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Sold on 08/15/2026
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1546 NE Cleveland Ave, Gresham, OR 97030

$815,000

Last sold 08/15/2026 after 107 Days

  • —

    bed

  • —

    bath

  • 3,840

    Sqft ($212/Sqft)

Multi-family not for sale
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About 1546 NE Cleveland Ave

Property type Multi-family
Neighborhood
Year built 2003
HOA fee $0/month
Lot size 0.33 Acre
Rental estimate
Property description
Fully leased 4-unit multifamily asset delivering immediate cash flow with strong retention. Each of the four units offers 2 bedrooms, 1.5 bathrooms, and 960 square feet with a thoughtful, open-concept layout featuring spacious living and dining areas, well-equipped kitchens, in-unit washer and dryer, and desirable private outdoor spaces (decks for upper units, patios for lower units) enhancing rental appeal and stability.Low-maintenance investment with newer roof (~1 year) and consistent upkeep. Located near Historic Downtown Gresham, Gresham Station, parks, and MAX Blue Line, supporting long-term rental demand. Walk Score 75, Bike 79, Transit 56. Ideal for investors seeking stable income with upside potential. For Google Maps directions use address: 1568 NE Cleveland Ave, Gresham, OR 97030
Listed by
Listing Agent - Sally Olsson
Listing Agent Contact: 503-679-7980
Listing Office - Real Broker
Source: RMLS mls logo
MLS#336267263 • last updated 1 day ago
Movoto checked RMLS for data 9 minutes ago
Overview
Heating Wall Heater
MLS # 336267263
Type Multi Family
Status Sold
Lot Size (SqFt) 14374
Lot Size (Acres) 0.33
Property Tax 9612.13
Year Built 2003
Exterior
Roof Composition
# Parking Spaces 8
Exterior Features LapSiding, VinylSiding
Lot Desc FlagLot, Level, Private
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
View Trees/Woods
County Multnomah
Community Features All Landscaping
Area 144 - Gresham, Sandy, Troutdale, Corbett
Elementary School Highland
Middle School Clear Creek
High School Gresham
Zoning MDR-24
Directions For Google Maps Directions Use Address: 1568 NE Cleveland Ave, Gresham, OR 97030
APN R511989
Multifamily Details
Unit Type 3: Total Baths 2
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 2
Unit Type 3: # Bedrooms 2
Unit Type 4: Total Baths 2
Unit Type 2: Total Baths 2
Unit Type 4: # Bedrooms 2
Unit Type 1: Rent 1600
Unit Type 4: Rent 1323
Unit Type 3: Rent 1430
Unit Type 2: Rent 1450
Total # of Units 4
Gross Rent Multiplier 11.81
Net Operating Income 46839
Operating Expense 20908
Gross Income 67747
Cap Rate 5.85
Lot/ Land Details
Road Surface Concrete, Paved
We are not permitted to show value estimates for this property.
  • Sep 2026
    mls logo MLS # 336267263
  • Sep 8, 2026 Sold
    $815,000 (+1.9%)
  • Aug 16, 2026 Pending
    —
  • Jul 15, 2026 Price Change
    $800,000 (-1.8%)
  • Jun 18, 2026 Listed
    —
  • May 7, 2026 Pending
    —
  • Apr 30, 2026 Listed
    $815,000 (+81.1%)
  • Oct 2015
    Public Records
  • Oct 9, 2015 Sold
    $450,000 (+8.4%)
  • Oct 2008
    Public Records
  • Oct 17, 2008 Sold
    $415,000 (+9.2%)
  • Feb 2004
    Public Records
  • Feb 12, 2004 Sold
    $380,000
  • Year Property taxes Tax assessment
  • 2024
    $9,201 +9.8%
    $458,600 +3.0%
  • 2023
    $8,383 +2.9%
    $445,250 +3.0%
  • 2022
    $8,149 +2.6%
    $432,290 +3.0%
  • 2021
    $7,943 +6.3%
    $419,700 +3.0%
  • 2020
    $7,474 +2.7%
    $407,480 +3.0%
  • 2019
    $7,278 +4.9%
    $395,620 +3.0%
  • 2018
    $6,940 +4.2%
    $384,100 +3.0%
  • 2017
    $6,658 +13.4%
    $372,920 +3.0%
  • 2016
    $5,870 +2.2%
    $362,060
  • 2015
    $5,744
    —
  • 1546 NE Cleveland Ave
    $815K
  • North Central Gresham
    $439K 0% y/y
  • 97030
    $439K +3% y/y
  • Gresham
    $499K 0% y/y
No chart available
Statistics calculated by Movoto

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3/10
Gresham High School
public Grades 9-12
Gresham-Barlow School District 10j
Source: GreatSchools.org © 2026. All rights reserved.

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