NOT LISTED FOR SALE

509 SE 208th Ave Unit 511 Gresham, OR 97030

North Central Neighborhood

Estimated Value: $456,000 - $523,000

4 Beds
2 Baths
2,048 Sq Ft
$235/Sq Ft Est. Value

Sale Details

Date Sold: November 3, 2022

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

Est. 12% increase in value since last sale

Current estimated payment $3,053 / mo

28 Days on Market

Highlights

  • Corner Lot
  • Property is near bus stop
  • 1-Story Property
  • Storage
  • Baseboard Heating

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 Agent to Sell the Property

Heidi Settlemier

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

Last Buyer's Agent

Alex Roy

Premiere Property Group, LLC License #201216286

Premiere Property Group, LLC

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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 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

9,104 Sq Ft Lot

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1970
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 430000.0
  • 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 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2022
Closed on
Oct 28, 2022
Sold by
Bought by
Seller's Agent
Heidi Settlemier
Alameda Realty LLC
Buyer's Agent
Alex Roy
Premiere Property Group, LLC
List Price
$460,000
Sold Price
$430,000
Premium/Discount to List
-$30,000
-6.52%
Views
53
Current Estimated Value
$480,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,695
Avg. Annual Appreciation
2.97%
Original Mortgage
$365,500
Outstanding Balance
$349,700
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$130,995

Purchase Details

Closed on
Jul 11, 2002
Sold by
Bought by

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
Bought by

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
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in North Central, OR

  • Brian Johnson Real Estate Agent - Windermere Realty Trust

    Brian Johnson

    Windermere Realty Trust

    (360) 803-2544

    127 Total Sales

    1 in North Central

    $466,000 Price

    Brian Johnson
     Section Image
  • Merilee Lloyd Real Estate Agent - Gold Star Properties, LLC

    Merilee Lloyd

    Gold Star Properties, LLC

    (971) 340-2631

    51 Total Sales

    1 in North Central

    $474,500 Price

    Merilee Lloyd
     Section Image
  • Korrie Hicks Real Estate Agent - KOR Realty

    Korrie Hicks

    KOR Realty

    (360) 803-2918

    148 Total Sales

    2 in North Central

    $410K - $515K Price Range

    Korrie Hicks
     Section Image
  • Tracy Wiens Real Estate Agent - Neighborhood Works

    Tracy Wiens

    Neighborhood Works

    (503) 782-1844

    177 Total Sales

    1 in North Central

    $425,000 Price

    Tracy Wiens
     Section Image
  • Bev Blume Real Estate Agent - Keller Williams Realty Portland Elite

    Bev Blume

    Keller Williams Realty Portland Elite

    (541) 327-4010

    218 Total Sales

    4 in North Central

    $375K - $500K Price Range

    Bev Blume
     Section Image
  • Ariel Sasser Real Estate Agent - PROPERTY GROUP NW

    Ariel Sasser

    PROPERTY GROUP NW

    (360) 803-4498

    243 Total Sales

    1 in North Central

    $785,000 Price

    Ariel Sasser
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$430,000 Fidelity National Title
$160,000 First American
-- Chicago Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $365,500
Previous Owner $157,528
Previous Owner $118,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,997 $245,570
2024 $4,784 $238,420
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 Real Estate Agent - Alameda Realty LLC

    Seller's Agent in 2022

    Heidi Settlemier

    Alameda Realty LLC

    (503) 307-1502

    2 in this area

    72 Total Sales

    Heidi Settlemier
    Section Image
  • Alex Roy Real Estate Agent - Premiere Property Group, LLC

    Buyer's Agent in 2022

    Alex Roy

    Premiere Property Group, LLC

    (503) 233-4592

    2 in this area

    82 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

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 © 2026 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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