$829,000
$16K PRICE DROP

Estimated payment $5,132/month

Total Views 2,068
8 Beds
4 Baths
3,452 Sq Ft
$240 Price per Sq Ft

Highlights

  • No HOA
  • Landscaped with Trees
  • Level Lot
  • Window Unit Cooling System
  • Baseboard Heating
  • 1-Story Property

About This Home

Great opportunity to own a solid fourplex in a convenient Gresham location. The property consists of four spacious 2 bedroom, 1 bath units that have been well maintained.Each unit offers a comfortable layout with private backyards, appliances including refrigerator, dishwasher, range, washer/dryer, in-wall air conditioning and easy access to parking. Tenants take care of their own utilities, which keeps things simple for the owner. The location provides quick access to downtown Gresham, shopping, restaurants, major commuting routes and tri-met.Whether you're looking to add to your rental portfolio or owner-occupy, this property delivers consistent performance. It's straightforward, low maintenance investment with good bones and long term potential.Do not disturb tenants. Seller is Oregon real estate broker.

Listing Agent

John Faris

Faris Realty Brokerage Email: john@farisrealty.com License #950600235 Listed on: 05/11/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,957

Year Built

  • Built in 1969 | Remodeled

Lot Details

  • 13,503 Sq Ft Lot
  • Level Lot
  • Landscaped with Trees

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,452 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Security Lights

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway
  • On-Street Parking

Schools

  • East Gresham Elementary School
  • Dexter Mccarty Middle School
  • Gresham High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R270067

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $14,397
  • Gross Income $69,420
  • Net Operating Income $55,023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,957

Year Built

Built in 1969 | Remodeled

Lot Details

0.31 Acres

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1969
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 829000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 8
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, Trees
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, OnStreet
  • Attached Garage: No
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: SecurityLights
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping
  • Association: No

Schools

  • Elementary School: East Gresham
  • High School: Gresham
  • Middle Or Junior School: Dexter McCarty

Lot Info

  • Zoning: TR
  • Lot Size Acres: 0.31
  • Lot Size: 13,500 SF
  • Lot Size Sq Ft: 13503.0
  • Parcel #: R270067

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 7956.9

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 11.94
  • Annual Gross Income: 69420.0
  • Property Net Operating Income: 55023.0
  • Annual Operating Expense: 14397.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,957 $391,010 -- --
2024 $7,617 $379,630 -- --
2023 $6,940 $368,580 $0 $0
2022 $6,746 $357,850 $0 $0
2021 $6,576 $347,430 $0 $0
2020 $6,187 $337,320 $0 $0
2019 $6,025 $327,500 $0 $0
2018 $5,745 $317,965 $0 $0
2017 $4,882 $273,440 $0 $0
2016 $4,305 $265,480 $0 $0
2015 $4,212 $257,750 $0 $0
2014 $4,109 $250,250 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/11/2026 06/11/26 Price Changed $829,000 -1.9% $240 / Sq Ft
05/11/2026 05/11/26 For Sale $845,000 +7.6% $245 / Sq Ft
10/20/2021 10/20/21 Sold $785,000 0.0% $227 / Sq Ft View Prior Sale
09/13/2021 09/13/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $785,000 +31.6% $227 / Sq Ft
12/01/2016 12/01/16 Sold $596,500 -2.9% $173 / Sq Ft View Prior Sale
11/10/2016 11/10/16 Pending -- -- --
10/11/2016 10/11/16 For Sale $614,000 -- $178 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Bargain Sale Deed $86,000 Fidelity National Title
Warranty Deed $769,300 Fidelity National Title
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed $596,500 Fidelity Natl Title Of Or
Warranty Deed $232,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $576,975 New Conventional
Previous Owner $174,000 Purchase Money Mortgage
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 753918241

Regional Multiple Listing Service (RMLS)

APN: R270067

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