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Sold on 06/21/2026
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231 SElliott Ave, Gresham, OR 97080

  • $530,000

    Last sold 06/21/2026 after 16 Days

  • —

    bed

  • —

    bath

  • 2,454

    Sqft ($216/Sqft)

Multi-family not for sale
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About 231 SElliott Ave

Property type Multi-family
Neighborhood
Year built 2001
HOA fee $0/month
Lot size 6,969 Sqft
Parking 2 garage spaces
Rental estimate
Property description
Offer received. Offer deadline Saturday at 5pm. One side is vacant ready for owner occupied to house hack, or make this dialed in duplex part of your investment portfolio. Near the heart of downtown Gresham, this well maintained duplex built in 2001 has a spacious 3 bedroom / two and a half bath layout on each side. Vacant unit has had extensive work done to include interior paint, new water heater, deep clean and carpet cleaning, new blinds. Both units have a brand new deck to complement the spacious fenced yards. Current tenant on 231 has been long standing and a great tenant according to landlord. Rents on units have nearby comps for over $2,000 for each side making this well maintained multi-family home a true long term cash cow. Current tenant is month to month. Please call your agent to see inside the vacant unit of 239. Do not disturb tenant of 231 please.
Listed by
Listing Agent - Tim Jackson
Listing Office - Premiere Property Group, LLC
Source: RMLS mls logo
MLS#267644677 • last updated 3 weeks ago
Movoto checked RMLS for data 9 minutes ago
Overview
Heating Forced Air
MLS # 267644677
Type Multi Family
Virtual Tour N/A
Status Sold
Lot Size (SqFt) 6969
Lot Size (Acres) 0.16
Property Tax 6727.17
Year Built 2001
Exterior
Roof Composition
# Parking Spaces 2
# Garage Spaces 2
Exterior Features Metal Siding
Lot Desc Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Multnomah
Area 144 - Gresham, Sandy, Troutdale, Corbett
Elementary School East Gresham
Middle School Dexter McCarty
High School Gresham
Zoning LDR
Directions SE Hogan Rd, E On SE Powell Blvd. Turn Right On SE Elliott Ave. Property Is On The Right.
APN R491403
Multifamily Details
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 3
Unit Type 2: # Bedrooms 3
Unit Type 2: Total Baths 3
Unit Type 1: Rent 1275
Total # of Units 2
Gross Rent Multiplier 18.52
Operating Expense Scheduled 19200
Net Operating Income 9575
Operating Expense 20125
Gross Scheduled Income 48000
Gross Income 29700
Cap Rate 1.74
Net Scheduled Income 28800
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Jun 2026
    mls logo MLS # 267644677
  • Jun 26, 2026 Sold
    $530,000 (-3.6%)
  • Jun 22, 2026 Pending
    —
  • Jun 18, 2026 Price Change
    $550,000 (-8.2%)
  • Jun 5, 2026 Listed
    $599,000 (+134.0%)
  • Nov 2004
    Public Records
  • Nov 30, 2004 Sold
    $256,000
  • 231 SElliott Ave
    $530K
  • Historic Southeast Gresham
    $439K -12% y/y
  • 97080
    $533K -1% y/y
  • Gresham
    $500K -2% 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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