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About this home
Rare Large Custom Home on 1.84-Acre Opportunity w/ Mt. Hood Views. A truly unique property within the city limits — this 1.84-acre estate combines a beautiful home with prime, developable land, offering unmatched potential & everyday comfort. The residence features 4 spacious bedrooms & 3.5 bathrooms, including a large main-level office that could serve as a 5th bedroom. Expansive living areas flow seamlessly, highlighted by natural light, Mt. Hood views, & room for entertaining. The home also includes a 3-car garage, providing ample storage & convenience. Step outside to enjoy mature landscaping (persimmon tree, two fig trees, seven blueberry bushes as well as several raspberry bushes just to name a few of the well cared for plants and trees), open green space, & privacy rarely found this close to the city. Whether you envision future subdivision, additional dwellings, or simply want room to breathe, this property offers an ideal balance of peaceful lifestyle & long-term investment potential (buyer to verify development possibilities).Just minutes from shopping, dining, and major routes — yet tucked away with the feel of a private retreat.
Adrian Olmstead • Cascade Hasson Sotheby's International Realty
Around this home
Schools
K - 12
Preschool & daycare
Kelly Creek Elementary School
Public K-5 • Assigned • 0.3mi
4/10
Gordon Russell Middle School
Public 6-8 • Assigned • 1.3mi
2/10
Sam Barlow High School
Public 9-12 • Assigned • 1.3mi
6/10
Provided by GreatSchools
About Kelly
Creek
Kelly Creek, located between NE Division St and NE Stark St, is a residential and park-adjacent Gresham neighborhood with creekside greenways and curving, sidewalk-lined streets. The neighborhood’s energy concentrates around the Gresham Station area near NE Burnside Rd and NE 242nd Dr, where big-box storefronts, casual eateries, and daily-errand services cluster along wide arterials. Housing reads as late-20th-century to newer builds, with attached garages and small, tidy yards. Kelly Creek Trail and nearby wetlands shape a walk-and-roll routine with bridges, birdsong, and seasonal water. Mt. Hood Community College adds a steady campus rhythm and public events. Edgefield’s McMenamins campus anchors local culture with gardens, a theater, and live music.
Provided by Walk Score and Local Logic
Offer insights
5400 SE Chase Rd · $1,299,000
$1.28M and above
75% chance or better to win
Why $1.28M+ is a strong offer
DAYS ON MARKET
177 days
The average home goes pending in 15 days.
SALE-TO-LIST
100.6%
Most homes are selling 1% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Ceiling fans
Central vacuum
High ceilings
Skylights
Vaulted ceilings
High speed internet
Laundry area
Washer and dryer included
Wood floors
Hardwood floors
Wall-to-wall carpet
Double pane windows with vinyl frames
Utility room on main (accessibility feature)
Crawl space basement
Stove fireplace
Bedrooms
Primary bedroom on upper level with vaulted ceiling and walk-in closet
Second bedroom on upper level (shared bath)
Third bedroom on upper level (shared bath)
Bathrooms
Four full bathrooms
Kitchen
Appliance garage
Built-in oven
Built-in range
Cooktop
Dishwasher
Garbage disposal
Plumbed for ice maker
Stainless steel appliances
Laundry & utility
Utility room on main
Washer and dryer included
Flooring
Wood floors
Hardwood floors
Tile
Vinyl flooring in utility room
Wall-to-wall carpet in select rooms
Heating & cooling
Forced air heating
Wood stove
Central air conditioning
Gas hot water
Exterior features
Deck
Garden
Private road
Security lights
Tool shed
Yard
Trees/woods view
Gentle sloping, wooded lot
Paved road access
Home design
Single family residence
Residential property
Views of trees/woods
Approximately described condition
Owner-occupied building area
Main and upper levels (living areas on main and upper)
Parking
RV access/parking
Three total parking spaces
Attached 3-car garage
Security
Security lights
Construction
Built in 1990
Cement siding exterior
Composition roof
Concrete perimeter foundation
Utilities
Public water
Standard septic sewer
Electricity and gas service
Cable and fiber optic internet available
HOA & community
Not a senior community
Zoning: LDR-5
Other
Lot size approximately 1.84 acres (private, wooded parcel)
Electricity and solar
View estimated energy costs and solar savings for this home
Rare opportunity to own a large custom home on 1.84 acres within the city limits, complete with Mt. Hood views and exceptional future potential. This unique property combines a spacious, comfortable residence with a substantial amount of potentially developable land, creating possibilities for future subdivision, additional dwellings, or simply enjoying the privacy and open space as it exists today. Buyers are encouraged to verify all development possibilities.The home offers 4 spacious bedrooms and 3.5 bathrooms, along with a large main-level office that could easily function as a 5th bedroom. Generous living spaces are filled with natural light and designed for both everyday living and entertaining, with Mt. Hood views adding to the setting. Recent improvements include new HVAC and central air conditioning, as well as a new central vacuum system. A 3-car garage provides excellent parking, storage, and additional utility.Outside, the expansive grounds feature mature landscaping, open green space, and a level of privacy that is increasingly difficult to find within the city. The property includes an established persimmon tree, two fig trees, seven blueberry bushes, several raspberry bushes, and numerous other carefully maintained plants and trees.Enjoy the feeling of a private retreat while remaining just minutes from shopping, dining, services, and major transportation routes. Whether the goal is additional space, privacy, future development potential (buyer to verify), or a combination of all three, this property offers a rare blend of comfortable residential living, acreage, views, and long-term possibilities.
Year
Property tax
Land + Additions
Assessment*
2025
$13,308 (+4.5%)
2024
$12,740 (+9.8%)
2023
$11,607 (+2.9%)
2022
$11,282 (+2.6%)
2021
$10,998 (+6.3%)
2020
$10,348 (+2.7%)
2019
$10,077 (+4.9%)
2018
$9,608 (+4.2%)
2017
$9,218 (+13.4%)
2016
$8,127 (+2.2%)
2015
$7,952 (+2.5%)
2014
$7,758 (+4.0%)
2013
$7,457 (+5.3%)
2012
$7,080 (+2.0%)
2011
$6,939 (+2.0%)
2010
$6,801 (+0.4%)
2009
$6,771
Public record
Public record
Zoning
Beds
3
Baths
3.5
Stories
2
Lot width
—
Lot depth
—
Lot size
1.84 Acres
Year renovated
1990
Finished Sq. Ft.
3,243
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,243
Year built
1990
Style
Single Family Residential
County
Multnomah County
APN
R339821
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
LDR-5
Low Density Residential-5 District
The Low Density Residential-5 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 8.71 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 6.22 units per acre is required.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Other
Infrastructure-Other
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...
$450,000–$480,000 range, buyers usually get a great deal