480 NE 18th St

Gresham OR 97030

2610 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

LIVE IN ONE. RENT THE OTHER. BUILD EQUITY. This exceptional duplex offers an ideal combination of comfortable owner-occupied living and investment potential. Each spacious unit features 3 bedrooms, 1.5 baths and 1,305 sq ft, providing substantially more living space than many typical duplexes. The generous floor plans, quality updates and private outdoor spaces make this an especially attractive opportunity for an owner-occupant who wants to enjoy one home while rental income helps offset the mortgage. Both units feature new high-efficiency electric furnaces, new windows, new Hardie Plank siding and new roofs. One unit has new LVP flooring; the other features new engineered hardwood flooring. Each unit also includes a deep one-car garage, large fenced backyard and driveway parking for two vehicles, plus additional space suitable for RV parking. For investors, this property offers a compelling value-add opportunity. Both units are currently occupied by tenants on month-to-month leases who would like to stay, providing immediate rental income and minimizing vacancy risk. Current rents offer room for future increases, creating potential for stronger cash flow and improved returns. The property’s convenient location near shopping, bus lines and schools adds to its rental appeal and long-term marketability. Whether you're looking for a spacious home with income-producing potential or an investment with rent upside, durable improvements and future value-add potential, this duplex deserves a closer look!