Located on a quiet street south of SE Stark in Gresham, the 7 unit property features large two and three bedroom, one and a half bath units with ample off-street parking. Rents are lower than market rates due to the seller's self-managing strategy, and currently the property has long term tenants.
Last Agent to Sell the Property
Bernard Gehret
Joseph Bernard LLCLicense #200009029Listed on: 02/05/2018
Last Buyer's Agent
Bernard Gehret
Joseph Bernard LLCLicense #200009029Listed on: 02/05/2018
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$11,226
Year Built
Built in 1971
Parking
Assigned Parking
Community Details
7 Units
Listing and Financial Details
Rent includes trash collection, sewer, water
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$11,226
Year Built
Built in 1971
Lot Details
0
Listing Details
Status: Sold
Property Category: Multi Family
Sq Ft Approximate Building Total: 6638
Year Built: 1971
Remarks Public: Located on a quiet street south of SE Stark in Gresham, the 7 unit property features large two and three bedroom, one and a half bath units with ample off-street parking. Rents are lower than market rates due to the seller's self-managing strategy, and currently the property has long term tenants.
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Legal Description: LINDY ADD, BLOCK 2, LOT 22
Exterior Features
Lot Size: 20,000 SqFt to .99 Acres
Roof Type: Composition
Garage/Parking
Parking Description: Assigned
Utilities
Fuel Description: Electricity
Sewer: Public Sewer
Water Description: Public
Lot Info
Zoning: MDR-12
Rental Info
Rent Includes: Trash Collection, Sewer, Water
Tax Info
Tax Amount: 8916.21
Assessor Parcel Number: R207663
Multi Family
Unit Type: 1, 2
Number Of Units Total: 7
Gross Rent Multiplier: 13.37
Ownership History
DateNameOwned ForOwner Type
Jun 2022 - PresentHartshorn Enterprises 1 Llc3 Years and 1 Month
Company
Purchase Details
Listed on
Jan 15, 2022
Closed on
Jun 7, 2022
Sold by
Otis Developments Llc
Bought by
Hartshorn Enterprises 1 Llc
Seller's Agent
Patrick Sheehan
Better Homes & Gardens Realty
Buyer's Agent
Erik Meyer
MORE Realty
List Price
$1,365,000
Sold Price
$1,345,000
Premium/Discount to List
-$20,000
-1.47%
Total Days on Market
46
Current Estimated Value
$1,122,674
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$222,326
Avg. Annual Appreciation
-6.24%
Original Mortgage
$1,015,000
Outstanding Balance
$971,232
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$128,194
Dec 2019 - Jun 2022Otis Developments Llc2 Years and 6 Months
Company
Purchase Details
Listed on
Jul 3, 2019
Closed on
Dec 5, 2019
Sold by
Davu2 Investments Llc
Bought by
Otis Developments Llc
Seller's Agent
Bernard Gehret
Joseph Bernard LLC
Buyer's Agent
Patrick Sheehan
Better Homes & Gardens Realty
List Price
$1,170,000
Sold Price
$1,142,600
Premium/Discount to List
-$27,400
-2.34%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.71%
Original Mortgage
$551,000
Interest Rate
3.75%
Mortgage Type
Future Advance Clause Open End Mortgage
Jun 2018 - Dec 2019Davu2 Investments Llc1 Year and 6 Months
Company
Purchase Details
Listed on
Feb 5, 2018
Closed on
Jun 7, 2018
Sold by
Hui Tong Bong Shing
Bought by
Davu2 Investments Llc
Seller's Agent
Bernard Gehret
Joseph Bernard LLC
Buyer's Agent
Bernard Gehret
Joseph Bernard LLC
List Price
$1,000,000
Sold Price
$875,000
Premium/Discount to List
-$125,000
-12.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.61%
Original Mortgage
$615,000
Interest Rate
4.5%
Mortgage Type
Commercial
Mar 2004 - Jun 2018Hui Tony Bong Shing and Hui Luyen Thi Huynh14 Years and 3 Months
Private Individual
Purchase Details
Closed on
Mar 29, 2004
Sold by
Suminski Michael T
Bought by
Hui Tony Bong Shing and Hui Luyen Thi Huynh
Dec 1999 - Mar 2004Albertsons Inc4 Years and 3 Months
Private Individual
Purchase Details
Closed on
Dec 15, 1999
Sold by
Suminski Michael T and Suminski Doreen
Bought by
Albertsons Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,350
Interest Rate
7.82%
Mortgage Type
Seller Take Back
Dec 1999 - Dec 1999Suminski Michael T and Suminski DoreenLess than a month
Private Individual
Purchase Details
Closed on
Dec 13, 1999
Sold by
Suminski Marie J
Bought by
Suminski Michael T and Suminski Doreen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Excellent Investment Opportunity in Prime Gresham Location! Don’t miss this rare chance to own a well-maintainedfourplex just minutes from shopping, dining, transit, and downtown Gresham. Each of the four 2-bedroom, 1-bath units oerscomfortable living. Tenants enjoy the convenience of a detached single-car garage for each unit, plus extra parking space.Located close to Mt. Hood Community College,
This well-maintained 5-unit multi-family property is located in a prime area of Pleasant Home, offering strong rental income potential and long-term appreciation. The building consists of 5-unit configuration, four 2-bedroom units and one 1-bedroom unit, each with a spacious layout, modern finishes, and ample natural light. Unit 2 has been recently updated. Storage sheds for each unit and a
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Average Value
Not Available
List Price
Sold Price
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Tax AssessmentTax 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.
This home is located at 709 SE 212th Ave Unit 723, Gresham, OR 97030 and is currently priced at $875,000, approximately $131 per square foot. This property was built in 1971. 709 SE 212th Ave Unit 723 is a home located in Multnomah County with nearby schools including North Gresham Elementary School, Clear Creek Middle School, and Gresham High School.
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