$395,000

21 NE 5th St Gresham, OR 97030

Downtown Gresham Neighborhood

Estimated payment $2,506/month

Total Views 9,496
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
  • 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:

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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 $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 Change Sq Ft Price
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

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See All Homes in Gresham

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

This home is located at 21 NE 5th St, Gresham, OR 97030 and is currently priced at $395,000, approximately $241 per square foot. This property was built in 1944. 21 NE 5th St is a home located in Multnomah County with nearby schools including Highland Elementary School, Clear Creek Middle School, and Gresham High School.

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