OFF MARKET

Off market dec 2024 for $622K

$604,131

Est. refi paymentEst. refi $4,037/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

$246Est. 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

$604,131

$19K since sold in December 2024$10K since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 4.2% higher than the average sale price ($580K) of 6 comparable homes.

SOLD AUG 31, 2026
$665,000
A
4 beds4 baths2,826 sq ft
1444 SE Larch Way, 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 AUG 12, 2026
$622,500
C
4 beds3 baths2,209 sq ft
4549 SE 10th Ter, Gresham, OR 97080
BOUGHT WITH REDFIN SEP 18, 2026
$575,000
D
3 beds3 baths2,312 sq ft
1067 SE Dogwood Ln, Gresham, OR 97080
SOLD SEP 10, 2026
$550,000
E
4 beds3 baths1,978 sq ft
228 SE Condor Dr, Gresham, OR 97080
SOLD OCT 15, 2026
$520,000
F
3 beds2 baths1,946 sq ft
1251 SE Glacier Ln, Gresham, OR 97080

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

$85,369

Est. take-home

List your home with Redfin and save $6,041

Refinance

Est. cash available

Get cash now or lower your monthly rate

Market trends in 97080, OR

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.6%

0.0% MoM

Median sale price

$525K

$5K MoM

Avg. days on market

29d

2 days MoM

Recently sold homes

171

9 MoM

New listings for sale

OPEN TODAY, 1PM TO 3PM
$675,000
3 beds3 baths2,559 sq ft
716 SE 38th Dr, Gresham, OR 97080
LuzMaria Simmons • Real Broker
OPEN TODAY, 11AM TO 1PM
$875,000
5 beds5 baths3,611 sq ft
302 SW Gabbert Rd, Gresham, OR 97080
Alexander Roy • Premiere Property Group, LLC
OPEN TODAY, 12PM TO 2PM
$710,000
2 beds3 baths2,805 sq ft
626 SE 38th Dr, Gresham, OR 97080
Marguerite Truttman • Premiere Property Group, LLC
$499,000
4 beds3 baths2,327 sq ft
1695 SE Paloma Ct, Gresham, OR 97080
Jessica Addleman • The Broker Network, LLC
$139,900
1 bed1 bath607 sq ft
200 SW Florence Ave Unit D14, Gresham, OR 97080
Rachel Smith • Dream Dwelling
OPEN TODAY, 12PM TO 2PM
$645,000
4 beds3 baths2,280 sq ft
296 SW 36th St, Gresham, OR 97080
Julie Yunger • eXp Realty, LLC
3D WALKTHROUGH
$1,000,000
4 beds5 baths2,496 sq ft
2559 SE Barnes Rd, Gresham, OR 97080
Kristina Horning • Premiere Property Group, LLC
$450,000
3 beds3 baths1,848 sq ft
2805 SW Brixton Ave, Gresham, OR 97080
Debra Thomas • RE/MAX Advantage Group
OPEN TODAY, 12PM TO 3PM
$1,349,850
4 beds5 baths4,368 sq ft
750 SE Arrow Creek Ln, Gresham, OR 97080
Cary Knight • John L. Scott Portland Metro
See all

Provided by Redfin

Sale history for 4038 SE Powell Valley Rd

Join or sign in to view all info

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 Oct 30, 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 Oct 30, 2026

Other

Listing Information
MlsStatus: Sold

Listing Price Information
Price Type: List Price

Around this home

Schools

K - 12
Preschool & daycare

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

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

$574,000 – $695,000

Reach more buyers when you sell with Redfin. Save up to $6,041 in fees. 3 minutes to get started.

Get a free, detailed breakdown of how we calculated your estimate.

Nearby similar homes

3D WALKTHROUGH

$369,500

3 beds3 baths1,521 sq ft

1660 N 18th St #4, Washougal, WA 98671

New interior paint • New lpv flooring • New bathroom sinks

Robie Garcia • Arrow Realty LLC

NEW CONSTRUCTION

$389,995

3 beds3 baths1,573 sq ft

3509 SW Hartley Ave, Gresham, OR 97080

Walk-in closet • En suite bathroom • Walk-in shower

Heather Quirke • D. R. Horton, Inc Portland

NEW CONSTRUCTION

$379,900

2 beds2 baths1,040 sq ft

5096 Boise St, Portland, OR 97206

Open great room • Stylish kitchen • Quartz counters

Greg Fox • Happy Homes Properties, Inc.

NEW CONSTRUCTION

$414,995

3 beds3 baths1,573 sq ft

3512 SW Royal Ave, Gresham, OR 97080

Walk-in closet • En suite bathroom • Walk-in shower

Heather Quirke • D. R. Horton, Inc Portland

$350,000

2 beds1 bath1,030 sq ft

3944 SE Monroe St Unit A, Milwaukie, OR 97222

Separate garage • Dishwasher • Washer dryer

Kelly Fitzmaurice • Harnish Company Realtors

NEW CONSTRUCTION3D & VIDEO TOUR

$407,995

3 beds3 baths1,462 sq ft

3490 SW Royal Ave, Gresham, OR 97080

New construction • Great room • Fireplace

Heather Quirke • D. R. Horton, Inc Portland

New listings for sale in 97080

OPEN TODAY, 1PM TO 3PM

$675,000

3 beds3 baths2,559 sq ft

716 SE 38th Dr, Gresham, OR 97080

Panoramic views • Private deck access • Flex room

LuzMaria Simmons • Real Broker

OPEN TODAY, 11AM TO 1PMVIDEO TOUR

$875,000

5 beds5 baths3,611 sq ft

302 SW Gabbert Rd, Gresham, OR 97080

Custom built-ins • Updated kitchen • Gas fireplace

Alexander Roy • Premiere Property Group, LLC

OPEN TODAY, 12PM TO 2PM

$710,000

2 beds3 baths2,805 sq ft

626 SE 38th Dr, Gresham, OR 97080

Persimmon golf club • Vaulted ceilings • Skylights

Marguerite Truttman • Premiere Property Group, LLC

$499,000

4 beds3 baths2,327 sq ft

1695 SE Paloma Ct, Gresham, OR 97080

One level living • Primary suite • Large deck

Jessica Addleman • The Broker Network, LLC

$139,900

1 bed1 bath607 sq ft

200 SW Florence Ave Unit D14, Gresham, OR 97080

Private patio • Indoor pool • Gym

Rachel Smith • Dream Dwelling

OPEN TODAY, 12PM TO 2PM3D WALKTHROUGH

$645,000

4 beds3 baths2,280 sq ft

296 SW 36th St, Gresham, OR 97080

Three car garage • Rv parking • Granite counters

Julie Yunger • eXp Realty, LLC

3D WALKTHROUGH

$1,000,000

4 beds5 baths2,496 sq ft

2559 SE Barnes Rd, Gresham, OR 97080

Gourmet kitchen • Walk-in closet • Heated floors

Kristina Horning • Premiere Property Group, LLC

$450,000

3 beds3 baths1,848 sq ft

2805 SW Brixton Ave, Gresham, OR 97080

Corner lot • Fenced backyard • Rv parking

Debra Thomas • RE/MAX Advantage Group

OPEN TODAY, 12PM TO 3PM

$1,349,850

4 beds5 baths4,368 sq ft

750 SE Arrow Creek Ln, Gresham, OR 97080

Protected woodlands • Shared sports courts • Custom wet bar

Cary Knight • John L. Scott Portland Metro

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.	$387,861
868 Southeast Wendy Ln, Gresham, OR 3 Beds \| 4 Baths \| 2694 Sq. Ft.	$556,287
4080 Southeast 10th Dr, Gresham, OR 4 Beds \| 3 Baths \| 2173 Sq. Ft.	$604,573
4170 Southeast 10th Dr, Gresham, OR 3 Beds \| 2 Baths \| 1354 Sq. Ft.	$441,830
975 Southeast Wendy Ave, Gresham, OR 3 Beds \| 2 Baths \| 1757 Sq. Ft.	$487,977
1032 Southeast Wendy Ave, Gresham, OR 3 Beds \| 2 Baths \| 1432 Sq. Ft.	$485,925
4055 Southeast 10th Dr, Gresham, OR 3 Beds \| 3 Baths \| 1602 Sq. Ft.	$475,454

Address	Redfin Estimate
4055 Southeast Powell Valley Rd, Gresham, OR 2 Beds \| 1 Baths \| 844 Sq. Ft.	$420,057
824 Southeast Paloma Ave, Gresham, OR 3 Beds \| 2 Baths \| 1896 Sq. Ft.	$486,270
4085 Southeast 10th Dr, Gresham, OR 3 Beds \| 2 Baths \| 1323 Sq. Ft.	$441,816
4130 Southeast 10th Dr, Gresham, OR 4 Beds \| 3 Baths \| 1926 Sq. Ft.	$570,000
845 Southeast Wendy Ln, Gresham, OR 3 Beds \| 2.5 Baths \| 1751 Sq. Ft.	$522,019
4165 Southeast 10th Dr, Gresham, OR 3 Beds \| 3 Baths \| 1580 Sq. Ft.	$488,145
4135 Southeast 10th Dr, Gresham, OR 3 Beds \| 3.5 Baths \| 2738 Sq. Ft.	$663,690

Address	Redfin Estimate
868 Southeast Paloma Ave, Gresham, OR 5 Beds \| 3 Baths \| 2292 Sq. Ft.	$395,293
865 Southeast Paloma Ave, Gresham, OR 3 Beds \| 2 Baths \| 1794 Sq. Ft.	$442,781
956 Southeast Wendy Ave, Gresham, OR 3 Beds \| 2.5 Baths \| 1992 Sq. Ft.	$521,610
989 Southeast Wendy Ave, Gresham, OR 4 Beds \| 3 Baths \| 2159 Sq. Ft.	$532,321
878 Southeast Wendy Ln, Gresham, OR 4 Beds \| 3 Baths \| 2808 Sq. Ft.	$585,386
875 Southeast Wendy Ln, Gresham, OR 3 Beds \| 2 Baths \| 1390 Sq. Ft.	$459,327
785 Southeast Wendy Ln, Gresham, OR 3 Beds \| 3 Baths \| 1880 Sq. Ft.	$511,475

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

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

Redfin Brokerage Licenses

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

97080 homes for sale
97230 homes for sale
97030 homes for sale
97233 homes for sale
97236 homes for sale

Houses for rent in Gresham	Agents near me	Lake Oswego, OR homes for sale	Gresham Housing Market
Houses for sale near me	Portland, OR homes for sale	Salem, OR homes for sale
Land for sale near me	Bend, OR homes for sale	Hillsboro, OR homes for sale
Open Houses near me	Beaverton, OR homes for sale	Gresham Property Records
Condos for sale near me	Eugene, OR homes for sale	OR New Listings

Portland homes for sale
Vancouver homes for sale
Beaverton homes for sale

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

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