OFF MARKET

Off Market Dec 2024 for $622K

$598,761

Est. refi paymentEst. refi $3,954/mo

•

14 ba

•

2,460

sq ft

4038 SE Powell Valley Rd, Gresham, OR 97080

About this home

A SOLID Investment property! Cap rate of 5.57% with a very low vacancy rate of 1%. This desirable property is a townhome style duplex with a great functional floorplan. A smart addition to your investment portfolio. The seller is the original owner. It has been well cared for inside and out. Each unit has 3 good size bedrooms, 2.5 baths, wall to wall carpet, newer roof 10/2018, newer LVP floors (4038)-2022 & vinyl floors in 2018 (4048) for easy care and maintenance. The open floor plan is ideal. Kitchens include a double sink, breakfast bar and all appliances for both units. The slider just of the dining area, gives easy access to a private patio & fenced backyard perfect. Six New LED front security lights provide ample light at night. The vinyl siding makes your maintenance and upkeep a breeze. On a bus line and less than a mile for shopping, dining & parks makes this a perfect location. Easy access to I84. Photos of unit 4048 were taken prior to the tenant move in and 4038 were taken in June of 2024.

Multi-familyProperty Type

2001Year Built

7,405 sq ftLot Size

$243Est. Price/Sq.Ft.

2 car garageParking

Listed by Tami Liesy • Keller Williams PDX Central

Bought with Brent Ryder • The Broker Network, LLC

Redfin checked: 2 minutes ago

•Source:RMLS #24463018

Redfin Estimate

$598,761

$24K since sold in December 2024$3,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 8.3% higher than the average sale price ($553K) of 6 comparable homes.

SOLD AUG 12, 2026
$622,500
A
4 beds3 baths2,209 sq ft
4549 SE 10th Ter, Gresham, OR 97080
SOLD DEC 5, 2025
$545,000
B
4 beds3 baths2,470 sq ft
4185 NE EL Camino Dr, Gresham, OR 97030
SOLD BY REDFIN JUL 6, 2026
$585,000
C
3 beds3 baths2,504 sq ft
286 SE Condor Dr, Gresham, OR 97080
SOLD AUG 7, 2026
$450,975
D
4 beds3 baths2,146 sq ft
3575 NE 4th St, Gresham, OR 97030
SOLD BY REDFIN JUN 4, 2026
$575,000
E
4 beds4 baths3,492 sq ft
800 SE Greenway Dr, Gresham, OR 97080
SOLD APR 16, 2026
$540,000
F
4 beds3 baths2,480 sq ft
4355 SE 10th Dr, Gresham, OR 97080

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Earn from this home

Sell

$79,307

Est. take-home

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Refinance

Est. cash available

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Market trends in 97080, OR

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.1%

+0.1% MoM

Median sale price

$525K

$20K MoM

Avg. days on market

30d

2 days MoM

Recently sold homes

173

13 MoM

New listings for sale

$117,000
3 beds2 baths1,782 sq ft
1949 SE Palmquist Rd, Gresham, OR 97080
Marjorie Baker • McKenzie-Baker Properties
3D WALKTHROUGH
$525,000
4 beds3 baths2,019 sq ft
2343 SW 1st St, Gresham, OR 97080
David Monty • Berkshire Hathaway HomeServices NW Real Estate
HOT HOME
$445,000
4 beds2 baths1,312 sq ft
2126 SW 17th St, Gresham, OR 97080
Brinda Doyle • MORE Realty
$350,000
2 beds1 bath816 sq ft
111 SE Elliott Ave, Gresham, OR 97080
Kristy Benson • Berkshire Hathaway HomeServices NW Real Estate
3D WALKTHROUGH
$564,900
4 beds3 baths2,243 sq ft
1485 SE Ironwood Ln, Gresham, OR 97080
Margarita Wolf • MORE Realty
LISTED BY REDFIN
$550,000
6 beds4 baths2,136 sq ft
240 SE Kane Dr, Gresham, OR 97080
Redfin
$925,000
4 beds3 baths3,393 sq ft
8377 SE Regner Rd, Gresham, OR 97080
Elaine Powers • John L. Scott Portland Metro
3D WALKTHROUGH
$949,000
6 beds4 baths4,405 sq ft
5435 SE Old Woods Loop, Gresham, OR 97080
Samir Azer • MORE Realty
$629,000
4 beds3 baths2,463 sq ft
4726 SE Salquist Rd, Gresham, OR 97080
Nadia Mulyar • Premiere Property Group, LLC
$575,000
4 beds3 baths2,006 sq ft
3008 SW Chastain Ave, Gresham, OR 97080
Leanne Gillies • Walczyk Associates Realty
See all

Provided by Redfin

Sale history for 4038 SE Powell Valley Rd

** Price available after signing in.

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Tax history for 4038 SE Powell Valley Rd

*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

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

7,192 Sq. Ft.

Year renovated

2001

Sq. Ft.

2,460

Year built

2001

Style

Single Family Residential

County

Multnomah County

APN

R239833

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 15, 2026.

LDR-7

Low Density Residential-7 District

The Low Density Residential-7 District is primarily intended for residential uses including single detached dwellings and manufactured homes, duplexes, triplexes, quadplexes, townhouses, and cottage clusters at a maximum net density for single detached units of 6.22 units per acre and for townhouses of 25 units per acre. For all subdivisions, and for those partitions of parent parcels greater than 20,000 sq ft, a minimum net density of 4.35 units per acre is required.

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units
Housing-Other
Infrastructure-Other

Property details

Parking

Parking Information
Parking Features: Driveway, Off Street
Parking Total: 2

Garage Information
Garage Spaces: 2

Interior

Virtual Tour Information
Virtual Tour Type: Virtual
Has Virtual Tour Unbranded: Yes

Appliances
Hot Water Description: Electricity

Interior Features
Storage: Attached, Garage(s)
Basement: Crawl Space

Exterior

Exterior Features
Roof: Composition
Exterior Description: Vinyl Siding

Lot Information
Lot Size Square Feet: 7,405
Lot Size Range: 7,000 to 9,999 SqFt
Lot Size Acres: 0.17
Lot Size: 7,000 to 9,999 SqFt
Lot Features: Level, On Busline, Trees
Parcel Number: R239833
Road Surface Type: Paved

Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Updated/Remodeled
Security Features: Security Lights
View YN: No

Building Information
Year Built: 2001
Building Area Total: 2,460
Foundation Details: Concrete Perimeter

Financial

Tax Information
Tax Year: 2024
Tax Legal Description: PARTITION PLAT 1997-171, LOT 2
Tax Annual Amount: $7,047

Lease / Rent Information
CAP Rate: 5.57
Gross Rent Multiplier: 12.75

Utilities

Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer

Heating & Cooling
Heating YN: No
Heating: Wall Heater
Cooling YN: No

Location

Multi Unit Information
# Of Units Total: 2

Unit Information
Unit Type: 1, 2

Unit Type 1 Information
Actual Rent: $2,195
Area: 1,230
Baths Total: 7
Beds Total: 3
Features: Dishwasher, Microwave, Range, Refrigerator
Units Total: 1

Unit Type 2 Information
Actual Rent: $1,995
Area: 1,230
BathsTotal: 7
Beds Total: 3
Features: Dishwasher, Microwave, Range, Refrigerator
Units Total: 1

School Information
Elementary School: Kelly Creek
Middle Or Junior School: Gordon Russell
High School: Sam Barlow

Location Information
Directions: NE Kane Dr/SW 257th turn East of SE Powell Valley Rd property will be on your right
Unparsed Address: 4038 SE POWELL VALLEY RD, Gresham, OR 97080

Community Information
Zoning: LDR-7

Public facts

Beds: 6
Baths: 5.0
Sq. Ft.: 2,460
Stories: 2.0
Lot Size: 7,192 square feet
Style: Single Family Residential
Year Built: 2001
Year Renovated: 2001
County: Multnomah County
APN: R239833

Home facts updated by county records on Jul 15, 2026

Other

Listing Information
MlsStatus: Sold

Listing Price Information
Price Type: List Price

Around this home

Schools

Kelly Creek Elementary School

Public K-5 • Assigned • 0.7mi

4/10

Gordon Russell Middle School

Public 6-8 • Assigned • 0.3mi

2/10

Sam Barlow High School

Public 9-12 • Assigned • 1.8mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

If you are looking for extra square footage, bigger yards, and fast access to the Columbia River Gorge without inner-Portland price tags, Gresham is one of the smartest buys in the metro area. With median single-family prices holding in the...
1 month ago • Gresham
Liz Ellis
Redfin agent
165 deals
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 91° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

9/10 Air Factor

14 unhealthy days expected this year, 16 days in 30 years

Provided by First Street

Historical weather

Gresham, OR • 97080

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.9 hours in June and 2 hours in December, placing it below the U.S. average for solar exposure.

9.9 hrs

2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$569,000 – $689,000

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Nadia Mulyar • Premiere Property Group, LLC

Home values near 4038 SE Powell Valley Rd

Data from public records.

Address	Redfin Estimate
4031 Southeast Powell Valley Rd, Gresham, OR 3 Beds \| 1 Baths \| 1300 Sq. Ft.	$382,224
868 Southeast Wendy Ln, Gresham, OR 3 Beds \| 4 Baths \| 2694 Sq. Ft.	$558,359

Address	Redfin Estimate
4055 Southeast Powell Valley Rd, Gresham, OR 2 Beds \| 1 Baths \| 844 Sq. Ft.	$425,893
824 Southeast Paloma Ave, Gresham, OR 3 Beds \| 2 Baths \| 1896 Sq. Ft.	$479,450

Address	Redfin Estimate
868 Southeast Paloma Ave, Gresham, OR 5 Beds \| 3 Baths \| 2292 Sq. Ft.	$375,175
865 Southeast Paloma Ave, Gresham, OR 3 Beds \| 2 Baths \| 1794 Sq. Ft.	$428,526

Property information provided by RMLS when last listed in 2024. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 97080, OR

Sale history for 4038 SE Powell Valley Rd

Tax history for 4038 SE Powell Valley Rd

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 97080

Home values near 4038 SE Powell Valley Rd

More real estate resources