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Sold on 07/20/2025
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607 NE 3rd St, Gresham, OR 97030

  • $656,886

    Last sold 07/20/2025 after 38 Days

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    bed

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    bath

Multi-family not for sale
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About 607 NE 3rd St

Property type Multi-family
Neighborhood
Year built 1979
HOA fee $0/month
Lot size 10,018 Sqft
Movoto estimate
Rental estimate
Property description
Amazing Triplex Opportunity – Ideal for Owner-Occupant or Investor! Don’t miss this rare chance to own a well-maintained triplex offering investment potential or a comfortable personal living space! Each unit is identical, featuring two bedrooms and one bathroom. Fall in love with the thoughtful floorplan featuring spacious living and dining rooms, updated kitchens and a cozy fireplace to relax next to after a long day. The two lower units each have a private fenced yard and the upper unit has a private deck. Each unit also has a dedicated storage shed for personal belongings. Ideally located near Oldtown Gresham, Gresham Station Shopping, parks, walking distance to the MAX blue line, and popular restaurants this is one you won’t want to miss! Schedule a showing today!
Listed by
Listing Agent - Tamiko Warren
Listing Agent Contact: Tamiko@tkrealestategroup.com
Listing Office - Real Broker
Source: RMLS mls logo
MLS#497288799 • last updated 9 months ago
Movoto checked RMLS for data 4 minutes ago
Overview
Cooling/AC None
Heating Wall Heater
MLS # 497288799
Type Multi Family
Status Sold
Lot Size (SqFt) 10018
Lot Size (Acres) 0.23
Property Tax 7307.27
Year Built 1979
Exterior
Roof Composition
# Parking Spaces 6
Exterior Features Wood 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 E Powell Blvd To NE Elliot Ave; Right On NE 3rd
APN R314043
Multifamily Details
Unit Type 1: # Bedrooms 6
Unit Type 1 : Total Baths 3
Unit Type 1: Rent 2650
Total # of Units 3
Gross Rent Multiplier 14.94
Net Operating Income 28877
Operating Expense 14633
Gross Income 43510
Cap Rate 4.44
Lot/ Land Details
Road Surface Paved
$717K
Range: $638K-$795K
Last 30 days 
Rental est.: $997/month
Gross rent multiplier: 54.4
  • Sep 2025
    mls logo MLS # 497288799
  • Sep 5, 2025 Sold
    $656,886 (+1.1%)
  • Jul 20, 2025 Pending
    —
  • Jun 12, 2025 Listed
    $650,000
  • Jul 2025
    mls logo MLS # 340186719
  • Jul 20, 2025 Pending
    —
  • Jun 12, 2025 Listed
    $650,000
  • 607 NE 3rd St
    $656K
  • Downtown Gresham
    $317K -19% y/y
  • 97030
    $419K -5% y/y
  • Gresham
    $502K -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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