$559,000
PENDING $16K PRICE DROP

171 NE Olvera Ct Unit 173 Gresham, OR 97030

Powell Valley Neighborhood

Estimated payment $3,534/month

Total Views 2,481
4 Beds
2 Baths
2,136 Sq Ft
$262 Price per Sq Ft

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

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.

Listing Agent

Amanda Folkestad

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

Co-Listing Agent

Chris Mackovjak

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

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

  • 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: Pending
  • MLS Status: Pending
  • 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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

Property History

Date Event Price Change Sq Ft Price
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
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)

Purchase History

Date Type Sale Price Title Company
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 $311,500 New Conventional
Closed $60,000 Credit Line Revolving
Closed $38,900 Credit Line Revolving
Closed $161,250 New Conventional
Previous Owner $86,760 Credit Line Revolving
Previous Owner $157,325 Purchase Money Mortgage
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 304093124

Regional Multiple Listing Service (RMLS)

APN: R154896