21 NE 5th St

Gresham, OR 97030

$395,000
Price
—
Beds
—
Baths
1,634 Sq. Ft.
$242 / Sq. Ft.
1,634
Sq. Ft.
$242
per Sq. Ft.

Description

Income-producing duplex in thriving downtown Gresham--fantastic location just off Main Street's shops & restaurants. Centrally situated with access to services and transportation makes this easy to rent. Well-maintained property with newer paint, floors and appliances. Property is professionally managed--possible owner-occupied with rental unit. DCC zoning offers commercial possibilities. Keep as existing residental rental or collect income while planning new developments. Low taxes.Income-producing duplex in thriving downtown Gresham--fantastic location just off Main Street's shops & restaurants. Centrally situated with access to services and transportation makes this easy to rent. Well-maintained property with newer paint, floors and appliances. Property is professionally managed--possible owner-occupied with rental unit. DCC zoning offers commercial possibilities. Keep as existing residental rental or collect income while planning new developments. Low taxes.
  1. Listed by Timothy Manickam • Fathom Realty Oregon, LLC • 503-348-6045

Property Details for 21 Northeast 5th Street

Parking Features
On Street
Zoning
DCC
Parking Total
.00
LISTING UPDATED: 12/13/2025 12:22 AM

Property Details for 21 Northeast 5th Street

StatusActive
MLS #387672615
Days on Market285
Taxes$3,852 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1944
Lot Size-
CountyMultnomah County

Location

Listing Courtesy of Fathom Realty Oregon, LLC
Add your commute

Building Information for 21 Northeast 5th Street

Stories2Residences2Year Built1944Building Size-Lot Size-

Payment Calculator

$2,273 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,952

Property Taxes

$321

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 21 Northeast 5th Street

Summary
Location and General Information
  • Country: US
  • Directions: Between Main and Roberts on NE 5th
  • Road Surface: Paved
School Information
  • Elementary School: East Gresham
  • High School: Gresham
  • Middle Or Junior School: Dexter Mc Carty
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $3,851.66
  • Parcel Number: R221467
  • Tax Legal Description: MT HOOD ADD, BLOCK 5, LOT 6, LOT 7 EXC E 100'
Property
Lot Information
  • Lot Description: Level, Public Road, Trees
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1944
Utilities
  • Fuel Description: Electricity, Gas
  • Heating Description: Forced Air, Wall Furnace
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding, Shake Siding
  • Roof Type: Composition, Membrane
Interior Features
  • Basement: Crawl Space, None
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $28,396.00
  • Gross Income Projected: $31,200.00
  • Gross Rent Multiplier: $13.91
  • Investor Information: According To Owner, Annual Property Operation Data, Profit Loss Statement
  • Net Income Actual: $1,794.00
  • Net Income Projected: 17284
  • Operating Expenses Projected: $13,916.00
  • Operating Expense: $26,602.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 1634
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator
  • Unit Type 1 Rent: $1,540
  • Unit Type 1 SqFt: 1000.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Range, Refrigerator, Window Coverings
  • Unit Type 2 Rent: $0
  • Unit Type 2 SqFt: 550.0
  • Unit Type 2 Units Total: 1

Schools near 21 Northeast 5th Street

This home is within Gresham-Barlow School District 10j.
Rating
School
Type
Grades
Distance
Highland Elementary School
Public - K to 5
Clear Creek Middle School
Public - 6 to 8
Gresham High School
Public - 9 to 12
Metro East Web Academy
Charter - K to 12
Rating
School
Distance
Highland Elementary School
PublicK to 5

Clear Creek Middle School
Public6 to 8

Gresham High School
Public9 to 12

Metro East Web Academy
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 21 Northeast 5th Street, Gresham, OR 97030

21 Northeast 5th Street is a multi-family home for sale in Gresham, OR 97030. This property was listed for sale on March 3, 2025 by Fathom Realty Oregon, LLC, it's currently listed at $395,000. This listing's school district is Gresham-Barlow School District 10j. Nearby schools include Highland Elementary School, Clear Creek Middle School and Gresham High School. 21 Northeast 5th Street is a 0-bed, 0-bath, 1,634 sqft multi-family home built in 1944.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fathom Realty Oregon, LLC

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Last updated: 12/13/2025 12:22 AM