NOT LISTED FOR SALE

5950 Duniway Ave Gladstone, OR 97027

Estimated Value: $650,038 - $790,000

4 Beds
2 Baths
3,020 Sq Ft
$245/Sq Ft Est. Value

Last Sold December 01, 2023

Last sale price $765,000 $253 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,531/month

91 Days on Market

Highlights

  • Window Unit Cooling System
  • High Speed Internet
  • Wood Siding
  • Forced Air Heating System
  • Gentle Sloping Lot
  • 1-Story Property

About This Home

As of December 2023

Investor opportunity in Gladstone! This rare 4-plex 2 bedroom 1 bath 1 level units has great rental history and turn key ready. Fresh exterior paint, new sewer line installed last year, large lot! on dead-end street, and plenty of parking. Great location with quick access to 99e/Mcloughlin and bus lines. Checks all the boxes for a great rental property investment. Please do not disturb tenants.

Last Agent to Sell the Property

STEPHEN HEINS

Heins Real Estate LLC License #201206397 Listed on: 07/28/2023

Co-Listed By

Jonathan Heins

Heins Real Estate LLC License #780401677

Last Buyer's Agent

Joe Hernandez

Portland Digs License #200809063

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,719

Year Built

  • Built in 1948

Lot Details

  • Gentle Sloping Lot

Parking

  • 8 Car Garage
  • Open Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,020 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number 00520092

Community Details

Overview

  • 4 Units
  • Meldrum Subdivision

Building Details

  • Operating Expense $48,161
  • Gross Income $53,880
  • Net Operating Income $39,961

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,719

Year Built

Built in 1948

Lot Details

0

Parking

8

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1948
  • Property Condition: Approximately
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Exterior Description: LapSiding,WoodSiding
  • Lot Size: 15,000 to 19,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: GentleSloping
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No
  • Garage Spaces: 8.0
  • Total Parking Spaces: 8.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: Mult-Un
  • Parcel #: 00520092

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 5718.65

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 15.76
  • Annual Gross Income: 53880.0
  • Property Net Operating Income: 39961.0
  • Annual Operating Expense: 48161.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2023
Closed on
Dec 1, 2023
Sold by
Kathleen M Gray Trust
Bought by
Parra Jose and Vazquez Eduwiges
Seller's Agent
STEPHEN HEINS
Heins Real Estate LLC
Buyer's Agent
Joe Hernandez
Portland Digs
List Price
$849,000
Sold Price
$765,000
Premium/Discount to List
-$84,000
-9.89%
Views
91
Current Estimated Value
$739,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,990
Avg. Annual Appreciation
-2.52%
Original Mortgage
$573,750
Outstanding Balance
$566,786
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$164,555

Purchase Details

Closed on
Jun 19, 2018
Sold by
Emmert Kathleen and Gray Katheleen M
Bought by
Gray Kathleen Marei and Kathleen M Gray Trust
Source: Public Records

Range of Values:

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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
Parra Jose $765,000 Fidelity National Title
Gray Kathleen Marei -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parra Jose $573,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2023 12/01/23 Sold $765,000 -9.9% $253 / Sq Ft
10/28/2023 10/28/23 Pending -- -- --
10/24/2023 10/24/23 For Sale $849,000 0.0% $281 / Sq Ft
10/03/2023 10/03/23 Pending -- -- --
09/14/2023 09/14/23 Price Changed $849,000 -2.3% $281 / Sq Ft
08/31/2023 08/31/23 Price Changed $869,000 -3.3% $288 / Sq Ft
07/28/2023 07/28/23 For Sale $899,000 -- $298 / Sq Ft
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
2024 $6,149 $304,747 -- --
2023 $6,149 $295,871 $0 $0
2022 $5,719 $287,254 $0 $0
2021 $5,508 $278,888 $0 $0
2020 $5,377 $270,766 $0 $0
2019 $5,315 $262,880 $0 $0
2018 $5,121 $255,223 $0 $0
2017 $4,968 $247,789 $0 $0
2016 $4,805 $240,572 $0 $0
2015 $4,646 $233,565 $0 $0
2014 $4,521 $226,762 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • STEPHEN HEINS

    Seller's Agent in 2023

    STEPHEN HEINS

    Heins Real Estate LLC

    (503) 707-5777

    31 in this area

    64 Total Sales

    STEPHEN HEINS
    Section Image
  • Jonathan Heins

    Seller Co-Listing Agent in 2023

    Jonathan Heins

    Heins Real Estate LLC

    (503) 657-4411

    25 in this area

    46 Total Sales

    Jonathan Heins
    Section Image
  • Joe Hernandez

    Buyer's Agent in 2023

    Joe Hernandez

    Portland Digs

    (503) 807-6165

    1 in this area

    25 Total Sales

    Joe Hernandez
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23442534

Regional Multiple Listing Service (RMLS)

APN: 00520092

Oregon Clackamas County Gladstone 97027

5950 Duniway Ave, Gladstone, OR

This home is located at 5950 Duniway Ave, Gladstone, OR 97027 since 28 July 2023 and is currently estimated at $739,010, approximately $244 per square foot. This property was built in 1948. 5950 Duniway Ave is a home located in Clackamas County with nearby schools including John Wetten Elementary School, Walter L Kraxberger Middle School, and Gladstone High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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 © 2025 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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