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(503) 621-2072
Opt Real Estate
461 W GLOUCESTER ST, Gladstone, OR 97027
- $2,299,900
- 9,360
- SqFt
- List Price
- $2,299,900
- Days on Market
- 16
- MLS#
- 297829268
- Property Type
- Multifamily
- Sqft. of Residence
- 9,360
- Lot Size
- 20, 000 SqFt to .99 Acres
- Region
- Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
- Status
- ACTIVE
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.
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Additional Information
- Tax Amount
- $18,893
- Year Built
- 1978
- High School
- Gladstone
- Elementary School
- John Wetten
- Middle School
- Kraxberger
- Acres
- 0.87
- Living Area
- 9,360
- Stories
- 2
- Subdivision
- GLADSTONE
- Lot Size Dimension
- Irregular
- Terms
- Cash, Conventional
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Baseboard, Wall Heater
- Hoa Rent Includes
- None
- Hot Water Description
- Electricity, Tank
- Exterior Description
- T-111 Siding, Wood Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Off Street, Paved
- Parking Description
- Off Street, Paved
- Road Surface
- Paved
- Number Of Units Total
- 12
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1525
- Unit Type One Sq Ft
- 780
- Unit Type One Units Total
- 2
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 3
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1595
- Unit Type Three Sq Ft
- 780
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 2
- Unit Type Four Rent
- 1375
- Unit Type Four Sq Ft
- 780
- Unit Type Four Units Total
- 2
- Unit Type Five Rent
- 1495
- Unit Type Five Sq Ft
- 780
- Unit Type Five Units Total
- 1
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Listing courtesy of Keller Williams Realty Portland Premiere.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.