NOT LISTED FOR SALE

1241 NE 6th St Gresham, OR 97030

Downtown Gresham Neighborhood

Estimated Value: $6,621,430

-- Bed
-- Bath
28,549 Sq Ft
$232/Sq Ft Est. Value

Last Sold November 01, 2018

Last sale price $4,800,000 $168 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $41,100/month

159 Days on Market

Highlights

  • Newly Remodeled
  • 1-minute walk to Cleveland Avenue
  • Controlled Entrance
  • Air Conditioning
  • Handicap Accessible

About This Home

As of November 2018

This is an opportunity to acquire a 45 unit assisted living complex that is currently under construction and slated for completion in May of 2017. The projected is licensed for 71 beds, with 35 units for assisted living, 6 private memory care units and 4 shared memory care units. The project can be acquired during construction, or with certificate of occupancy in place. This is a fee simple offering for sale.

Last Agent to Sell the Property

Ryan Imbrie

SVN - Imbrie Realty LLC License #200402198 Listed on: 03/23/2017

SVN - Imbrie Realty LLC

Last Buyer's Agent

Ryan Imbrie

SVN - Imbrie Realty LLC License #200402198 Listed on: 03/23/2017

SVN - Imbrie Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $75,239

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 0.59

Home Design

  • Brick Exterior Construction
  • Cedar

Parking

  • Paved Parking
  • Open Parking
  • Controlled Entrance

Utilities

  • Air Conditioning
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Handicap Accessible

Community Details

  • 45 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$75,239

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 28549
  • Stories: 3
  • Year Built: 2017
  • Property Condition: New Construction
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: PARTITION PLAT 2001-57, LOT 3 EXC PT IN ST

Exterior Features

  • Exterior Description: Brick, Cedar

Garage/Parking

  • Parking Description: Open, Paved

Utilities

  • Fuel Description: Gas
  • Sewer: Available
  • Water Description: Public
  • Heating Description: Heat Pump
  • Security: Entry, Handicap Access

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Common Amenities: Central Air, Laundry
  • Unit Features: Air Conditioning

Lot Info

  • Zoning: DTM
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 2680.67
  • Assessor Parcel Number: R505486

Multi Family

  • Number Of Units Total: 45

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2017
Closed on
Oct 30, 2018
Sold by
Pc 0115 J Llc
Bought by
Liberty Pointe Investors Lcl
Seller's Agent
Ryan Imbrie
SVN - Imbrie Realty LLC
Buyer's Agent
Ryan Imbrie
SVN - Imbrie Realty LLC
List Price
$6,400,000
Sold Price
$4,800,000
Premium/Discount to List
-$1,600,000
-25%
Current Estimated Value
$6,621,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,821,430
Avg. Annual Appreciation
4.70%
Original Mortgage
$2,575,250
Outstanding Balance
$999,438
Interest Rate
4.6%
Mortgage Type
Commercial
Estimated Equity
$5,621,992

Purchase Details

Closed on
Nov 16, 2016
Sold by
Pc-0115-J Llc
Bought by
Pc-0115-J Llc

Purchase Details

Closed on
Oct 25, 2016
Sold by
Lewis Larry J
Bought by
Pc 0115-J Joint Venture and Precision Capital

Purchase Details

Closed on
Feb 26, 2015
Sold by
Emmert Terry W
Bought by
Lewis Larry J and Lewis Cynthia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 2, 2006
Sold by
Johnson Armand
Bought by
Emmert Terry W

Purchase Details

Closed on
Oct 8, 2003
Sold by
Johnson Armand
Bought by
Emmert Terry W
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Liberty Pointe Investors Lcl $4,800,000 First American Title Co
Pc-0115-J Llc -- None Available
Pc 0115-J Joint Venture -- None Available
Lewis Larry J $420,000 First American
Emmert Terry W $138,058 Accommodation
Emmert Terry W $1,000 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liberty Pointe Investors Lcl $2,575,250
Previous Owner Lewis Larry J $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2018 11/01/18 Sold $4,800,000 -25.0% $168 / Sq Ft
08/29/2017 08/29/17 Pending -- -- --
03/23/2017 03/23/17 For Sale $6,400,000 -- $224 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $75,239 $3,697,330 -- --
2024 $72,022 $3,589,650 -- --
2023 $65,616 $3,485,100 $0 $0
2022 $63,781 $3,383,600 $0 $0
2021 $62,174 $3,285,050 $0 $0
2020 $58,499 $3,189,370 $0 $0
2019 $56,967 $3,096,480 $0 $0
2018 $54,317 $3,006,292 $0 $0
2017 $19,269 $0 $0 $0
2016 $2,681 $165,330 $0 $0
2015 $2,623 $160,520 $0 $0
2014 $2,559 $155,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Ryan Imbrie

    SVN - Imbrie Realty LLC

    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17302191

Regional Multiple Listing Service (RMLS)

APN: R505486

Oregon Multnomah County Gresham 97030 Downtown Gresham

1241 NE 6th St, Gresham, OR

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Nearby Homes