NOT LISTED FOR SALE
-- Bed
10 Baths
10,160 Sq Ft
0.64 Acres

Last Sold November 25, 2024

Last sale price $2,177,901 $214 Per Sq Ft

6 Days on Market

Highlights

  • 0.64 Acre Lot
  • Level Lot
  • 5-minute walk to Gresham Splash Pad Park
  • Baseboard Heating
  • 1-Story Property

About This Home

As of November 2024

Welcome to the Cleveland Colonial Apartments. This is a 10-unit community conveniently located just a 1/2 mile from historic downtown Gresham. The building has a great unit mix of eight 3 bedroom/1 bath, 1000+ square foot units and two 2 bedroom/1 bath, 800+ square foot units. All units have been upgraded to include but are not limited to engineered hardwood floors, newer windows, kitchens with newer appliances and countertops, newer fixtures, and in-unit washers and dryers. All units uniquely have their own private backyards, and parking right in front of the units as well as plenty of additional off-street parking. The units have quite a few longer term tenants as a result of their amenities, the size of the units, and the location. This location is a walker’s paradise and many daily errands do not require a car. The property has a 91 walk score. This building is roughly a 7-minute walk from the Blue MAX Line. All units are currently occupied with a mix of both long term and newer tenants. The basement could be rented out as additional storage for increased income. Offers are to be written contingent on interior inspections.

Last Listed By

Jeffrey Capen

Windermere Realty Trust Brokerage Phone: 503-888-5191 License #200308199 Listed on: 09/11/2024

Windermere Realty Trust

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,846

Year Built

  • Built in 1969 | Remodeled

Lot Details

  • 0.64 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 10,160 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 10 Parking Spaces
  • Assigned Parking

Schools

  • East Gresham Elementary School
  • Dexter Mccarty Middle School
  • Gresham High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R339263

Community Details

Overview

  • 10 Units
  • Downtown Gresham Subdivision

Building Details

  • Operating Expense $39,583
  • Gross Income $210,193
  • Net Operating Income $170,610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,846

Year Built

Built in 1969 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1969
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement, Unfinished
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: Brick
  • Lot Size: 20,000 SqFt to .99 Acres
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No
  • Total Parking Spaces: 10.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: East Gresham
  • High School: Gresham
  • Middle Or Junior School: Dexter McCarty

Lot Info

  • Zoning: DRL-2
  • Lot Size Acres: 0.64
  • Lot Size Sq Ft: 27878.0
  • Parcel #: R339263

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 14845.64

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType10, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
  • Number Of Units Total: 10
  • Gross Rent Multiplier: 10.47
  • Annual Gross Income: 210193.0
  • Property Net Operating Income: 170610.0
  • Annual Operating Expense: 39583.0

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2024 11/25/24 Sold $2,177,901 -1.0% $214 / Sq Ft
09/17/2024 09/17/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $2,199,900 +96.4% $217 / Sq Ft
09/16/2016 09/16/16 Sold $1,120,000 +1.8% $92 / Sq Ft
07/11/2016 07/11/16 Pending -- -- --
06/14/2016 06/14/16 For Sale $1,100,000 -- $90 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24090840

Regional Multiple Listing Service (RMLS)

APN: 1S3E10AC 04000