NOT LISTED FOR SALE

890 NW Division St Gresham, OR 97030

Northwest Gresham Neighborhood

Estimated Value: $618,000 - $4,472,996

7 Beds
4 Baths
20,400 Sq Ft
$155/Sq Ft Est. Value

Last Sold November 12, 2019

Last sale price $3,376,000 $165 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $18,619/month

39 Days on Market

About This Home

As of November 2019

The Colonial Heights Apts feature 19 large units, a mix of 2 BD flats (4) and 2 & 3 BD (8 each) townhouse style units. Located across the street from the Gresham Station Mall & the Gresham City Hall max station, the apartments are a fantastic place for tenants to live. The large lot has extensive off-street parking, with an additional 4, double-deep carports. 8 of the units have been extensively remodeled, all units have W/D hookups.

Last Listed By

Bernard Gehret

Joseph Bernard LLC License #200009029 Listed on: 07/26/2019

Joseph Bernard LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,703

Year Built

  • Built in 1965

Lot Details

  • 0.41

Parking

  • Carport
  • Paved Parking

Additional Features

  • 3-Story Property
  • Electric Water Heater

Community Details

  • 19 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,703

Year Built

Built in 1965

Lot Details

0

Parking

47

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 20400
  • Stories: 3
  • Year Built: 1965
  • Remarks Public: The Colonial Heights Apts feature 19 large units, a mix of 2 BD flats (4) and 2 & 3 BD (8 each) townhouse style units. Located across the street from the Gresham Station Mall & the Gresham City Hall max station, the apartments are a fantastic place for tenants to live. The large lot has extensive off-street parking, with an additional 4, double-deep carports. 8 of the units have been extensively remodeled, all units have W/D hookups.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: CASCADE VIEW AC, N 130' OF LOT 10 EXC PT IN ST

Exterior Features

  • Lot Size: 1 to 2.99 Acres
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 47
  • Parking Description: Carport, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard

Condo/Co-op/Association

  • Unit Features: Washer/Dryer Hookup

Schools

  • Elementary School: West Gresham
  • Middle School: Dexter McCarty
  • High School: Gresham

Lot Info

  • Zoning: TLDR

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 27093.90
  • Assessor Parcel Number: R129547
  • Assessor Parcel Number 2: R129548
  • Assessor Parcel Number 3: R129550
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 19
  • Gross Rent Multiplier: 12.35

MLS Schools

  • Elementary School: West Gresham
  • High School: Gresham
  • Middle School: Dexter McCarty

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2019
Closed on
Oct 31, 2019
Sold by
Colonial Heights Llc
Bought by
Bp Gresham Llc
Seller's Agent
Bernard Gehret
Joseph Bernard LLC
Buyer's Agent
Phillip Barry
Joseph Bernard LLC
List Price
$3,600,000
Sold Price
$3,376,000
Premium/Discount to List
-$224,000
-6.22%
Total Days on Market
39
Current Estimated Value
$3,152,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$223,668
Avg. Annual Appreciation
-4.40%
Original Mortgage
$1,450,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2016
Sold by
Clark Kenneth I
Bought by
Colonial Heights Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,418,000
Interest Rate
3.65%
Mortgage Type
Commercial

Range of Values:

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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
Bp Gresham Llc $3,376,000 First American
Colonial Heights Llc $1,950,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bp Gresham Llc $1,567,500
Closed Bp Gresham Llc $1,450,000
Previous Owner Colonial Heights Llc $1,418,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2019 11/12/19 Sold $3,376,000 -6.2% $165 / Sq Ft
09/03/2019 09/03/19 Pending -- -- --
08/26/2019 08/26/19 For Sale $3,600,000 0.0% $176 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
07/26/2019 07/26/19 For Sale $3,600,000 -- $176 / 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
2023 $13,703 $727,830 $0 $0
2022 $13,320 $706,640 $0 $0
2021 $12,985 $686,060 $0 $0
2020 $12,217 $666,080 $0 $0
2019 $11,897 $646,680 $0 $0
2018 $11,344 $627,850 $0 $0
2017 $10,884 $609,570 $0 $0
2016 $9,596 $591,820 $0 $0
2015 $9,389 $574,590 $0 $0
2014 $9,160 $557,860 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bernard Gehret

    Seller's Agent in 2019

    Bernard Gehret

    Joseph Bernard LLC

    (503) 546-9390

    14 Total Sales

    Section Image

  • P

    Buyer's Agent in 2019

    Phillip Barry

    Joseph Bernard LLC

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19485563

Regional Multiple Listing Service (RMLS)

APN: R129547

Oregon Multnomah County Gresham 97030 Northwest Gresham

890 NW Division St, Gresham, OR

Homes for Sale in Gresham, OR

This home is located at 890 NW Division St, Gresham, OR 97030 since 26 July 2019 and is currently estimated at $3,152,332, approximately $154 per square foot. This property was built in 1965. 890 NW Division St is a home located in Multnomah County with nearby schools including Dexter McCarty Middle School, Gresham High School, and Gresham Arthur Academy.

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.

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