$565,000
SOLD JUL 10, 2025

171 NE Olvera Ct Unit 173 Gresham, OR 97030

Powell Valley Neighborhood
4 Beds
2 Baths
2,136 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$265 Per Sq Ft

2% Below List Price

26 Days on Market

Highlights

  • Private Lot
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Cul-De-Sac
  • Cooling System Mounted In Outer Wall Opening
  • 1-Story Property

About This Home

As of July 2025

Don’t miss this turnkey side-by-side duplex on a quiet cul-de-sac near Mt. Hood Community College and Mt. Hood Kaiser Medical Center. Each one-level unit offers 1,068 square feet of comfortable living, featuring large bedrooms, in-unit laundry rooms, and convenient tuck-under garages. Both units include full kitchens with dishwashers, generous living areas, and access to a large backyard—perfect for tenants who value outdoor space. The vacant unit has been freshly painted and is move-in ready, making it an excellent option for an owner-occupant. Additionally, the unused space above the garages could be turned into a third unit per the city. Buyer to do due diligence.

Last Agent to Sell the Property

Amanda Folkestad

Realty Portland Brokerage Phone: 503-805-2098 License #200706245 Listed on: 05/09/2025

Co-Listed By

Chris Mackovjak

Realty Portland Brokerage Phone: 503-805-2098 License #201217557

Last Buyer's Agent

Kenneth Rosengren

Keller Williams Premier Partners License #201205618

Keller Williams Premier Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,040

Year Built

  • Built in 1978

Lot Details

  • 8,712 Sq Ft Lot
  • Cul-De-Sac
  • Private Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 2,136 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Kelly Creek Elementary School
  • Cedar Ridge Middle School
  • Sam Barlow High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System

Listing and Financial Details

  • Rent includes trashcollection, water
  • Assessor Parcel Number R154896

Community Details

Overview

  • 2 Units
  • El Camino Subdivision

Building Details

  • Operating Expense $12,567
  • Gross Income $42,511
  • Net Operating Income $34,982

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,040

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1978
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached,Garage
  • Total Bedrooms: 4
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Cedar
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Cul_de_sac, Private
  • Road Surface Type: Concrete
  • Roof: Composition

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity,Tank
  • Cooling: WallUnit
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Kelly Creek
  • High School: Sam Barlow
  • Middle Or Junior School: Cedar Ridge

Lot Info

  • Zoning: LDR-7
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712.0
  • Parcel #: R154896

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5039.64

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.15
  • Annual Gross Income: 42511.0
  • Property Net Operating Income: 34982.0
  • Annual Operating Expense: 12567.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2025
Closed on
Jul 9, 2025
Sold by
Patrick Vincent M and Patrick Lindsay J
Bought by
Aguilar Robert and Aguilar Bonnie
Seller's Agent
Amanda Folkestad
Realty Portland
Buyer's Agent
Kenneth Rosengren
Keller Williams Premier Partners
List Price
$575,000
Sold Price
$565,000
Premium/Discount to List
-$10,000
-1.74%
Views
34
Current Estimated Value
$547,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,562
Avg. Annual Appreciation
-11.87%
Original Mortgage
$554,766
Outstanding Balance
$553,834
Interest Rate
6.89%
Mortgage Type
FHA
Estimated Equity
-$6,396

Purchase Details

Listed on
Aug 15, 2012
Closed on
Nov 15, 2012
Sold by
Swanson Michael Amling
Bought by
Patrick Vincent M and Patrick Lindsay J
Seller's Agent
Lynn Cumberland
Cumberland Realty Group
Buyer's Agent
Ken Cahill
John L. Scott Portland Metro
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%
Original Mortgage
$161,250
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2008
Sold by
Swanson Barbara
Bought by
Barbara Swanson Enterprises Llc

Purchase Details

Closed on
Feb 22, 2002
Sold by
Louden Mildred Mae
Bought by
Swanson Barbara S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,325
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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 $565,000 Fidelity National Title
Personal Reps Deed $215,000 First American
Bargain Sale Deed -- Accommodation
Warranty Deed $175,000 Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $554,766 FHA
Previous Owner $161,250 New Conventional
Previous Owner $157,325 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/10/2025 07/10/25 Sold $565,000 +1.1% $265 / Sq Ft
06/04/2025 06/04/25 Pending -- -- --
05/28/2025 05/28/25 Price Changed $559,000 -2.8% $262 / Sq Ft
05/09/2025 05/09/25 For Sale $575,000 +167.4% $269 / Sq Ft
11/21/2012 11/21/12 Sold $215,000 -4.4% $101 / Sq Ft View Prior Sale
10/05/2012 10/05/12 Pending -- -- --
08/15/2012 08/15/12 For Sale $225,000 -- $105 / 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
2024 $5,040 $251,180 -- --
2023 $5,040 $243,870 $0 $0
2022 $4,463 $236,770 $0 $0
2021 $4,351 $229,880 $0 $0
2020 $4,094 $223,190 $0 $0
2019 $3,987 $216,690 $0 $0
2018 $3,801 $210,380 $0 $0
2017 $3,647 $204,260 $0 $0
2016 $3,216 $198,320 $0 $0
2015 $3,146 $192,550 $0 $0
2014 $2,983 $186,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 304093124

Regional Multiple Listing Service (RMLS)

APN: R154896