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Sold on 10/24/2022
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2490 SE 7th St, Gresham, OR 97080

$605,100

Last sold 10/24/2022 for $525K

  • —

    bed

  • —

    bath

  • 1,820

    Sqft ($288/Sqft)

Multi-family not for sale
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About 2490 SE 7th St

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
Great Duplex for an investor or owner occupant! Occupied unit is 3 bdrm 2 bath. Vacant/move in ready unit is 2 bdrm 1 bath. Fabulous large/fenced back yards. Fresh ext. remodel with new siding, paint, and gutters. Subject to Sellers 1031 exch. at no impact to Buyer. Please use Showingtime. 24hr notice to show occ unit or make offer subject to interior inspec. Show vacant unit at will. Investors: Duplex next door may be avail as well. Seller offers 10k to buyers ccs/interest buydown/prepaids.
Listed by
Listing Agent - Debra Mills
Listing Office - Oregon First
Source: RMLS mls logo
MLS#22542046 • last updated 3 years ago
Movoto checked RMLS for data 4 minutes ago
Overview
Cooling/AC None
Heating Forced Air
MLS # 22542046
Type Multi Family
Status Sold
Property Tax 4145.28
Year Built 1978
Exterior
Roof Composition
Exterior Features Cement Siding, Lap Siding
Lot Desc Gentle Sloping, Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Multnomah
Subdivision Fleming Terrace
Area 144 - Gresham, Sandy, Troutdale, Corbett
Elementary School Hogan Cedars
Middle School Dexter McCarty
High School Gresham
Zoning MDR-12
Directions Powell To Rene To 7th St.
APN R164235
Multifamily Details
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 1
Unit Type 1: Rent 1320
Total # of Units 2
Gross Rent Multiplier 33.14
Gross Scheduled Income 21120
Gross Income 15840
Lot/ Land Details
Road Surface Paved
$605K
Range: $515K-$694K
Last 30 days 
Rental est.: $1,264/month
Gross rent multiplier: 34.6
  • May 2025
    mls logo MLS # 518038502
  • May 6, 2025 Price Change
    $645,000 (-7.7%)
  • Apr 23, 2025 Listed
    $699,000 (+33.1%)
  • Nov 2022
    mls logo MLS # 22542046
  • Nov 19, 2022 Sold
    $525,000
  • Oct 25, 2022 Pending
    —
  • Oct 4, 2022 Listed
    $524,900 (+191.6%)
  • Nov 2022
    Public Records
  • Nov 18, 2022 Sold
    $525,000
  • Feb 2004
    Public Records
  • Feb 4, 2004 Sold
    $180,000
  • Year Property taxes Tax assessment
  • 2024
    $4,802 +9.8%
    $239,320 +3.0%
  • 2023
    $4,375 +2.9%
    $232,350 +3.0%
  • 2022
    $4,252 +2.6%
    $225,590 +3.0%
  • 2021
    $4,145 +6.3%
    $219,020 +3.0%
  • 2020
    $3,900 +2.7%
    $212,650 +3.0%
  • 2019
    $3,798 +4.9%
    $206,460 +3.0%
  • 2018
    $3,622 +4.2%
    $200,450 +3.0%
  • 2017
    $3,475 +13.4%
    $194,620 +3.0%
  • 2016
    $3,064 +2.2%
    $188,960
  • 2015
    $2,998
    —
  • 2490 SE 7th St
    $525K
  • Hogan Cedars
    $449K +9% y/y
  • 97080
    $499K -4% y/y
  • Gresham
    $479K -3% 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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