Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Quiet Area Title is generated by Realmo AI

    7137 SE 322ND Ave, Gresham, OR 97080

    View on Map
    Claim this Listing
    For Sale
    $210,000

    LAND - Gresham, OR

    Type:Single Family Residence
    Lot size:
    0.31 Acres
    Added:
    Jan 2, 2026
    Days on Market:
    156
    Last Refresh:
    Jun 7 at 6:06 am

    Property Features for 7137 SE 322ND Ave

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    MUA20
    Standard status
    Active
    APN
    R250448
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Description
    PROCTOR, BLOCK 6, N 100' OF S 200' OF LOT 12
    Tax Annual Amount
    1417

    We can help!

    Listing Contact
    Craig Fahner
    Craig Fahner

    Listing agent Craig Fahner

    Listing office John L. Scott Portland Metro 333 NE 3rd St, Gresham, OR

    Listing date Jan 2, 2026

    MLS# 236972619 Listing URL

    Copyright © 2026 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.

    HighLights

    • Approved for Alternative Septic System
    • Quiet Location
    • Nice Lot for Building
    • Overlooks Seasonal Creek
    • Opportunity to Build Dream Home
    • Buyer to do their own due diligence with Multnomah county

    Overview

    This 0.31-acre lot is located in a quiet area of Gresham, Oregon. Zoned MUA20, the property is suitable for building a home. The lot overlooks a seasonal creek that is not located on the property. An alternative septic system has been approved. Prospective buyers are advised to conduct their own due diligence with Multnomah County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Grocery & Convenience Store Electrical Service Food Market Clothing & Fashion Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Gresham
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.332104
    Latitude
    45.471191

    Nearby Similar for Sale

    • $625,000
      2,692 SF

      Gresham Duplex Investment Opportunity

      Duplex in Gresham with strong rental income.
      765 775 SE ROBERTS Ave, Gresham, OR 97080
      View Details
    • $599,000
      2,454 SF

      Duplex For Sale with Vacant Unit

      Well-maintained 2001 duplex near downtown Gresham offers two spacious 3-bedroom units and one currently vacant side.
      231 SE ELLIOTT Ave, Gresham, OR 97080
      View Details
    • $800,000
      12,600 SF

      Permit-Ready Townhome Development Site

      Permit-ready 9-unit townhome development site in Gresham, Oregon.
      70 NW BIRDSDALE Ave, Gresham, OR 97030
      View Details
    • $689,000

      Gresham Triplex with Creek View

      Well-maintained triplex in Gresham with a vacant unit.
      3110 NE 7TH Ct, Gresham, OR 97030
      View Details
    • $1,350,000
      7,245 SF

      Commercial Building on Powell Blvd

      Well-maintained commercial building with high visibility and easy highway access.
      1294 E POWELL, Gresham, OR 97030
      View Details
    • $849,000

      Gresham Commercial Land For Sale

      0.86 acre commercial land in high-growth Gresham corridor.
      4434 W POWELL BLVD, Gresham, OR 97030
      View Details
    • $995,100

      Flat Residential Development Land

      1.2-acre flat lot zoned MDR-PV for medium-density residential development, subject to buyer verification.
      SE 182ND Ave, Gresham, OR 97080
      View Details
    • $825,000

      Prime Residential Land For Development

      3.88-acre residential parcel ideal for future development.
      1721 SW BUTLER Rd, Gresham, OR 97080
      View Details
    • $950,000
      4,124 SF

      Updated Office Space For Sale

      Prime updated office space with flexible zoning and layout.
      2010 SE 182ND, Gresham, OR 97233
      View Details
    • $389,000

      Gresham Rural Residential Land Opportunity

      5.55 acres of rural residential land in Gresham, Oregon.
      17404 SE FOSTER Rd, Gresham, OR 97080
      View Details
    • $1,350,000

      Commercial Building on Powell Blvd

      Well-maintained commercial building with high visibility and easy highway access.
      1294 E Powell Blvd, Gresham, OR
      View Details
    • $1,750,000
      4,436 SF

      Turnkey Auto Dealership Opportunity

      High-traffic location with DCL zoning permitting outdoor commercial sales.
      786 NE BURNSIDE, Gresham, OR 97030
      View Details

    FAQs

    What type of property is this?
    Land - Lot for building a dream home in Gresham, Oregon.
    Where is this land located?
    The property is located at 7137 SE 322ND Ave Gresham, OR.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: Approved for Alternative Septic System; Quiet Location; Nice Lot for Building
    (503) 358-8163
    We can help!
    Listing Contact
    Craig Fahner
    Craig Fahner
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7137 SE 322ND Ave, Gresham, OR 97080
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!