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    NE 5 St Gresham, OR 97030

    For Sale
    $1,150,000

    LAND - Gresham, OR

    Lot size:
    0.68 Acres
    Days on Market:
    138
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for NE 5 St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    DRL-2
    APN
    R313994
    Lot size
    0.68 Acres

    Kohler Meyers O'Halloran, Inc. Realtors (503) 661-8000 [email protected]

    Listing agent Darren O'Halloran (503) 661-8000

    Listing date Jul 21, 2025

    MLS# 172480520 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 Development Opportunity

    These prime development parcels are located in Historic Downtown Gresham, near restaurants, shops, and local amenities. The parcels are zoned DRL-2, a mixed-use sub-district that allows single detached dwellings, duplexes, triplexes, quadplexes, townhouses, cottage clusters, multifamily dwellings, and small-scale commercial activities. All utilities are available. The property offers potential in an area suited for growth and development. The lot size is 0.68 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Catering Service Seafood Restaurant Fish Market Diner Shoe Repair Storage Facility Supermarket Chinese Restaurant Bike Shop Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gresham
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.42214
    Latitude
    45.500811

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    FAQs

    What type of property is this?
    Land - Prime development parcels in Historic Downtown Gresham.
    Where is this land located?
    The property is located at NE 5 St Gresham, OR.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Prime development parcels in vibrant Historic Downtown Gresham.; - Zoned DRL-2 allowing for diverse development options including single detached dwellings, duplexes, triplexes, quadplexes, townhouses, cottage clusters, multifamily. Small-scale commercial activities are also permitted.; - Located in an area with restaurants, shops, and local amenities.
    (503) 661-8000
    Request Owner's contact information
    NE 5 St Gresham, OR 97030
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    Gresham, OR 97030
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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
    NE 5 St Gresham, OR 97030
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