This tranquil property on the banks of Johnson Creek along with pasture this almost 7 acres of land is an ideal spot located just outside Gresham. The home has recently been remodeled with vinyl windows, hardwood & tile floors, newer kitchen & bath cabinets, quartz countertops. Lower level has a kitchenette, living area, bedroom, full bath, exterior entry. The 50' x 36' shop has water and electricity. Gresham in anticipation of annexing the property has placed a pre zone on the property of industrial. All current use will be grandfathered in if the property is ever annexed. Buyer to do their own due diligence in regards to future annexation to the City of Gresham.
Single-familyProperty Type
1939Year Built
6.71 acresLot Size
$293Est. Price/Sq.Ft.
2 car garageParking
Listed by Jim Loennig• Keller Williams PDX Central
This is a unique opportunity the property has 3,232 sq ft home and 2,800 sq ft shop that are leased, and gross Income is $70,000 per year, majority of the property is in grass, Buy as investment based on existing income and get land for free. Property is classified by City of Gresham with Industrial Zoning if annexed into the City. House has been recently updated. House lease expires Jan 31, 2024. Shop is month to month.
RMLS #23559316
Sep 19, 2023
Sold
$865,000
$268/sq ft
Jul 15, 2023
Pending
—
Jul 8, 2023
Price Changed
$949,900
$294/sq ft
May 16, 2023
Listed
$999,999
$309/sq ft
+1
This is a unique investment opportunity the property has 3,232 sq ft home and 2,800 sq ft shop that are leased, and gross Income is $70,000 per year, majority of the property is in grass, purchase as investment and get use of land for free. Property is classified by City of Gresham with Industrial Zoning if annexed into the City. House has been recently updated. House lease expires Jan 31, 2024. Shop is on a month to month agreement.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
6
Baths
3.5
Stories
1
Lot width
—
Lot depth
—
Lot size
6.71 Acres
Year renovated
1939
Sq. Ft.
2,516
Year built
1939
Style
Single Family Residential
County
Multnomah County
APN
R341016
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
MUA20
Multiple Use Agriculture District
The purposes of the Multiple Use Agriculture base zone are to conserve those agricultural lands not suited to full-time commercial farming for diversified or part-time agriculture uses; to encourage the use of non-agricultural lands for other purposes, such as forestry, outdoor recreation, open space, low density residential development and appropriate Conditional Uses, when these uses are shown to be compatible with the agricultural uses, natural resource base, the character of the area and the applicable County policies.
Permitted uses
Include but are not limited to:
Agriculture
Livestock production
Housing-Single unit
Jun 20, 2005 • Active
On-site sewage evaluations & services
Demolition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.