Estimated payment $8,624/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
$850,000
Tucked away on a quiet, private lot, this custom-designed and owner-built home offers the perfect blend of sophistication and comfort. Thoughtfully crafted with high-end finishes and a floor plan made for modern living, it’s ideal for families and entertainers alike.Step inside to an open and inviting main level featuring a dedicated office, spacious great room, and a designer kitchen with a
Stephanie Peck eXp Realty, LLC
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A rare opportunity with endless potential! This 7-bed, 3-bath home sits on a generous lot and includes an oversized garage that is perfect for storage, workshop use, or future expansion. Previously operated as an adult-disabilities care home, it features a spacious layout with ample bedrooms, multiple (three) common areas, and a highly functional footprint.This property could be ideal for:
Stephanie Peck eXp Realty, LLC
$489,000
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Stephanie Peck eXp Realty, LLC
$450,000
This beautiful property offers a rare opportunity to build your dream home in a peaceful, private setting. The level homesite is ready to build, with a well already in place and septic approved. There’s plenty of space for a spacious home, shop, or additional outbuildings. Enjoy stunning territorial views and the quiet of surrounding nature. Appointment required to walk the property.
Stephanie Peck eXp Realty, LLC
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Stephanie Peck eXp Realty, LLC
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Tucked away in the highly desirable Redland area of Oregon City, this private, gated 2-acre property offers the perfect blend of seclusion and convenience. Surrounded by mature trees and set well off the road, the setting feels peaceful and secluded, yet you’re just minutes from shopping, restaurants, and easy freeway access. The level acreage provides endless possibilities for animals, hobbies,
Stephanie Peck eXp Realty, LLC
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CUSTOM BUILT DREAM HOME! Work directly with our high end custom home builder to build this home or design your own. This beautiful property offers a rare opportunity to build your dream home in a peaceful, private setting. There’s plenty of space for a spacious home, shop, or additional outbuildings. Enjoy stunning territorial views and the quiet of surrounding nature. Appointment required to
Stephanie Peck eXp Realty, LLC
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Buyers, take advantage of a NO COST RATE BUY DOWN with our preferred lender. Don't miss this incredible 1920’s Oregon City bungalow with vintage character and plenty of modern upgrades. You are going to love the inviting feel of the new laminate flooring, fresh finishes, and warm natural light throughout. The main-level primary bedroom offers convenience and comfort, while the two additional
Stephanie Peck eXp Realty, LLC
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Tucked far off the street for peace and privacy, this beautifully remodeled home offers the perfect mix of modern updates, flexible living, and abundant outdoor space. With a large lot, detached garage, and plenty of room for vehicles, RVs, and toys, this property is designed for both convenience and comfort.Step inside to find fresh upgrades throughout. The bright and spacious living room
Stephanie Peck eXp Realty, LLC
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 356304683
APN: R340427
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