NE 5TH ST, Gresham, OR 97030
Multnomah County
Key Facts
Description
These prime development parcels are perfectly positioned in vibrant Historic Downtown Gresham, bustling with delightful restaurants, trendy shops, and an array of local amenities.Zoned DRL-2, a mixed-use sub-district, will allow single detached dwellings while also allowing duplexes, triplexes, quadplexes, townhouses, cottage clusters, multifamily, and small-scale commercial activities. All utilities available. This rare gem presents more than just land; it offers limitless potential in an area ripe for growth and development. Buyer to verify all information and development potential with the City of Gresham.
Property Information
Property Type
Land
Lot Size
0.68 acres
Zoning
DRL-2
Days on Market
34
MLS® Listing#
172480520
Property Features
Cooling
Heating
Lot Features
Utilities
Sewer
Schools
- Elementary:
- East Gresham
- Middle:
- Dexter McCarty
- High:
- Gresham
Financial Details
HOA
None
Annual Taxes
$2,600
Tax year 2024
Parcel Number
R313994
Directions
Powell or Division to Cleveland, East on 5th
Affordability Calculator
$230,000
Estimated monthly payment
$6,121/mo
Principal $920,000 · Est. interest $1,283,482 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Gresham, OR
- $502,151
- Median Listing Price
- 167
- Median Days on Market
- 1,778
- Median Sq Ft
- $268
- Median Price / Sq Ft
- 213
- Active Listings
- This home’s price is 129% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Gresham, OR.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2909 SE LIBERTY PL, Gresham, OR | $815,000 | 4 | 3 | 3,672 |
| 4616 SE HONORS PL, Gresham, OR | $819,000 | 4 | 3 | 3,061 |
| 652 SW 49TH DR, Gresham, OR | $839,100 | 5 | 4 | 3,285 |
| 4434 W POWELL BLVD, Gresham, OR | $849,000 | — | — | 1,312 |
| 4434 W POWELL BLVD, Gresham, OR | $849,000 | 3 | 4 | 1,312 |
| 3689 SE 14TH ST, Gresham, OR | $850,000 | 4 | 3 | 1,930 |
Moving Cost Estimate
Listing Courtesy: Kohler Meyers O'Halloran Inc. - 5036618000
Presented by: Darren O'Halloran
Last Updated: 2025-06-26