This income-producing duplex in Gladstone presents a flexible and appealing opportunity for both investors and owner-occupants. Located in one of the Portland metro area’s hidden gems, Gladstone offers a small-town feel with quick access to the city, a well-regarded school district, and close proximity to the Clackamas River, parks, shopping, and public transit. Unit 430 is currently vacant and move-in ready—ideal for a new tenant or an owner looking to live onsite—while Unit 432 will be vacating on 6/30, opening the door to new possibilities for full occupancy or dual rental income. Tucked away on a private, wooded lot with off-street parking, the property offers rare privacy while remaining centrally located. Remodeled throughout in 2018, the duplex blends modern updates with timeless charm, including the replacement of the roof and furnaces during the renovation. Each unit enjoys its own private deck and a spacious, fully fenced backyard, perfect for outdoor enjoyment. Unit 430 is a 2BD/2BA with vaulted ceilings and a versatile flex room that can easily function as a third bedroom, home office, or additional living space. Unit 432 is a 2BD/1BA with an attached one-car garage and the same thoughtful finishes. Both homes feature updated, functional kitchens, generously sized bedrooms, and vaulted ceilings that enhance the sense of space and light. Appliances—including freestanding stoves, dishwashers, refrigerators, washers, and dryers—are included in both units. Whether you're looking to expand your rental portfolio or live in one unit while generating income from the other, this well-maintained duplex is a smart buy in a desirable, high-demand area.
Active
Price cut: $15.1K (7/23)
$599,900
430 E Hereford St, Gladstone, OR 97027
4beds
2,600sqft
Est.:
Multi Family
Built in 1979
-- sqft lot
$-- Zestimate®
$231/sqft
$-- HOA
What's special
Modern updatesThoughtful finishesSpacious fully fenced backyardRare privacyPrivate wooded lotTimeless charmVaulted ceilings
- 46 days
- on Zillow |
- 1,517 |
- 103 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: August 11, 2025 at 07:32pm
Listed by:
Lauren Sheehan 503-329-5131,
eXp Realty, LLC
Source: RMLS (OR),MLS#: 604192012

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Range, Refrigerator, Washer/Dryer, Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 2,600
- Total interior livable area: 2,600 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Off Street
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 9,583.2 Square Feet
- Features: Secluded, Trees, SqFt 7000 to 9999
Details
- Parcel number: 00533505
- Zoning: R5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Composition
Condition
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Gladstone
Location
- Region: Gladstone
Financial & listing details
- Price per square foot: $231/sqft
- Tax assessed value: $621,244
- Annual tax amount: $7,121
- Date on market: 6/27/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 3840
- Road surface type: Paved
- Loading
- Loading