$530,000
SOLD JUN 11, 2024

1695 SE 5th St Unit 1705 Gresham, OR 97080

Historic Southeast Neighborhood
-- Bed
-- Bath
1,732 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$306 Per Sq Ft

6% Above List Price

6 Days on Market

Highlights

  • City View
  • Garage
  • Wood Siding
  • Zoned Heating
  • Level Lot
  • 1-Story Property

About This Home

As of June 2024

This well-maintained duplex presents an excellent investment opportunity! Each unit boasts two bedrooms, one bathroom, a designated laundry room, and a full size garage, making them highly desirable for tenants seeking comfortable living spaces. With fresh upgrades in the vacant unit, including new flooring and a fresh coat of paint, these units are not only attractive to renters but also hold potential for owner-occupancy. Two standout features of this property are the separate fenced backyards for each unit and a private nestled off street setting creating multiple parking spaces. This duplex provides versatility and the opportunity to offset your living expenses by renting out one unit and living in the other! Minutes to Winco, Fred Meyer, and more! Ask us about 5% down financing!

Last Agent to Sell the Property

Mark Charlesworth

Keller Williams PDX Central License #200907037

Keller Williams PDX Central

Last Buyer's Agent

Javier Alomia

Real Broker License #200503097

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,346

Year Built

  • Built in 1973

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Parking

  • Garage

Property Views

  • City
  • Woods

Home Design

  • Wood Siding

Interior Spaces

  • 1,732 Sq Ft Home
  • 1-Story Property

Schools

  • Dexter Mccarty Middle School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R270149

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $8,284
  • Gross Income $38,400
  • Net Operating Income $28,196

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,346

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1973
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: Yes
  • Lot Features: Level
  • View: City,TreesWoods

Garage/Parking

  • Parking Description: Garage, Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Middle Or Junior School: Dexter McCarty

Lot Info

  • Zoning: LDR
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405.0
  • Parcel #: R270149

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 4346.19

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.02
  • Annual Gross Income: 38400.0
  • Property Net Operating Income: 28196.0
  • Annual Operating Expense: 8284.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2024
Closed on
Jun 7, 2024
Sold by
Mark Charlesworth Trust and Charlesworth Mark K
Bought by
Canseco-Maca Carla
Seller's Agent
Mark Charlesworth
Keller Williams PDX Central
Buyer's Agent
Javier Alomia
Real Broker
List Price
$499,800
Sold Price
$530,000
Premium/Discount to List
$30,200
6.04%
Total Days on Market
6
Views
29
Current Estimated Value
$525,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,772
Avg. Annual Appreciation
-1.00%
Original Mortgage
$520,400
Outstanding Balance
$516,163
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$9,065

Purchase Details

Listed on
Jun 4, 2022
Closed on
Jul 23, 2022
Sold by
Janet Elizabeth Gaffney Joint Revocable
Bought by
Charlesworth Mark
Seller's Agent
Becky Hughes
Premiere Property Group, LLC
Buyer's Agent
Mark Charlesworth
Keller Williams PDX Central
List Price
$490,000
Sold Price
$500,615
Premium/Discount to List
$10,615
2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.10%
Original Mortgage
$375,461
Interest Rate
4.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2020
Sold by
Gaffney Janet E
Bought by
Gaffney Janet Elizabeth and Howard Keith Gaffney & Janet Elizabeth G

Map

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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 $530,000 Wfg Title
Warranty Deed $500,615 Lawyers Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $520,400 New Conventional
Previous Owner $375,461 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2024 06/11/24 Sold $530,000 +6.0% $306 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
04/26/2024 04/26/24 For Sale $499,800 -0.2% $289 / Sq Ft
07/28/2022 07/28/22 Sold $500,615 +2.2% $289 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
06/04/2022 06/04/22 For Sale $490,000 -- $283 / 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
2023 $4,346 $230,840 $0 $0
2022 $4,225 $224,120 $0 $0
2021 $4,118 $217,600 $0 $0
2020 $3,875 $211,270 $0 $0
2019 $3,774 $205,120 $0 $0
2018 $3,598 $199,150 $0 $0
2017 $3,452 $193,350 $0 $0
2016 $3,044 $187,720 $0 $0
2015 $2,978 $182,260 $0 $0
2014 $2,646 $165,680 $0 $0
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24029076

Regional Multiple Listing Service (RMLS)

APN: R270149

Oregon Multnomah County Gresham 97080 Historic Southeast

1695 SE 5th St Unit 1705, Gresham, OR

Homes for Sale in Gresham, OR

This home is located at 1695 SE 5th St Unit 1705, Gresham, OR 97080 and is currently priced at $530,000, approximately $306 per square foot. This property was built in 1973. 1695 SE 5th St Unit 1705 is a home located in Multnomah County with nearby schools including East Gresham Elementary School, Dexter McCarty Middle School, and Gresham High School.

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