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Sold on 03/09/2025
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770 NE Paloma Ave, Gresham, OR 97030

  • $550,000

    Last sold 03/09/2025 after 4 Days

  • —

    bed

  • —

    bath

  • 1,608

    Sqft ($342/Sqft)

Multi-family not for sale
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About 770 NE Paloma Ave

Property type Multi-family
Neighborhood
Year built 1975
HOA fee $0/month
Lot size 7,840 Sqft
Parking 2 garage spaces
Rental estimate
Property description
This well-maintained side-by-side duplex sits on a spacious corner lot in a quiet and desirable area of Gresham, near Mt. Hood Community College. Both 2-bedroom, 1-bathroom units have been remodeled, offering modern updates and a comfortable living space. Each unit includes W/D hookups, an attached garage for parking and storage, as well as a fully fenced backyard for added privacy. For more details, please inquire.
Listed by
Listing Agent - Amanda Folkestad
Listing Agent Contact: 503-805-2098
Listing Office - Realty Portland
Source: RMLS mls logo
MLS#241607239 • last updated 1 year ago
Movoto checked RMLS for data 8 minutes ago
Overview
Heating Baseboard
MLS # 241607239
Type Multi Family
Status Pending
Lot Size (SqFt) 7840
Lot Size (Acres) 0.18
Property Tax 5187.51
Year Built 1975
Exterior
Roof Composition
# Garage Spaces 2
Exterior Features Lap Siding
Lot Desc CornerLot, 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 Powell Valley
Middle School Gordon Russell
High School Sam Barlow
Zoning LDR-7
Directions Kane (257th) S On Division East On 8th To Paloma
APN R266038
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 1
Unit Type 1: Rent 1700
Unit Type 2: Rent 1650
Total # of Units 2
Gross Rent Multiplier 8.43
Net Operating Income 18468
Operating Expense 44970
Gross Income 63438
Cap Rate 3.45
Lot/ Land Details
Road Surface Concrete, Paved
  • Apr 2025
    mls logo MLS # 241607239
  • Apr 25, 2025 Sold
    $550,000 (+2.8%)
  • Mar 9, 2025 Pending
    —
  • Mar 5, 2025 Listed
    $535,000 (+27.4%)
  • Aug 2021
    mls logo MLS # 21313036
  • Aug 27, 2021 Sold
    $420,000 (+5.0%)
  • Jul 27, 2021 Pending
    —
  • Jul 23, 2021 Listed
    $399,999 (-2.4%)
  • Oct 2020
    mls logo MLS # 20268944
  • Oct 14, 2020 Price Change
    $409,999 (-4.7%)
  • Aug 7, 2020 Listed
    $429,999

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Nearby homes for sale in Gresham, OR

  • Real Estate
  • OR
  • Multnomah County
  • Gresham
  • 97030
  • Powell Valley
  • 770 NE Paloma Ave
We are not permitted to show value estimates for this property.

Nearby recently sold homes in Gresham, OR

  • 770 NE Paloma Ave
    $550K
  • Powell Valley
    $499K -3% y/y
  • 97030
    $425K 0% y/y
  • Gresham
    $499K -2% y/y
No chart available
Statistics calculated by Movoto
4/10
Sam Barlow High School
public Grades 9-12
Gresham-Barlow School District 10j
Source: GreatSchools.org © 2026. All rights reserved.
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