$650,000
$49K PRICE DROP

Estimated payment $3,882/month

Total Views 5,567
6 Beds
3 Baths
2,400 Sq Ft
$271 Price per Sq Ft

Highlights

  • Window Unit Cooling System
  • Wood Siding
  • 1-Story Property
  • Baseboard Heating

About This Home

Unicorn in the heart of Gresham! Rare triplex with 3, 2-bedroom, 1-bathroom units (800 sq ft each) conveniently located near shopping, dining, and public transit. This well-maintained property features a recently remodeled units, complete with luxury vinyl plank flooring. All units are fully leased. Please do not disturb tenants. This well-maintained property offers a unique investment opportunity or a perfect living arrangement for multi-generational families.

Last Listed By

Amanda Folkestad

Realty Portland Brokerage Phone: 503-805-2098 License #200706245 Listed on: 03/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,185

Year Built

  • Built in 1967 | Remodeled

Lot Details

  • 0.3 Acre Lot

Home Design

  • Shingle Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • Paved Parking

Schools

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

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R283831

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $19,037
  • Gross Income $43,290
  • Net Operating Income $24,253

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,185

Year Built

Built in 1967 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1967
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 6
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Road Surface Type: Paved
  • Roof: Shingle

Garage/Parking

  • Parking Description: Paved
  • Attached Garage: No
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: MDR-24
  • Lot Size Acres: 0.3
  • Lot Size Sq Ft: 13068.0
  • Parcel #: R283831

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5184.54

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 15.02
  • Annual Gross Income: 43290.0
  • Property Net Operating Income: 24253.0
  • Annual Operating Expense: 19037.0

Map

Range of Values:

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Average Value
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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 $5,185 $250,880 $0 $0
2022 $4,592 $243,580 $0 $0
2021 $4,476 $236,490 $0 $0
2020 $4,211 $229,610 $0 $0
2019 $4,101 $222,930 $0 $0
2018 $3,911 $216,440 $0 $0
2017 $3,752 $210,140 $0 $0
2016 $3,308 $204,020 $0 $0
2015 $3,237 $198,080 $0 $0
2014 $3,158 $192,320 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Price Changed $650,000 -7.0% $271 / Sq Ft
03/04/2025 03/04/25 For Sale $699,000 +20.5% $291 / Sq Ft
04/03/2023 04/03/23 Sold $580,000 -9.4% $242 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
02/21/2023 02/21/23 For Sale $639,999 0.0% $267 / Sq Ft
02/17/2023 02/17/23 Pending -- -- --
02/14/2023 02/14/23 For Sale $639,999 0.0% $267 / Sq Ft
01/29/2023 01/29/23 Pending -- -- --
01/26/2023 01/26/23 Price Changed $639,999 -1.5% $267 / Sq Ft
01/19/2023 01/19/23 For Sale $650,000 +71.1% $271 / Sq Ft
01/27/2017 01/27/17 Sold $380,000 -3.3% $158 / Sq Ft
10/13/2016 10/13/16 Pending -- -- --
08/17/2016 08/17/16 For Sale $392,900 -- $164 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $580,000 --
Warranty Deed $380,000 Ticor Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Accommodation
Bargain Sale Deed -- Ticor Title Insurance Co
Warranty Deed $275,000 Ticor Title Insurance Compan
Warranty Deed $216,000 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $435,000 New Conventional
Previous Owner $30,832 FHA
Previous Owner $373,117 FHA
Previous Owner $211,315 New Conventional
Previous Owner $220,000 Fannie Mae Freddie Mac
Previous Owner $27,450 Credit Line Revolving
Previous Owner $125,250 Purchase Money Mortgage
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 199737936

Regional Multiple Listing Service (RMLS)

APN: R283831