$699,000

2490 SE 7th St Unit 2492 Gresham, OR 97080

Mount Hood Neighborhood

Estimated payment $4,294/month

Total Views 600
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Attached Garage
  • Wall Furnace
  • 1-Story Property
  • Lap Siding

About This Home

The entire interior has been beautifully remodeled — featuring modern finishes, new stainless steel appliances, fresh paint, updated flooring, and stylish kitchens and bathrooms. Spacious front yard and large private backyard perfect for relaxing or entertaining. Excellent location just minutes to shopping centers, restaurants, parks, and schools. A fantastic turn-key investment opportunity or live in one unit and rent the other!

Listing Agent

Jonathan Minerick

homecoin.com Brokerage Email: info@homecoin.com License #201253274

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,802

Year Built

  • Built in 1978

Lot Details

  • 8,276 Sq Ft Lot

Parking

  • Attached Garage

Home Design

  • Composition Roof
  • Lap Siding
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Crawl Space

Schools

  • Hogan Cedars Elementary School
  • Dexter Mccarty Middle School
  • Gresham High School

Utilities

  • No Cooling
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R164235

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $9,006
  • Gross Income $51,600
  • Net Operating Income $42,594

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,802

Year Built

Built in 1978

Lot Details

0

Listing Details

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

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: CementSiding,LapSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Hogan Cedars
  • High School: Gresham
  • Middle Or Junior School: Dexter McCarty

Lot Info

  • Zoning: LDR
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276.0
  • Parcel #: R164235

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 4801.68

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.55
  • Annual Gross Income: 51600.0
  • Property Net Operating Income: 42594.0
  • Annual Operating Expense: 9006.0

Map

Range of Values:

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Sold Price
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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 $4,802 $232,350 $0 $0
2022 $4,252 $225,590 $0 $0
2021 $4,145 $219,020 $0 $0
2020 $3,900 $212,650 $0 $0
2019 $3,798 $206,460 $0 $0
2018 $3,622 $200,450 $0 $0
2017 $3,475 $194,620 $0 $0
2016 $3,064 $188,960 $0 $0
2015 $2,998 $183,460 $0 $0
2014 $2,884 $178,120 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 For Sale $699,000 +33.1% --
11/18/2022 11/18/22 Sold $525,000 0.0% $288 / Sq Ft
10/24/2022 10/24/22 Pending -- -- --
10/05/2022 10/05/22 For Sale $524,900 -- $288 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $525,000 First American Title
Interfamily Deed Transfer -- Fidelity National Title
Warranty Deed $180,000 Lawyers Title Ins
Individual Deed $130,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $515,490 FHA
Previous Owner $228,400 New Conventional
Previous Owner $224,000 New Conventional
Previous Owner $18,500 Credit Line Revolving
Previous Owner $143,500 Unknown
Previous Owner $156,000 Seller Take Back
Previous Owner $117,000 Purchase Money Mortgage
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 518038502

Regional Multiple Listing Service (RMLS)

APN: R164235

Oregon Multnomah County Gresham 97080 Mount Hood

2490 SE 7th St Unit 2492, Gresham, OR

Homes for Sale in Gresham, OR

This home is located at 2490 SE 7th St Unit 2492, Gresham, OR 97080 and is currently priced at $699,000. This property was built in 1978. 2490 SE 7th St Unit 2492 is a home located in Multnomah County with nearby schools including Hogan Cedars Elementary School, Dexter McCarty Middle School, and Gresham High School.

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.

Jonathan Minerick
Listing Agent
Jonathan Minerick
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homecoin.com
(888) 400-2513