$450,000
SOLD APR 11, 2025

140 NW 14th Place Unit 142 Gresham, OR 97030

Downtown Gresham Neighborhood
2 Beds
1 Bath
1,450 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$310 Per Sq Ft

9% Below List Price

54 Days on Market

Highlights

  • Storage
  • Level Lot
  • 1-Story Property
  • Zoned Heating

About This Home

As of April 2025

Fantastic rental property with lots of additional perks. Both units have large, fenced backyards, covered patios, off-street parking and washer & dryer hook-ups. Unit 140 has new tub surround, carpet, flooring, interior doors, closet doors, kitchen countertops, and kitchen cabinet fronts.

Last Agent to Sell the Property

Mark Meek

Avid Real Estate Executives LLC License #950600045 Listed on: 01/15/2025

Co-Listed By

Jacob Meek

Avid Real Estate Executives LLC License #201249328

Last Buyer's Agent

Bryan Atkinson

eXp Realty, LLC License #201210457

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,194

Year Built

  • Built in 1969 | Remodeled

Lot Details

  • 8,276 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,450 Sq Ft Home
  • 1-Story Property
  • Storage
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 4 Parking Spaces
  • Carport
  • Driveway

Schools

  • Highland Elementary School
  • Clear Creek Middle School
  • Gresham High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R337377

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $6,000
  • Gross Income $33,000
  • Net Operating Income $27,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,194

Year Built

Built in 1969 | Remodeled

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1969
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 450000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached
  • Total Bedrooms: 2
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Carport, Driveway
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Highland
  • High School: Gresham
  • Middle Or Junior School: Clear Creek

Lot Info

  • Zoning: TLDR
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276.0
  • Parcel #: R337377

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 4193.77

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.09
  • Annual Gross Income: 33000.0
  • Property Net Operating Income: 27000.0
  • Annual Operating Expense: 6000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2025
Closed on
Mar 13, 2025
Sold by
Meek Mark W and Meek Cynthia L
Bought by
Archer Jonathon
Seller's Agent
Mark Meek
Avid Real Estate Executives LLC
Buyer's Agent
Bryan Atkinson
eXp Realty, LLC
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%
Views
98
Current Estimated Value
$436,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,317
Avg. Annual Appreciation
-3.18%
Original Mortgage
$434,981
Outstanding Balance
$432,320
Interest Rate
6.76%
Mortgage Type
FHA
Estimated Equity
$4,363

Purchase Details

Closed on
Feb 27, 2007
Sold by
Giesen Cordell
Bought by
Presgrave Bruce W and Presgrave Joyce E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,400
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2004
Sold by
Kendig Lorna J
Bought by
Giesen Cordell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2002
Sold by
Leonard Richard H
Bought by
Kendig Lorna J and Kendig Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,500
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $450,000 First American Title
Warranty Deed $222,400 Transnation Title Agency Or
Warranty Deed $190,000 First American Title Insuran
Warranty Deed $150,475 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $434,981 FHA
Previous Owner $222,400 Purchase Money Mortgage
Previous Owner $171,000 Purchase Money Mortgage
Previous Owner $109,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/11/2025 04/11/25 Sold $450,000 -3.2% $310 / Sq Ft
03/10/2025 03/10/25 Pending -- -- --
03/08/2025 03/08/25 Price Changed $465,000 -2.1% $321 / Sq Ft
02/08/2025 02/08/25 Price Changed $475,000 -4.0% $328 / Sq Ft
01/15/2025 01/15/25 For Sale $495,000 +41.4% $341 / Sq Ft
01/07/2019 01/07/19 Sold $350,000 0.0% $175 / Sq Ft View Prior Sale
11/23/2018 11/23/18 Pending -- -- --
11/20/2018 11/20/18 For Sale $350,000 -- $175 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $4,381 $215,290 -- --
2024 $4,194 $209,020 -- --
2023 $4,194 $202,940 -- --
2022 $3,714 $197,030 $0 $0
2021 $3,621 $191,300 $0 $0
2020 $3,407 $185,730 $0 $0
2019 $3,318 $180,330 $0 $0
2018 $3,163 $175,080 $0 $0
2017 $3,035 $169,990 $0 $0
2016 $2,676 $165,040 $0 $0
2015 $2,618 $160,240 $0 $0
2014 $2,512 $155,580 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 697334126

Regional Multiple Listing Service (RMLS)

APN: R337377

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