$550,000
SOLD DEC 27, 2024

830 NW Division St Unit 840 Gresham, OR 97030

Northwest Gresham Neighborhood
-- Bed
-- Bath
1,704 Sq Ft
6,969 Sq Ft Lot

Recently Sold

$323 Per Sq Ft

1% Above List Price

11 Days on Market

Highlights

  • Cooling Available
  • Storage
  • Level Lot
  • Security System Owned
  • High Speed Internet
  • Mini Split Heat Pump

About This Home

As of December 2024

Attention savvy investors! If you’re on the hunt for a fully furnished, ready-to-go Airbnb that promises immediate positive cash flow, look no further! Proudly present not one, but two exceptional properties that are primed for success. This charming duplex is ideally situated just steps from Gresham Station and a short stroll to the vibrant downtown Gresham, combining convenience with undeniable charm. Each unit has been meticulously maintained, reflecting a commitment to quality and comfort that is sure to impress your guests. With an array of recent modern updates throughout, the property offers a stylish and functional experience for all who stay.The thoughtfully designed layouts promote privacy and comfort, making each unit feel like a true home away from home. Guests can also enjoy their own private outdoor spaces, complete with patios and yards, perfect for relaxation in an inviting outdoor setting. To enhance overall convenience, a covered carport provides designated parking and additional storage.With its unbeatable location and impressive amenities, this duplex embodies the essence of a turn-key investment. Discover the potential for lucrative returns while offering guests a delightful stay in this charming community. Don’t let this incredible opportunity pass you by! Ready to take the first step toward a profitable investment, here it is!

Last Agent to Sell the Property

Amy Cerruti

Real Broker Brokerage Phone: License #201209300 Listed on: 11/14/2024

Real Broker

Last Buyer's Agent

Patrick Sheehan

Better Homes & Gardens Realty License #200506399

Better Homes & Gardens Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,560

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 6,969 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof

Interior Spaces

  • 1,704 Sq Ft Home
  • 1-Story Property
  • Storage
  • Crawl Space
  • Security System Owned

Parking

  • 2 Parking Spaces
  • Carport
  • Assigned Parking

Schools

  • East Gresham Elementary School
  • Dexter Mccarty Middle School
  • Gresham High School

Utilities

  • Cooling Available
  • Mini Split Heat Pump
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes cabletv, electricity, ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R293305

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $6,310
  • Gross Income $50,000
  • Net Operating Income $43,838

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,560

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1965
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Other
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Concrete, Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, Carport
  • Attached Garage: No
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: None
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Security: SecuritySystemOwned
  • Cooling: MiniSplit
  • Cooling Y N: Yes
  • Heating: MiniSplit, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: East Gresham
  • High School: Gresham
  • Middle Or Junior School: Dexter McCarty

Lot Info

  • Zoning: TLDR
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6969.0
  • Parcel #: R293305

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: CableTV, Electricity, MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 4559.55

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 10.9
  • Annual Gross Income: 50000.0
  • Property Net Operating Income: 43838.0
  • Annual Operating Expense: 6310.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2024
Closed on
Dec 20, 2024
Sold by
Kipers Timothy E and Kipers Patricia A
Bought by
Wand Adam and Wand Christopher
Seller's Agent
Amy Cerruti
Real Broker
Buyer's Agent
Patrick Sheehan
Better Homes & Gardens Realty
List Price
$545,000
Sold Price
$550,000
Premium/Discount to List
$5,000
0.92%
Total Days on Market
11
Views
20
Current Estimated Value
$530,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,341
Avg. Annual Appreciation
-7.33%
Original Mortgage
$540,038
Outstanding Balance
$538,643
Interest Rate
6.78%
Mortgage Type
FHA
Estimated Equity
-$7,984

Purchase Details

Closed on
Dec 10, 2016
Sold by
Kipers Timothy E
Bought by
Kipers Timothy E and Kipers Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2007
Sold by
830 Division Llc
Bought by
Kipers Timothy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,150
Interest Rate
1.4%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 3, 2004
Sold by
Empey Gary W
Bought by
830 Division Llc
Source: Public Records

Similar Homes in the area

  • 1825 NE Roberts Ave, Gresham, OR 97030

    $650,000

    • 6 Beds
    • 3 Baths
    • 2,400 Sq Ft
    • 1825 NE Roberts Ave
    • Gresham, OR

    Unicorn in the heart of Gresham! Rare triplex with 3, 2-bedroom, 1-bathroom units (800 sq ft each) conveniently located near shopping, dining, and public transit. This well-maintained property features a recently remodeled units, complete with luxury vinyl plank flooring. All units are fully leased. Please do not disturb tenants. This well-maintained property offers a unique investment

    Amanda Folkestad Realty Portland

    Section Image
  • 607 NE 3rd St Unit 611, Gresham, OR 97030

    $650,000

    • 6 Beds
    • 3 Baths
    • 607 NE 3rd St
    • Unit 611
    • Gresham, OR

    Amazing Triplex Opportunity – Ideal for Owner-Occupant or Investor! Don’t miss this rare chance to own a well-maintained triplex offering investment potential or a comfortable personal living space! Each unit is identical, featuring two bedrooms and one bathroom. Fall in love with the thoughtful floorplan featuring spacious living and dining rooms, updated kitchens and a cozy fireplace to relax

    Tamiko Warren Real Broker

    Section Image
  • 2313 SE 178th Ave, Portland, OR 97233

    $485,000

    • 5 Beds
    • 2 Baths
    • 1,842 Sq Ft
    • 2313 SE 178th Ave
    • Portland, OR

    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

    John McKay Premiere Property Group, LLC

    Section Image
  • 171 NE Olvera Ct Unit 173, Gresham, OR 97030

    $559,000

    • 4 Beds
    • 2 Baths
    • 2,136 Sq Ft
    • 171 NE Olvera Ct
    • Unit 173
    • Gresham, OR

    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

    Amanda Folkestad Realty Portland

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Warranty Deed $550,000 First American Title
Interfamily Deed Transfer -- Wfg Title
Warranty Deed $213,500 Lawyers Title Ins
Special Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $540,038 FHA
Previous Owner $375,500 New Conventional
Previous Owner $192,500 New Conventional
Previous Owner $192,150 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2024 12/27/24 Sold $550,000 +0.9% $323 / Sq Ft
11/25/2024 11/25/24 Pending -- -- --
11/14/2024 11/14/24 For Sale $545,000 -- $320 / 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
2023 $4,154 $220,640 $0 $0
2022 $4,038 $214,220 $0 $0
2021 $3,937 $207,990 $0 $0
2020 $3,704 $201,940 $0 $0
2019 $3,607 $196,060 $0 $0
2018 $3,439 $190,350 $0 $0
2017 $3,300 $184,810 $0 $0
2016 $2,909 $179,430 $0 $0
2015 $2,847 $174,210 $0 $0
2014 $2,688 $168,270 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24124456

Regional Multiple Listing Service (RMLS)

APN: R293305