NOT LISTED FOR SALE

903 NE 183rd Ave Unit 907 Portland, OR 97230

North Gresham Neighborhood

Estimated Value: $728,000 - $854,000

8 Beds
4 Baths
3,328 Sq Ft
$235/Sq Ft Est. Value

Last Sold April 01, 2025

Last sale price $850,000 $255 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $4,851/month

58 Days on Market

Highlights

  • Landscaped
  • Level Lot
  • Wall Furnace
  • 5 Car Garage
  • Lap Siding

About This Home

As of April 2025

Well located 4 Plex with a Portland address but located in the city limits of Gresham. Major 2022 remodel included: new roof, gutters, all exterior doors, fixtures and paint. Unit #907 was completely renovated, new kitchen, appliances, bath, floors, fixtures and paint. This unit also includes a patio and large fenced yard. All units are one level, 2 bedrooms, one bath with a yard plus detached garage w/opener and one parking space. Bonus 5th garage could be leased for additional income. Investment opportunity with good income potential. Owner occupied possibilities,two units on a month to month. Please Do NOt Disturb Tenants.

Last Agent to Sell the Property

Karen Wehrman

Fiv Realty License #200509168 Listed on: 12/19/2024

Fiv Realty

Last Buyer's Agent

Lilia Segel

Coldwell Banker Bain License #200405021

Coldwell Banker Bain

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,727

Year Built

  • Built in 1995 | Remodeled

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 50x225
  • Landscaped
  • Level Lot

Parking

  • 5 Car Garage
  • Off-Street Parking

Home Design

  • Composition Roof
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,328 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Hartley Elementary School
  • Reynolds Middle School
  • Reynolds High School

Utilities

  • No Cooling
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R321847

Community Details

Overview

  • 4 Units
  • North Gresham Subdivision

Building Details

  • Operating Expense $15,797
  • Gross Income $67,200
  • Net Operating Income $51,403

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,727

Year Built

Built in 1995 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1995
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, OffStreet
  • Attached Garage: No
  • Garage Spaces: 5.0

Utilities

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

Condo/Co-op/Association

  • Community Features: AllLandscaping

Schools

  • Elementary School: Hartley
  • High School: Reynolds
  • Middle Or Junior School: Reynolds

Lot Info

  • Zoning: CMF
  • Lot Size Acres: 0.26
  • Lot Size: 50X225
  • Lot Size Sq Ft: 11325.0
  • Parcel #: R321847

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 8727.44

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.17
  • Annual Gross Income: 67200.0
  • Property Net Operating Income: 51403.0
  • Annual Operating Expense: 15797.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2024
Closed on
Mar 28, 2025
Sold by
Ramirez Perez Frank J and Ramirez Carolina T
Bought by
Kim Chol Hye and Kim Seonjoo
Seller's Agent
Karen Wehrman
Fiv Realty
Buyer's Agent
Lilia Segel
Coldwell Banker Bain
List Price
$885,000
Sold Price
$850,000
Premium/Discount to List
-$35,000
-3.95%
Views
22
Current Estimated Value
$781,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$69,000
Avg. Annual Appreciation
-16.17%
Original Mortgage
$850,000
Outstanding Balance
$847,116
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
-$66,116

Purchase Details

Closed on
Mar 31, 2009
Sold by
Cho Jung Hun and Cho Eun Soo
Bought by
Cho Jung Hun and Cho Eun Soo
Source: Public Records

Range of Values:

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Average Value
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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
Kim Chol Hye $850,000 Wfg Title
Cho Jung Hun -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Chol Hye $850,000
Previous Owner Perez Frank J Ramirez $562,500
Previous Owner Thompson Gordon B $138,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 Sold $850,000 -4.0% $255 / Sq Ft
02/15/2025 02/15/25 Pending -- -- --
12/19/2024 12/19/24 For Sale $885,000 +45.3% $266 / Sq Ft
07/13/2022 07/13/22 Sold $609,000 -6.2% $183 / Sq Ft
06/18/2022 06/18/22 Pending -- -- --
05/26/2022 05/26/22 Price Changed $649,000 -6.6% $195 / Sq Ft
05/16/2022 05/16/22 For Sale $695,000 0.0% $209 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
04/05/2022 04/05/22 Price Changed $695,000 -4.8% $209 / Sq Ft
03/29/2022 03/29/22 For Sale $729,900 0.0% $219 / Sq Ft
03/26/2022 03/26/22 Pending -- -- --
03/06/2022 03/06/22 For Sale $729,900 -- $219 / 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
2024 $8,727 $466,680 -- --
2023 $8,727 $453,090 $0 $0
2022 $7,702 $439,900 $0 $0
2021 $7,512 $427,090 $0 $0
2020 $7,028 $414,660 $0 $0
2019 $6,737 $402,590 $0 $0
2018 $6,669 $390,870 $0 $0
2017 $6,453 $379,490 $0 $0
2016 $6,173 $368,440 $0 $0
2015 $5,994 $357,710 $0 $0
2014 $5,720 $347,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2025

    Karen Wehrman

    Fiv Realty

    (971) 506-3239

    2 in this area

    18 Total Sales

    Karen Wehrman
    Section Image
  • Lilia Segel

    Buyer's Agent in 2025

    Lilia Segel

    Coldwell Banker Bain

    (503) 806-6462

    1 in this area

    51 Total Sales

    Lilia Segel
    Section Image
  • Brian Porter

    Seller Co-Listing Agent in 2022

    Brian Porter

    Opt

    (503) 810-2219

    1 in this area

    194 Total Sales

    Brian Porter
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24210791

Regional Multiple Listing Service (RMLS)

APN: R321847

Oregon Multnomah County Portland 97230 North Gresham

903 NE 183rd Ave Unit 907, Portland, OR

This home is located at 903 NE 183rd Ave Unit 907, Portland, OR 97230 since 19 December 2024 and is currently estimated at $781,000, approximately $234 per square foot. This property was built in 1995. 903 NE 183rd Ave Unit 907 is a home located in Multnomah County with nearby schools including Hartley Elementary School, Reynolds Middle School, and Reynolds High School.

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