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101 Cornell Ave, Gladstone, OR 97027

$590,000

Property Description

Opportunity knocks with this Gladstone duplex, just blocks from the Clackamas River and downtown Gladstone. This single owner property is ideal for owner-occupy or a savvy investor offering solid construction, functional floor plans, and meaningful upside in current rents. Each townhouse-style unit features 2 bedrooms, 1.5 bathrooms, an attached one-car garage, and a private fenced side yard, with separate grassy front yards adding additional outdoor space. The units have been well cared for and provide comfortable, low-maintenance living. Currently occupied by reliable, month-to-month tenants providing immediate and consistent rental income. Low carrying costs as tenants pay all utilities. Located within close proximity to schools, parks, shopping, dining, and everyday amenities, this duplex offers both tenant appeal and long-term investment potential.

101 Cornell Ave | MLS# 465801563

This multi-family property located at 101 Cornell Ave, Gladstone, OR 97027 is currently listed for sale with an asking price of $590,000. Search Gladstone real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Fuel Type: Electricity, Gas
Heating: Forced Air
Roof Type: Composition
Stories: 2.0
Taxes: $7,400
Year Built: 1999
Square Feet: 2,100

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 2
Features: Fireplace, Range, Refrigerator, WasherDryer
Rent: $1550.00
Square Footage: 1050
Total Units: 1
Unit Type 2:
Bathroom(s): 2
Bedrooms: 2
Features: Fireplace, Range, Refrigerator, WasherDryer
Rent: $1400.00
Square Footage: 1050
Total Units: 1

Feature Descriptions

Days on Site: 66
Exterior: Vinyl Siding
Gross Income: $35400.00 (Actual)
Hot Water: Electricity
Lot: Corner Lot, Level
Net Income: $28000.00 (Actual)
Operating Expenses: $7400.00 (Actual)
Parking: Driveway, Garage
Parking Notes: Driveway, Garage
Sewer: Public Sewer
Units: 2
Water: Public Water

Local Schools

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

Listed By / Shown By

Listed By

Agency Name: Vitality Home Realty
Agency Phone: 503-260-1003

Shown By

Agency Title: Bend Premier Real Estate
Agency Phone: 541-323-2779

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Estimate Your Payment

Estimated Payment

$ 3,772.11 per month $2,983.36 Principal & Interest $616.67 Property Tax $172.08 Homeowner's Insurance

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