$460,000
SOLD JAN 6, 2025

3495 SE 1st St Unit 3497 Gresham, OR 97080

Powell Valley Neighborhood
-- Bed
-- Bath
2,800 Sq Ft
7,840 Sq Ft Lot

Recently Sold

$164 Per Sq Ft

14% Below List Price

77 Days on Market

Highlights

  • View of Trees or Woods
  • No HOA
  • Property is near a bus stop
  • Corner Lot
  • Landscaped with Trees
  • Forced Air Heating and Cooling System

About This Home

As of January 2025

Gresham corner lot duplex in the popular El Camino neighborhood priced to sell. Generous 1400 Sq Ft units with 2 bedrooms, 2 full baths, fireplaces and private rear decks. Oversize garage includes lots of room for storage or hobby area. Forced air electric heat in both units PLUS central AC in Unit 3497. One unit is vacant with fresh interior paint, new LVP flooring and new carpeting, making this duplex a perfect owner occupied opportunity. The investor can taker advantage of the tight rental market and set your own rental rate for the vacant unit.

Last Agent to Sell the Property

Tony Lozzi

John L. Scott Portland Metro Brokerage Phone: 503-665-0111 License #910500196

John L. Scott Portland Metro

Last Buyer's Agent

Tony Lozzi

John L. Scott Portland Metro Brokerage Phone: 503-665-0111 License #910500196

John L. Scott Portland Metro

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,585

Year Built

  • Built in 1978

Lot Details

  • 7,840 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Landscaped with Trees

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Composition Roof
  • Wood Siding
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Views of Woods
  • Crawl Space

Location

  • Property is near a bus stop

Schools

  • Powell Valley Elementary School
  • Gordon Russell Middle School
  • Sam Barlow High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R154893

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • El Camino Subdivision

Building Details

  • Operating Expense $10,070
  • Gross Income $16,200
  • Net Operating Income $6,130

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,585

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1978
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, None
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: T111Siding,WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: CornerLot, GentleSloping, Level, OnBusline, PublicRoad, Trees
  • Road Surface Type: Paved
  • Water Body Name: NA
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable,Other
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Powell Valley
  • High School: Sam Barlow
  • Middle Or Junior School: Gordon Russell

Lot Info

  • Zoning: RESID
  • Lot Size Acres: 0.18
  • Lot Size: IRREG 7,727 Sq Ft
  • Lot Size Sq Ft: 7840.0
  • Parcel #: R154893

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 6585.19
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 33.0
  • Annual Gross Income: 16200.0
  • Property Net Operating Income: 6130.0
  • Annual Operating Expense: 10070.0

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

Property History

Date Event Price Change Sq Ft Price
01/06/2025 01/06/25 Sold $460,000 -13.9% $164 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $534,534 -- $191 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $6,000 $318,660 $0 $0
2022 $5,832 $309,380 $0 $0
2021 $5,685 $300,370 $0 $0
2020 $5,349 $291,630 $0 $0
2019 $5,209 $283,140 $0 $0
2018 $4,967 $274,900 $0 $0
2017 $4,765 $266,900 $0 $0
2016 $4,202 $259,130 $0 $0
2015 $4,111 $251,590 $0 $0
2014 $3,893 $243,730 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $345,000 New Conventional
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24596903

Regional Multiple Listing Service (RMLS)

APN: R154893

Oregon Multnomah County Gresham 97030 Powell Valley

3495 SE 1st St Unit 3497, Gresham, OR

Homes for Sale in Gresham, OR

This home is located at 3495 SE 1st St Unit 3497, Gresham, OR 97080 and is currently priced at $460,000, approximately $164 per square foot. This property was built in 1978. 3495 SE 1st St Unit 3497 is a home located in Multnomah County with nearby schools including Powell Valley Elementary School, Gordon Russell Middle School, and Sam Barlow 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.

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