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Downtown Gresham Multifamily Home for Sale

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    $395,000

    • 1,634 Sq Ft

    21 NE 5th St, Gresham, OR 97030

    Income-producing duplex in thriving downtown Gresham--fantastic location just off Main Street's shops & restaurants. Centrally situated with access to services and transportation makes this easy to rent. Well-maintained property with newer paint, floors and appliances. Property is professionally managed--possible owner-occupied with rental unit. DCC zoning offers commercial possibilities. Keep

    Timothy Manickam Fathom Realty Oregon, LLC

    21 NE 5th St, Gresham, OR 97030

About Downtown Gresham

Downtown Gresham, also known as Central City, is a historic district located 17 miles from Portland. This neighborhood offers a blend of rural charm and urban amenities, with a walkable downtown area free of parking meters. The area is notable for its role as a training ground for Guide Dogs for the Blind, thanks to its pedestrian-friendly streets. Homes here include bungalow and ranch styles, with townhouses featuring new historicism designs. Properties typically have medium to large lots with fenced-in yards. The neighborhood is rich in history, highlighted by the 1913 Gresham Library, a red Tudor Revival building listed on the National Register of Historic Places. Local attractions include the Timberline Lodge ski resort, 40 miles away, and the nearby Oxbow Regional Park and Dabney State Recreation Area, both within 8 miles, offering outdoor activities like fishing, hiking, and swimming. The public Gresham Golf Course features an 18-hole course and a sports bar. Main City Park, a 22-acre space, includes a play structure, off-leash dog area, and Tsuru Island, a Japanese garden. Dining options range from Boccelli's Ristorante and the Margarita Factory to Asian Thai Bistro and Sugar Cubed Bakery. The neighborhood hosts monthly gatherings organized by the Historic Downtown Gresham Association, often in partnership with local arts organizations. Religious services are available at various places of worship, including Citypark Church and Rise City Church. Transportation is convenient with the MAX Blue Line light rail station and bus stops along major roads, and I-84 West provides access to Portland International Airport.

Home Trends in Downtown Gresham, OR

Home Trends

Median Price (12 Mo)
$361,000
Median Single Family Price
$399,500
Median Townhouse Price
$337,450
Median 2 Bedroom Price
$330,000
Average Price Per Sq Ft
$281
Number of Homes for Sale
10
Last 12 months Home Sales
18
Months of Supply
6.70
Median List Price
$379,900
Median Discount From 1st List Price
1%
Median Home Sale Price YoY Change
-4%
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