Movoto Real Estate
Sold on 09/17/2024
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800 NE 4th St, Gresham, OR 97030

  • $2,177,901

    Last sold 09/17/2024 after 6 Days

  • bed

  • bath

  • 10,160

    Sqft ($214/Sqft)

Multi-family not for sale
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About 800 NE 4th St

Property type Multi-family
Neighborhood
Year built 1969
HOA fee $0/month
Lot size 0.64 Acre
Rental estimate
Property description
Welcome to the Cleveland Colonial Apartments. This is a 10-unit community conveniently located just a 1/2 mile from historic downtown Gresham. The building has a great unit mix of eight 3 bedroom/1 bath, 1000+ square foot units and two 2 bedroom/1 bath, 800+ square foot units. All units have been upgraded to include but are not limited to engineered hardwood floors, newer windows, kitchens with newer appliances and countertops, newer fixtures, and in-unit washers and dryers. All units uniquely have their own private backyards, and parking right in front of the units as well as plenty of additional off-street parking. The units have quite a few longer term tenants as a result of their amenities, the size of the units, and the location. This location is a walker’s paradise and many daily errands do not require a car. The property has a 91 walk score. This building is roughly a 7-minute walk from the Blue MAX Line. All units are currently occupied with a mix of both long term and newer tenants. The basement could be rented out as additional storage for increased income. Offers are to be written contingent on interior inspections.
Listed by
Listing Agent - Jeff Capen
Listing Agent Contact: 503-888-5191
Listing Office - Windermere Realty Trust
Source: RMLS mls logo
MLS#24090840 • last updated 1 year ago
Movoto checked RMLS for data 8 minutes ago
Overview
Heating Baseboard
MLS # 24090840
Type Multi Family
Status Sold
Lot Size (SqFt) 27878
Lot Size (Acres) 0.64
Property Tax 14845.64
Year Built 1969
Exterior
Roof Composition
# Parking Spaces 10
Exterior Features Brick
Lot Desc Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Multnomah
Subdivision DOWNTOWN GRESHAM
Area 144 - Gresham, Sandy, Troutdale, Corbett
Elementary School East Gresham
Middle School Dexter McCarty
High School Gresham
Zoning DRL-2
Directions Turn Left Onto SE Division, Right Onto NE Cleveland, Right Onto NE 4th
APN R339263
Multifamily Details
Unit Type 3: Total Baths 1
Unit Type 1: # Bedrooms 3
Unit Type 6: # Bedrooms 3
Unit Type 1 : Total Baths 1
Unit Type 9: Total Baths 1
Unit Type 5: # Bedrooms 3
Unit Type 2: # Bedrooms 3
Unit Type 3: # Bedrooms 3
Unit Type 6: Total Baths 1
Unit Type 9: # Bedrooms 2
Unit Type 4: Total Baths 1
Unit Type 7: Total Baths 1
Unit Type 8: # Bedrooms 3
Unit Type 7: # Bedrooms 3
Unit Type 10: # Bedrooms 2
Unit Type 2: Total Baths 1
Unit Type 4: # Bedrooms 3
Unit Type 8: Total Baths 1
Unit Type 5: Total Baths 1
Unit Type 6: Rent 1695
Unit Type 1: Rent 1831
Unit Type 7: Rent 1895
Unit Type 9: Rent 1516
Unit Type 4: Rent 1807
Unit Type 3: Rent 1663
Unit Type 2: Rent 1745
Unit Type 10: Rent 1595
Unit Type 5: Rent 1882
Unit Type 8: Rent 1844
Total # of Units 10
Gross Rent Multiplier 10.47
Operating Expense Scheduled 39583
Net Operating Income 170610
Operating Expense 39583
Gross Scheduled Income 220191
Gross Income 210193
Cap Rate 7.76
Net Scheduled Income 180608
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Sep 2024
    mls logo MLS # 24090840
  • Sep 19, 2024 Pending
  • Sep 11, 2024 Listed
    $2,199,900
  • 800 NE 4th St
    $2.17M
  • Downtown Gresham
    $329K -16% y/y
  • 97030
    $425K 0% y/y
  • Gresham
    $502K -2% y/y
No chart available
Statistics calculated by Movoto

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3/10
Source: GreatSchools.org © 2026. All rights reserved.

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