NOT LISTED FOR SALE

509 SE 208th Ave Unit 511 Gresham, OR 97030

North Central Neighborhood

Estimated Value: $443,000 - $471,019

4 Beds
2 Baths
2,048 Sq Ft
$225/Sq Ft Est. Value

Last Sold November 03, 2022

Last sale price $430,000 $210 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,923/month

28 Days on Market

Highlights

  • Corner Lot
  • Storage
  • Baseboard Heating
  • Window Unit Cooling System
  • Property is near a bus stop
  • 1-Story Property

About This Home

As of November 2022

Spacious & vacant one level Gresham duplex with 2 bed 1 bath units! Living rooms w/ wood pellet stoves, dining areas, laundry rooms off the kitchen and each their own parking, fenced yards w/ storage units. Fresh interior paint in both units and new carpeting in one, with a little TLC these vacant units will be ready to rent at market rate! Great for an owner occupy or rental investment opportunity!

Last Listed By

Heidi Settlemier

Alameda Realty LLC License #990400029 Listed on: 09/10/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,130

Year Built

  • Built in 1970

Lot Details

  • Corner Lot

Home Design

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

Interior Spaces

  • 2,048 Sq Ft Home
  • 1-Story Property
  • Storage
  • Crawl Space

Parking

  • Carport
  • Open Parking

Location

  • Flood Zone Lot
  • Property is near a bus stop

Schools

  • North Gresham Elementary School
  • Clear Creek Middle School
  • Gresham High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R207633

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $9,826
  • Gross Income $33,600
  • Net Operating Income $23,774

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,130

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1970
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, FloodZone, OnBusline
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: North Gresham
  • High School: Gresham
  • Middle Or Junior School: Clear Creek

Lot Info

  • Zoning: TDLR
  • Parcel #: R207633

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 4129.79

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.65
  • Annual Gross Income: 33600.0
  • Property Net Operating Income: 23774.0
  • Annual Operating Expense: 9826.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2022
Closed on
Oct 28, 2022
Sold by
Kageler Kurt
Bought by
Gomez Carlos and Gomez Rachel
Seller's Agent
Heidi Settlemier
Alameda Realty LLC
Buyer's Agent
Alex Roy
John L Scott Portland SW
List Price
$460,000
Sold Price
$430,000
Premium/Discount to List
-$30,000
-6.52%
Total Days on Market
28
Views
62
Current Estimated Value
$461,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,755
Avg. Annual Appreciation
2.65%
Original Mortgage
$365,500
Outstanding Balance
$355,526
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$103,745

Purchase Details

Closed on
Jul 11, 2002
Sold by
Harvey Dennis
Bought by
Kageler Kurt and Kageler Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,528
Interest Rate
6.71%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 19, 2002
Sold by
Harvey Dennis
Bought by
Harvey Dennis and Harvey Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 1996
Sold by
Harvey Dennis
Bought by
Harvey Dennis and Harvey Janice

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
Gomez Carlos $430,000 Fidelity National Title
Kageler Kurt $160,000 First American
Harvey Dennis -- Chicago Title
Harvey Dennis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Carlos $365,500
Previous Owner Kageler Kurt $272,000
Previous Owner Kageler Stephanie $139,541
Previous Owner Kageler Kurt $27,000
Previous Owner Kageler Kurt $157,528
Previous Owner Harvey Dennis $118,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2022 11/03/22 Sold $430,000 +1.2% $210 / Sq Ft
10/09/2022 10/09/22 Pending -- -- --
09/28/2022 09/28/22 Price Changed $425,000 -3.4% $208 / Sq Ft
09/20/2022 09/20/22 Price Changed $440,000 -4.3% $215 / Sq Ft
09/10/2022 09/10/22 For Sale $460,000 -- $225 / 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
2023 $4,358 $231,480 $0 $0
2022 $4,236 $224,740 $0 $0
2021 $4,130 $218,200 $0 $0
2020 $3,886 $211,850 $0 $0
2019 $3,784 $205,680 $0 $0
2018 $3,608 $199,690 $0 $0
2017 $3,462 $193,880 $0 $0
2016 $3,052 $188,240 $0 $0
2015 $2,986 $182,760 $0 $0
2014 $2,861 $177,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Heidi Settlemier

    Seller's Agent in 2022

    Heidi Settlemier

    Alameda Realty LLC

    (503) 307-1502

    1 in this area

    78 Total Sales

    Heidi Settlemier
    Section Image
  • Alex Roy

    Buyer's Agent in 2022

    Alex Roy

    John L Scott Portland SW

    (503) 233-4592

    2 in this area

    70 Total Sales

    Alex Roy
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22403499

Regional Multiple Listing Service (RMLS)

APN: R207633

Oregon Multnomah County Gresham 97030 North Central

509 SE 208th Ave Unit 511, Gresham, OR

Homes for Sale in Gresham, OR

This home is located at 509 SE 208th Ave Unit 511, Gresham, OR 97030 since 10 September 2022 and is currently estimated at $461,755, approximately $225 per square foot. This property was built in 1970. 509 SE 208th Ave Unit 511 is a home located in Multnomah County with nearby schools including North Gresham Elementary School, Clear Creek 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.

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