NOT LISTED FOR SALE

855 NE Cochran Ave Unit 865 Gresham, OR 97030

Powell Valley Neighborhood

Estimated Value: $503,000 - $581,000

4 Beds
4 Baths
2,696 Sq Ft
$199/Sq Ft Est. Value

Last Sold June 18, 2015

Last sale price $229,900 $85 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $3,322/month

13 Days on Market

Highlights

  • Private Lot
  • 2 Car Garage
  • Lap Siding
  • Forced Air Heating System

About This Home

As of June 2015

Nice townhome style with garages. Vaulted ceiling, stone fireplace in one unit, natural light, private deck below market rents. Long term tenants.Investors - below market rents, long term tenants.Units need some love to bring rents to peak market value.Sellers to credit 30K toward updates - yes 30KOffers subject to interior inspection. Do not disturb tenants. Thanks.

Last Agent to Sell the Property

Roberta Nopson

Nopson Real Estate License #200204331 Listed on: 05/02/2015

Co-Listed By

Stephen Nopson

Nopson Real Estate License #780403852

Last Buyer's Agent

Aaron Rian

The Brokerage House License #200711174

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,207

Year Built

  • Built in 1980

Lot Details

  • Private Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Off-Site Parking

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 2,696 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Schools

  • Hall Elementary School
  • Gordon Russell Middle School
  • Sam Barlow High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R296766

Community Details

Overview

  • 2 Units
  • Village Squire Subdivision

Building Details

  • Operating Expense $1,591
  • Gross Income $16,440
  • Net Operating Income $9,269

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,207

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1980
  • Property Attached Yn: No
  • Current Price For Status: 229900.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, FullBasement
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Brick,LapSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Lot Features: Level, Private
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, OffSite
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

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

Schools

  • Elementary School: Hall
  • High School: Sam Barlow
  • Middle Or Junior School: Gordon Russell

Lot Info

  • Zoning: LDR-7
  • Parcel #: R296766

Green Features

  • Green Certification: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.98
  • Annual Gross Income: 16440.0
  • Property Net Operating Income: 9269.0
  • Annual Operating Expense: 1591.0

Tax Info

  • Tax Annual Amount: 3206.6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2025
Sold by
Mayes Gregory W
Bought by
Bassett Properties Llc
Current Estimated Value
$536,835

Purchase Details

Listed on
May 2, 2015
Closed on
Jun 16, 2015
Sold by
Trost Norm
Bought by
Mayers Gregory W
Seller's Agent
Roberta Nopson
Nopson Real Estate
Buyer's Agent
Aaron Rian
The Brokerage House
List Price
$259,900
Sold Price
$229,900
Premium/Discount to List
-$30,000
-11.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.47%
Original Mortgage
$163,730
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2004
Sold by
Trost Norm
Bought by
Trost Norm and Trost Arty

Purchase Details

Closed on
May 5, 1997
Sold by
Dannelley James A
Bought by
Trost Norm and Trost Arty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,500
Interest Rate
7.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 1996
Sold by
Hoodview Equity Corp
Bought by
Dannelley James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
8.42%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 4, 1994
Sold by
Perkins Randall Alan
Bought by
Hoodview Equity Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,600
Interest Rate
9.09%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bassett Properties Llc -- None Listed On Document
Mayers Gregory W $233,900 Lawyers Title
Trost Norm -- --
Trost Norm $162,500 Stewart Title
Dannelley James A $158,500 Ticor Title Insurance
Hoodview Equity Corp $65,000 Oregon Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mayers Gregory W $163,730
Previous Owner Trost Norm $109,500
Previous Owner Dannelley James A $103,000
Previous Owner Hoodview Equity Corp $22,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2015 06/18/15 Sold $229,900 -11.5% $85 / Sq Ft
05/14/2015 05/14/15 Pending -- -- --
05/01/2015 05/01/15 For Sale $259,900 -- $96 / 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
2025 $5,901 $289,960 -- --
2024 $5,648 $281,520 -- --
2023 $5,648 $273,330 $0 $0
2022 $5,002 $265,370 $0 $0
2021 $4,876 $257,650 $0 $0
2020 $4,588 $250,150 $0 $0
2019 $4,468 $242,870 $0 $0
2018 $4,260 $235,800 $0 $0
2017 $4,088 $228,940 $0 $0
2016 $3,604 $222,280 $0 $0
2015 $3,379 $206,780 $0 $0
2014 -- $200,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Roberta Nopson

    Seller's Agent in 2015

    Roberta Nopson

    Nopson Real Estate

    (503) 939-8025

    32 Total Sales

    Roberta Nopson
    Section Image

  • S

    Seller Co-Listing Agent in 2015

    Stephen Nopson

    Nopson Real Estate

    (503) 319-7222

    18 Total Sales

    Stephen Nopson
    Section Image

  • A

    Buyer's Agent in 2015

    Aaron Rian

    The Brokerage House

See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15354043

Regional Multiple Listing Service (RMLS)

APN: R296766

Oregon Multnomah County Gresham 97030 Powell Valley

855 NE Cochran Ave Unit 865, Gresham, OR

Not Listed for Sale

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