# 461 W GLOUCESTER St, Gladstone, OR 97027 > **TL;DR:** 14bd/7ba residential multi family, $2,299,900 ($246/sqft), built 1978, 9,360 sqft. Est. $12,301/mo. Listed 22 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,299,900 | | Price/sqft | $246 | | Bedrooms | 14 | | Bathrooms | 7 full | | Square Feet | 9,360 | | Year Built | 1978 | | Lot Size | 37,897 sqft (0.87 acres) | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 22 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $11,630 | | Estimated Insurance | $671 | | **Total** | **$12,301** | ## Nearby Schools - **Elementary:** John Wetten - **Middle:** Kraxberger - **High:** Gladstone ## Property Highlights - Built in 1978 - 0.87 acre lot - 2 stories ## Description ### Agent 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. ## Location - **Address:** 461 W GLOUCESTER St, Gladstone, OR 97027 - **County:** Clackamas - **Neighborhood:** GLADSTONE - **Coordinates:** 45.379191, -122.602346 - **Google Maps:** https://www.google.com/maps?q=45.379191,-122.602346 ## Listing Agent - **Name:** Darryl Bodle - **Brokerage:** Keller Williams Realty Portland Premiere - **Broker Phone:** (503) 880-4905 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/461-W-Gloucester-St_Gladstone_OR_97027_M13086-91264?f=listhub&s=RMLSOR&m=297829268&c=propsimple) ## Photos ![461 W GLOUCESTER St - Photo 1](http://lh.rdcpix.com/d2930b7fb2abac8a2bf099362f533eael-f2386054406r.jpg) ![461 W GLOUCESTER St - Photo 2](http://lh.rdcpix.com/d2930b7fb2abac8a2bf099362f533eael-f2153534772r.jpg) ![461 W GLOUCESTER St - Photo 3](http://lh.rdcpix.com/d2930b7fb2abac8a2bf099362f533eael-f1759897143r.jpg) ![461 W GLOUCESTER St - Photo 4](http://lh.rdcpix.com/d2930b7fb2abac8a2bf099362f533eael-f2950519873r.jpg) ![461 W GLOUCESTER St - Photo 5](http://lh.rdcpix.com/d2930b7fb2abac8a2bf099362f533eael-f4003509041r.jpg) ![461 W GLOUCESTER St - Photo 6](http://lh.rdcpix.com/d2930b7fb2abac8a2bf099362f533eael-f249364725r.jpg) ![461 W GLOUCESTER St - Photo 7](http://lh.rdcpix.com/d2930b7fb2abac8a2bf099362f533eael-f438656051r.jpg) ![461 W GLOUCESTER St - Photo 8](http://lh.rdcpix.com/d2930b7fb2abac8a2bf099362f533eael-f527370988r.jpg) ![461 W GLOUCESTER St - Photo 9](http://lh.rdcpix.com/d2930b7fb2abac8a2bf099362f533eael-f1646447666r.jpg) ![461 W GLOUCESTER St - Photo 10](http://lh.rdcpix.com/d2930b7fb2abac8a2bf099362f533eael-f4147143202r.jpg) --- **MLS#:** 297829268 | **Updated:** 2026-10-28 **Source:** listhub *Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/461-w-gloucester-st-gladstone-or-97027-7c528814baa045288904173f96a87caf) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/461-w-gloucester-st-gladstone-or-97027-7c528814baa045288904173f96a87caf#listing", "url": "https://www.propertysimple.ai/listing/461-w-gloucester-st-gladstone-or-97027-7c528814baa045288904173f96a87caf", "name": "461 W GLOUCESTER St, Gladstone, OR 97027", "description": "Fully leased and stabilized multifamily investment opportunity in Gladstone offering established tenancy and immediate in place income from day one. 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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. 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