Movoto Real Estate
Sold on 11/02/2023
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393 NE Kelly Ave, Gresham, OR 97030

  • $430,000

    Last sold 11/02/2023 after 34 Days

  • bed

  • bath

Multi-family not for sale
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About 393 NE Kelly Ave

Property type Multi-family
Neighborhood
Year built 1998
HOA fee $0/month
Rental estimate
Property description
This mixed-use Duplex condo unit at 393 NE Kelly Ave in Gresham, OR, presents a versatile opportunity for savvy investors or those seeking a live/work arrangement. With commercial space on the lower level and residential space above, this property offers flexibility and potential. Upstairs, you'll find a well-maintained and inviting living space. It boasts updated flooring and fresh paint, creating a light and bright ambiance. The living area includes a kitchen with an eating bar, a spacious living room with a cozy gas fireplace, and bay windows that offer picturesque views of the surrounding trees. The bedroom features a balcony, providing a serene outdoor escape. A bathroom completes the upper-level living quarters, making it a comfortable and functional space. What sets this property apart is the separate entrance for the residential space, ensuring privacy and convenience. On the lower level, you'll discover two roomy office spaces, each with its own entrance. These versatile rooms could serve various purposes, such as a hair salon, nail studio, or a small exercise studio. The HOA takes care of exterior maintenance and landscaping, reducing your responsibilities as an owner. Ample street parking is available, and the property's proximity to the bus line and just blocks from the Max line make transportation a breeze. Walking distance to downtown Gresham core with restaurants, coffee shops, and local shops. Additionally, the seller is willing to offer terms for a seller carry contract, providing a unique financing option for potential buyers. Whether you're looking to invest in a property with dual income potential or create a live/work environment that suits your needs, this condo unit offers an exceptional opportunity. Don't miss out on this chance to own a versatile piece of real estate in Gresham, Oregon.
Listed by
Listing Agent - Nicole Richards
Listing Agent Contact: Nicole@nextphaseinvesting.com
Listing Office - eXp Realty, LLC
Source: RMLS mls logo
MLS#23470801 • last updated 2 years ago
Movoto checked RMLS for data 6 minutes ago
Overview
Cooling/AC Central Air
Heating Forced Air
MLS # 23470801
Type Multi Family
Status Sold
Property Tax 4465.6
Year Built 1998
Exterior
Roof Composition
# Parking Spaces 1
Exterior Features Lap Siding
Lot Desc Corner Lot, Level, On Busline
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 MU
Directions 4th And Kelly Avenue
APN R195436
Multifamily Details
Gross Rent Multiplier 10.05
Net Operating Income 32190
Operating Expense 11610
Gross Income 43800
Cap Rate 7.32
We are not permitted to show value estimates for this property.
  • Nov 2023
    mls logo MLS # 23470801
  • Nov 9, 2023 Sold
    $430,000 (-2.3%)
  • Nov 2, 2023 Pending
  • Sep 29, 2023 Listed
    $440,000
  • Nov 2023
    mls logo MLS # 23108776
  • Nov 2, 2023 Pending
  • Sep 29, 2023 Listed
    $440,000 (+8.6%)
  • Aug 2023
    mls logo MLS # 23105504
  • Aug 16, 2023 Listed
  • Aug 1, 2023 Pending
  • Jul 22, 2023 Price Change
    $405,000 (-1.9%)
  • Jul 14, 2023 Price Change
    $413,000 (-0.5%)
  • Jul 6, 2023 Price Change
    $415,000 (-0.5%)
  • Jun 28, 2023 Price Change
    $417,000 (-0.5%)
  • Jun 21, 2023 Price Change
    $419,000 (-1.4%)
  • Jun 1, 2023 Price Change
    $425,000 (-5.6%)
  • May 9, 2023 Listed
    $450,000 (+0.2%)
  • Mar 2022
    mls logo MLS # 22097860
  • Mar 30, 2022 Sold
    $449,000
  • Mar 18, 2022 Pending
  • Feb 19, 2022 Listed
    $449,000
  • Mar 2022
    mls logo MLS # 22353323
  • Mar 18, 2022 Pending
  • Feb 19, 2022 Listed
    $449,000
  • 393 NE Kelly Ave
    $430K
  • Downtown Gresham
    $317K -19% y/y
  • 97030
    $420K -5% y/y
  • Gresham
    $506K -1% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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  • 393 NE Kelly Ave
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