$395,000

21 NE 5th St Gresham, OR 97030

Downtown Gresham Neighborhood

Estimated payment $2,392/month

Total Views 13,989
3 Beds
2 Baths
1,634 Sq Ft
$242 Price per Sq Ft

Highlights

  • No HOA
  • Forced Air Heating System
  • Lap Siding
  • Landscaped with Trees
  • Level Lot

About This Home

Income-producing duplex in thriving downtown Gresham--fantastic location just off Main Street's shops & restaurants. Centrally situated with access to services and transportation makes this easy to rent. Well-maintained property with newer paint, floors and appliances. Property is professionally managed--possible owner-occupied with rental unit. DCC zoning offers commercial possibilities. Keep as existing residental rental or collect income while planning new developments. Low taxes.

Listing Agent

Timothy Manickam

Fathom Realty Oregon, LLC Brokerage Phone: 503-348-6045 License #200502433 Listed on: 03/03/2025

Fathom Realty Oregon, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,852

Year Built

  • Built in 1944

Lot Details

  • Level Lot
  • Landscaped with Trees

Parking

  • On-Street Parking

Home Design

  • Composition Roof
  • Membrane Roofing
  • Lap Siding
  • Shake Siding

Interior Spaces

  • 1,634 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Schools

  • East Gresham Elementary School
  • Dexter Mccarty Middle School
  • Gresham High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R221467

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $26,602
  • Gross Income $28,396
  • Net Operating Income $1,794

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,852

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1944
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 395000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, None
  • Total Bedrooms: 3
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: LapSiding,ShakeSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: Level, PublicRoad, Trees
  • Road Surface Type: Paved
  • Roof: Composition, Membrane

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: ForcedAir, WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: East Gresham
  • High School: Gresham
  • Middle Or Junior School: Dexter McCarty

Lot Info

  • Zoning: DCC
  • Parcel #: R221467

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 3851.66

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.91
  • Annual Gross Income: 28396.0
  • Property Net Operating Income: 1794.0
  • Annual Operating Expense: 26602.0

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
2025 $4,024 $197,720 -- --
2024 $3,852 $191,970 -- --
2023 $3,852 $186,380 $0 $0
2022 $3,411 $180,960 $0 $0
2021 $3,325 $175,690 $0 $0
2020 $3,129 $170,580 $0 $0
2019 $3,047 $165,620 $0 $0
2018 $2,905 $160,800 $0 $0
2017 $2,787 $156,120 $0 $0
2016 $2,458 $151,580 $0 $0
2015 $2,405 $147,170 $0 $0
2014 $2,296 $142,890 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2025 03/03/25 For Sale $395,000 0.0% $242 / Sq Ft
03/03/2025 03/03/25 For Sale $395,000 -- $242 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 387672615

Regional Multiple Listing Service (RMLS)

APN: R221467

Oregon Multnomah County Gresham 97030 Downtown Gresham

21 NE 5th St, Gresham, OR

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Nearby Homes
Timothy Manickam
Listing Agent
Timothy Manickam
Section Image
Fathom Realty Oregon, LLC
(971) 318-4458