Estimated payment $8,593/month
Prime Development & Lifestyle Opportunity in GreshamDiscover an exceptional property offering both residential comfort and incredible development potential. Situated on 1.83 acres zoned LDR-7, this rare Gresham opportunity allows for the addition of up to 7 custom home lots or 25 townhomes (buyer to perform due diligence with the City of Gresham), creating a unique chance to generate income or offset your own housing costs.The existing home provides immediate livability with inviting spaces for today’s homeowner. Enjoy a spacious floor plan filled with natural light, well-appointed living areas, and generous bedrooms designed for comfort. Whether you choose to keep the home as your private retreat or position it for resale after development, the possibilities are abundant.A standout feature is the 1.18 acres of developable land, giving you flexibility to build new homes while maintaining your residence or turning the entire property into a profitable community project. The level lot, mature surroundings, and ideal zoning open the door to creativity and future value.Located in the heart of Gresham, one of Oregon’s fastest-growing cities, this property is poised to benefit from the region’s significant housing shortage. Gresham’s combination of strong community roots, expanding amenities, proximity to Portland, and rising demand for housing make it a prime location for new home development. With more people looking to call Gresham home, this property offers both immediate enjoyment and long-term potential.Whether you’re a homeowner seeking to leverage development to pay for your dream home, or an investor ready to seize one of the last remaining large parcels in the city, this property is a rare opportunity in today’s market.
Listing Agent
eXp Realty, LLC Brokerage Phone: 503-832-0180 License #200708180 Listed on: 10/02/2025
| 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 | $9,292 | $490,680 | -- | -- |
| 2024 | $8,900 | $476,390 | -- | -- |
| 2023 | $8,013 | $462,520 | $0 | $0 |
| 2022 | $7,717 | $449,050 | $0 | $0 |
| 2021 | $7,746 | $435,980 | $0 | $0 |
| 2020 | $7,132 | $423,290 | $0 | $0 |
| 2019 | $6,958 | $410,970 | $0 | $0 |
| 2018 | $6,673 | $399,000 | $0 | $0 |
| 2017 | $6,450 | $387,380 | $0 | $0 |
| 2016 | $6,261 | $376,100 | $0 | $0 |
| 2015 | $6,094 | $365,150 | $0 | $0 |
| 2014 | $5,947 | $354,520 | $0 | $0 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/02/2025 10/02/25 | For Sale | $1,500,000 | -- | $492 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- | |
| Bargain Sale Deed | -- | Transnation Title Agency Or |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $320,000 | Fannie Mae Freddie Mac |
Meet Stephanie, Your Trusted Real Estate Advisor.
With a passion for community and a commitment to excellence, Stephanie is your dedicated partner in all your real estate endeavors. As a proud member of the Portland Metro Community for her whole life, Stephanie brings a deep understanding of the local market and a genuine love for the area to every client interaction.
Driven by a philosophy of service and integrity, Stephanie believes in building lasting relationships with her
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Source: Regional Multiple Listing Service (RMLS)
MLS Number: 356304683
APN: R340427
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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.