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1546 NE Cleveland Ave, Gresham, OR 97030

$815,000

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Property Description

Fully leased 4-unit multifamily asset delivering immediate cash flow with strong retention. Each of the four units offers 2 bedrooms, 1.5 bathrooms, and 960 square feet with a thoughtful, open-concept layout featuring spacious living and dining areas, well-equipped kitchens, in-unit washer and dryer, and desirable private outdoor spaces (decks for upper units, patios for lower units) enhancing rental appeal and stability.Low-maintenance investment with newer roof (~1 year) and consistent upkeep. Located near Historic Downtown Gresham, Gresham Station, parks, and MAX Blue Line, supporting long-term rental demand. Walk Score 75, Bike 79, Transit 56. Ideal for investors seeking stable income with upside potential. For Google Maps directions use address: 1568 NE Cleveland Ave, Gresham, OR 97030

1546 NE Cleveland Ave | MLS# 336267263

This multi-family property located at 1546 NE Cleveland Ave, Gresham, OR 97030 is currently listed for sale with an asking price of $815,000. Search Gresham real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Fuel Type: Electricity
Heating: WallHeater
Roof Type: Composition
Stories: 2.0
Taxes: $9,612
Year Built: 2003
Square Feet: 3,840

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 2
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $1600.00
Square Footage: 976
Total Units: 1
Unit Type 2:
Bathroom(s): 2
Bedrooms: 2
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $1450.00
Square Footage: 976
Total Units: 1
Unit Type 3:
Bathroom(s): 2
Bedrooms: 2
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $1430.00
Square Footage: 976
Total Units: 1
Unit Type 4:
Bathroom(s): 2
Bedrooms: 2
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $1323.00
Square Footage: 976
Total Units: 1

Feature Descriptions

Days on Site: 70
Exterior: Lap Siding, Vinyl Siding
Gross Income: $67747.00 (Actual)
Hot Water: Electricity
Lot: Flag Lot, Level, Private
Net Income: $46839.00 (Actual)
Operating Expenses: $20908.00 (Actual)
Parking: Assigned, Driveway
Parking Notes: Assigned, Driveway
Sewer: Public Sewer
Special View Info: Trees/Woods
Storage: Attached, IndividualStorageUnits
Units: 4
Water: Public Water

Local Schools

High School: Gresham
Middle School: Clear Creek
Elementary School: Highland

Listed By / Shown By

Listed By

Agency Name: Real Broker
Agency Contact: 503-679-7980

Shown By

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

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Estimated Payment

$ 5,159.79 per month $4,121.08 Principal & Interest $801.00 Property Tax $237.71 Homeowner's Insurance

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