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    450 SE Hogan Rd Gresham, OR 97080

    For Sale
    $399,999

    LAND - Gresham, OR

    Lot size:
    0.46 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 450 SE Hogan Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MDR-24
    APN
    R339443
    Lot size
    0.46 Acres

    John L Scott Sandy (503) 780-4336 [email protected]

    Listing agent Brett Bodine (503) 826-9000

    Listing date Oct 29, 2025

    MLS# 391834664 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gresham Land Near Downtown

    This nearly 0.46-acre lot is located near downtown Gresham, providing convenient access to transit and local amenities. Highway 26 is nearby, offering quick access to the mountains, while I-84 is a short 10-minute drive away, facilitating travel to downtown Portland and the Columbia River Gorge. The property is zoned MDR-24, and the City of Gresham indicates that 8-10 units could be developed on this site, presenting an opportunity for a Middle Housing project. The flat parcel has utilities in place, which may streamline the construction process. An existing brick residence on the property could be renovated with a rehab loan and transformed into a primary residence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Travel Agency Cosmetics Store Storage Facility Dry Cleaner Catering Service Supermarket Seafood Restaurant Butcher Men's Store Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gresham
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.413616
    Latitude
    45.494185

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    FAQs

    What type of property is this?
    Residential land & home lot - Nearly half-acre lot near downtown Gresham with development potential.
    Where is this residential land & home lot located?
    The property is located at 450 SE Hogan Rd Gresham, OR.
    What is the asking price?
    The asking price for this property is $399,999.
    What are key features of this property?
    This property features: - Development potential: Zoned MDR-24, allowing for 8-10 units.; - Large lot size: Nearly 1/2 acre, providing ample space for development.; - Prime location: Near downtown Gresham with easy access to transit and local amenities.
    (503) 826-9000
    Request Owner's contact information
    450 SE Hogan Rd Gresham, OR 97080
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    Gresham, OR 97080
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    450 SE Hogan Rd Gresham, OR 97080
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