, OR 97030 since 05 June 2017 and is currently estimated at $458,616, approximately $234 per square foot. This property was built in 1978. 595 NE 18th St Unit 603 is a home located in Multnomah County with nearby schools including Highland Elementary School, Clear Creek Middle School, and Gresham High School.
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