$980,000
PENDING

Estimated payment $5,802/month

Total Views 3,024
8 Beds
4 Baths
5,304 Sq Ft
$185 Price per Sq Ft

Highlights

  • 0.31 Acre Lot
  • 5-minute walk to Gresham City Hall
  • Laundry Facilities
  • Territorial View
  • No HOA
  • Level Lot

About This Home

Discover this wonderful single-story 6-plex featuring 2-bedroom, 1-bath units in a prime location in Gresham, Oregon. Perfectly situated close to schools, public transportation, and shopping, this property offers convenience and long-term appeal for tenants. The building boasts a newer roof (2021), a fenced property with a designated parking lot, and private back patios for each unit. A dedicated owner/manager office is located on-site for ease of management. Additional income is generated from coin-operated laundry machines, and the property benefits from a history of low vacancy rates and long-term tenants. Current rents are slightly below market rate, providing excellent upside potential for future income growth. With its desirable location, consistent rental history, and value-added features, this 6-plex is a rare investment opportunity in one of Gresham's most sought-after neighborhoods. Investors—act fast! Opportunities like this dont last long. Make your move before it's gone!

Listing Agent

Kelvin Chao

Kelly Right Real Estate of Portland, LLC License #201258480 Listed on: 09/26/2025

Kelly Right Real Estate of Portland, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,491

Year Built

  • Built in 1965

Lot Details

  • 0.31 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,304 Sq Ft Home
  • 1-Story Property
  • Territorial Views
  • Crawl Space

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway
  • On-Street Parking

Schools

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

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R286259

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $26,175
  • Gross Income $87,375
  • Net Operating Income $61,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,491

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1965
  • Property Attached Yn: No
  • Current Price For Status: 980000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Total Bedrooms: 8
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: Brick,Other
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Driveway, OnStreet
  • Attached Garage: No
  • Total Parking Spaces: 6.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Laundry
  • Association: No

Schools

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

Lot Info

  • Zoning: DRL-1
  • Lot Size Acres: 0.31
  • Lot Size Sq Ft: 13503.0
  • Parcel #: R286259

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 8491.03
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 11.22
  • Annual Gross Income: 87375.0
  • Property Net Operating Income: 61200.0
  • Annual Operating Expense: 26175.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2025 $8,870 $435,890 -- --
2024 $8,491 $423,200 -- --
2023 $7,736 $410,880 $0 $0
2022 $7,520 $398,920 $0 $0
2021 $7,330 $387,310 $0 $0
2020 $6,897 $376,030 $0 $0
2019 $6,717 $365,080 $0 $0
2018 $6,404 $354,450 $0 $0
2017 $6,144 $344,130 $0 $0
2016 $5,417 $334,110 $0 $0
2015 $5,300 $324,380 $0 $0
2014 $5,171 $314,940 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2025 12/06/25 Pending -- -- --
09/26/2025 09/26/25 For Sale $980,000 -- $185 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 740745747

Regional Multiple Listing Service (RMLS)

APN: 1S3E03CC 04100