NOT LISTED FOR SALE

1241 NE 6th St Gresham, OR 97030

Downtown Gresham Neighborhood

Estimated Value: $6,692,705

Studio
-- Bath
28,549 Sq Ft
$234/Sq Ft Est. Value

Sale Details

Date Sold: November 1, 2018

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

Est. 39% increase in value since last sale

Current estimated payment $42,984 / mo

159 Days on Market

Highlights

  • Built in 2017 | 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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

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

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0.59 Acres

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

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

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 Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2017
Closed on
Oct 30, 2018
Sold by
Bought by
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
$6,692,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,892,705
Avg. Annual Appreciation
4.38%
Original Mortgage
$2,575,250
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2016
Sold by
Bought by

Purchase Details

Closed on
Oct 25, 2016
Sold by
Bought by

Purchase Details

Closed on
Feb 26, 2015
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Oct 8, 2003
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Gresham, OR

  • Sean Mele Real Estate Agent - Opt

    Sean Mele

    Opt

    (888) 828-3698

    94 Total Sales

    1 in Downtown Gresham

    $355,000 Price

    Sean Mele
     Section Image
  • Elaine Powers Real Estate Agent - John L. Scott Portland Metro

    Elaine Powers

    John L. Scott Portland Metro

    (971) 256-9259

    67 Total Sales

    4 in Downtown Gresham

    $290K - $610K Price Range

    Elaine Powers
     Section Image
  • Kris Cochran Real Estate Agent - Cochran Property Group Inc.

    Kris Cochran

    Cochran Property Group Inc.

    (971) 703-5485

    90 Total Sales

    2 in Downtown Gresham

    $340K - $375K Price Range

    Kris Cochran
     Section Image
  • Tim Sellers Real Estate Agent - Berkshire Hathaway HomeServices NW Real Estate

    Tim Sellers

    Berkshire Hathaway HomeServices NW Real Estate

    (503) 461-7463

    70 Total Sales

    1 in Downtown Gresham

    $375,000 Price

    Tim Sellers
     Section Image
  • Bill Bailey Real Estate Agent - RE/MAX Advantage Group

    Bill Bailey

    RE/MAX Advantage Group

    (503) 546-1532

    158 Total Sales

    1 in Downtown Gresham

    $407,000 Price

    Bill Bailey
     Section Image
  • Diana Ferguson Real Estate Agent - Keller Williams Realty Portland Elite

    Diana Ferguson

    Keller Williams Realty Portland Elite

    (971) 252-7648

    172 Total Sales

    1 in Downtown Gresham

    $335,000 Price

    Diana Ferguson
     Section Image
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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 Buyer Sale Price Title Company
$4,800,000 First American Title Co
-- None Available
-- None Available
$420,000 First American
$138,058 Accommodation
$1,000 Pacific Nw Title
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 Borrower Loan Amount
Open $50,000,000
Closed $2,575,250
Previous Owner $700,000
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
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

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 $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

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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 © 2026 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.

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