461 W GLOUCESTER ST, Gladstone, OR 97027
461 W GLOUCESTER ST, Gladstone, OR 97027
461 W GLOUCESTER ST, Gladstone, OR 97027
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Mike Farrell

Mike Farrell

+1(360) 910-1926
Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$2,299,900
Est. payment /mo
9,360 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,360 sqft

Price per Sqft $245

Subdivision Gladstone

MLS Listing ID 297829268

Year Built 1978

Annual Tax Amount $18,893

Tax Year 2025

Lot Size 0.870 Acres

Property Description

Fully leased and stabilized multifamily investment opportunity in Gladstone offering established tenancy and immediate in place income from day one. The offering includes twelve two bedroom, one bathroom residences across three buildings, with each unit offering 780 square feet and a mix of single level and two level layouts. The consistent and marketable unit mix is complemented by abundant off street parking, in unit laundry, fireplaces, private outdoor space for each residence, dishwashers and durable, easy to maintain finishes that support a straightforward long term management profile. Mature landscaping and generous surface parking add everyday convenience, while the combination of private outdoor space, laundry within each residence and comfortable unit layouts provides tenant friendly features that can help support continued retention and rental demand. The location adds further appeal, with Gladstone Crossing nearby, convenient access to Safeway and everyday shopping along McLoughlin Boulevard, and local dining and services along Portland Avenue and Arlington Street. Outdoor recreation is close at Cross Park, Dahl Beach City Park and Clackamette Park, with the Clackamas River approximately one mile from the property and nearby access to riverfront trails, boat launches, fishing and waterfront recreation. Oregon City, I-205 and McLoughlin Boulevard provide convenient connections to employment centers and destinations throughout the Portland metro area. A turnkey multifamily investment combining stabilized occupancy, established income, practical unit amenities, abundant parking and a well connected Gladstone location.

Location

State OR

County Clackamas

Area _145

Zoning MR

Interior

Heating Baseboard, Wall Heater

Cooling None

Exterior

Roof Type Composition

Garage No

Building

Lot Description Level, Public Road

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools John Wetten

Middle Schools Kraxberger

High Schools Gladstone

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Regional Multiple Listing Service (RMLS)

Nearby Locations

Mike Farrell

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(360) 910-1926

mikehomecenter@gmail.com

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461 W GLOUCESTER ST