Impeccably maintained investor’s Dream or Multi-Gen Gem of a duplex in the Heart of Gladstone! Welcome to 455 & 465 1st Street— an incredibly charming and rare duplex opportunity just one block from the Clackamas River, Cross Park, and scenic walking trails. Each unit features 2 bedrooms and 1 bathroom, with thoughtful updates and a quiet, private atmosphere that’s hard to find. Unit 465 includes a two-car garage, while unit 455 offers a one-car garage plus a carport—plus and an extra parking pad perfect for a small boat, RV, or visiting friends. With a total of 1,690 square feet on a beautifully landscaped lot, this well-cared-for property is ideal for long-term investors seeking a solid ROI or for multi-family. Recent upgrades include a brand new roof (July 2024) and window replacements in both units in 2018. Beautifully maintained landscape on both entry sides of the duplex - private, quiet, and clean. Located just a block from public transit and minutes to Happy Valley, Clackamas Town Center, and more—this duplex is where convenience meets comfort and potential.
Sold
$579,000
455 1st St, Gladstone, OR 97027
4beds
1,690sqft
Multi Family
Built in 1976
-- sqft lot
$578,900 Zestimate®
$343/sqft
$2,471 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 08, 2025 at 01:30pm
Listed by:
Mary Chapman 503-704-6219,
Matin Real Estate
Bought with:
Kristine Orlandi, 201232579
Windermere Realty Trust
Source: RMLS (OR),MLS#: 735655257

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Dishwasher, Microwave, Range, Electric Water Heater, Tank Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: Crawl Space
Interior area
- Total structure area: 1,690
- Total interior livable area: 1,690 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached, Carport
- Has carport: Yes
Features
- Stories: 1
- Has view: Yes
- View description: Territorial
Lot
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: 00542862
- Zoning: R5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Board & Batten Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Approximately
- Year built: 1976
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Security Lights
Location
- Region: Gladstone
HOA & financial
Other financial information
- Total actual rent: 600
Other
Other facts
- Listing terms: Cash,Conventional,FHA
- Road surface type: Concrete, Paved
Services availability
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Estimated market value
$578,900