NOT LISTED FOR SALE

3625 NE Division St Unit 3635 Gresham, OR 97030

Northeast Gresham Neighborhood

Estimated Value: $490,000 - $548,000

4 Beds
2 Baths
1,816 Sq Ft
$285/Sq Ft Est. Value

Last Sold May 01, 2024

Last sale price $519,000 $286 Per Sq Ft

Current estimated payment $3,153/month

14 Days on Market

Highlights

  • Corner Lot
  • Wood Siding
  • 1-Story Property
  • 2 Car Garage
  • Wall Furnace

About This Home

As of May 2024

Charming one-level Duplex on a corner lot featuring 2 well-maintained units - each boasting 2 Bedrooms & 1 Bath. One unit showcases recent renovations while the other has been well maintained with a long-term tenant. Attached two car garage gives each tenant parking + storage. Yard maintenance provided by owner. Renters pay $1595/month + $75 for water/sewer and $27.32 for garbage. Ideal for Investors seeking immediate rental income and future potential.

Last Agent to Sell the Property

Jason Webb

Legacy Realty Group Brokerage Phone: 503-496-5190 License #201215669 Listed on: 03/28/2024

Last Buyer's Agent

Vic Polanco

Hardy Properties License #201239734

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,482

Year Built

  • Built in 1975

Lot Details

  • 8,276 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Composition Roof
  • Wood Siding
  • Stone Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,816 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Hall Elementary School
  • Gordon Russell Middle School
  • Sam Barlow High School

Utilities

  • No Cooling
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance
  • Assessor Parcel Number R194739

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $14,163
  • Gross Income $35,422
  • Net Operating Income $21,259

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,482

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1975
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Stone,WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: None
  • Cooling Y N: No
  • Heating: WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: LDR
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276.0
  • Parcel #: R194739

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 4481.94
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.65
  • Annual Gross Income: 35422.0
  • Property Net Operating Income: 21259.0
  • Annual Operating Expense: 14163.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
Apr 30, 2024
Sold by
Parthenon Properties Llc
Bought by
Avalos Antonio C
Seller's Agent
Jason Webb
Legacy Realty Group
Buyer's Agent
Vic Polanco
Hardy Properties
List Price
$519,000
Sold Price
$519,000
Views
34
Current Estimated Value
$517,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,667
Avg. Annual Appreciation
-0.22%
Original Mortgage
$519,000
Outstanding Balance
$506,732
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$10,601

Purchase Details

Closed on
Aug 6, 2020
Sold by
Larsen Derek and Larsen Tami
Bought by
Parthenon Properites Llc

Purchase Details

Listed on
Aug 9, 2017
Closed on
Sep 18, 2017
Sold by
Lovely Michael R
Bought by
Larsen Derek and Larsen Tami
Seller's Agent
Bill Bailey
RE/MAX Advantage Group
Buyer's Agent
Kevin Dean, PC
Windermere Realty Trust
List Price
$324,900
Sold Price
$329,900
Premium/Discount to List
$5,000
1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Original Mortgage
$247,425
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2005
Sold by
Stiefbold Terry D
Bought by
Lovely Michael R and Lovely Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,600
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 9, 1996
Sold by
Case Roberta Lee
Bought by
Stiefbold Terry D and Perdue Cynthia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,200
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Avalos Antonio C $519,000 Fidelity National Title
Parthenon Properites Llc -- None Available
Larsen Derek $329,900 First American
Lovely Michael R $202,000 Lawyers Title Ins
Stiefbold Terry D $151,800 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Avalos Antonio C $519,000
Previous Owner Larsen Derek $247,425
Previous Owner Lovely Michael R $161,600
Previous Owner Stiefbold Terry D $144,200
Closed Lovely Michael R $40,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2024 05/01/24 Sold $519,000 0.0% $286 / Sq Ft
04/12/2024 04/12/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $519,000 +57.3% $286 / Sq Ft
09/19/2017 09/19/17 Sold $329,900 +1.5% $182 / Sq Ft View Prior Sale
08/14/2017 08/14/17 Pending -- -- --
08/09/2017 08/09/17 For Sale $324,900 -- $179 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

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
2024 $4,919 $245,190 -- --
2023 $4,482 $238,050 $0 $0
2022 $4,357 $231,120 $0 $0
2021 $4,247 $224,390 $0 $0
2020 $3,996 $217,860 $0 $0
2019 $3,891 $211,520 $0 $0
2018 $3,710 $205,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Webb

    Seller's Agent in 2024

    Jason Webb

    Legacy Realty Group

    (503) 497-5215

    1 in this area

    27 Total Sales

    Jason Webb
    Section Image
  • Vic Polanco

    Buyer's Agent in 2024

    Vic Polanco

    Hardy Properties

    (503) 545-8324

    1 in this area

    112 Total Sales

    Vic Polanco
    Section Image
  • Bill Bailey

    Seller's Agent in 2017

    Bill Bailey

    RE/MAX

    (503) 348-6380

    1 in this area

    176 Total Sales

    Bill Bailey
    Section Image
  • Kevin Dean, PC

    Buyer's Agent in 2017

    Kevin Dean, PC

    Windermere Realty Trust

    (503) 481-4400

    53 Total Sales

    Kevin Dean, PC
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24218099

Regional Multiple Listing Service (RMLS)

APN: R194739

Oregon Multnomah County Gresham 97030 Northeast Gresham

3625 NE Division St Unit 3635, Gresham, OR

This home is located at 3625 NE Division St Unit 3635, Gresham, OR 97030 since 28 March 2024 and is currently estimated at $517,333, approximately $284 per square foot. This property was built in 1975. 3625 NE Division St Unit 3635 is a home located in Multnomah County with nearby schools including Hall Elementary School, Gordon Russell Middle School, and Sam Barlow High School.

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