Rare opportunity to own a large custom home on 1.84 acres within the city limits, offering Mt. Hood views, privacy, & exceptional future potential. The property combines a spacious residence with a substantial amount of potentially developable land, creating opportunities for future subdivision, additional dwellings, or simply enjoying the acreage & open space as it exists today. Buyer to perform due diligence regarding development potential.The home offers 4 spacious bedrooms, 3.5 bathrooms, & a flexible lower-level room that could function as a 5th bedroom, den, or home office. The bedroom layout provides excellent privacy & functionality. The second bedroom shares a Jack-&-Jill bathroom, while the third bedroom features its own private bathroom. The spacious primary suite includes double sinks, a separate soaking tub, & walk-in shower.Generous living spaces are filled with natural light & designed for everyday living & entertaining, with Mt. Hood views adding to the setting. Recent improvements include a new Lennox gas furnace, central air conditioning, central vacuum system, & new insulation in both the attic & crawl space. A 3-car garage provides excellent parking & storage.Outside, enjoy mature landscaping, open green space, & exceptional privacy. The property includes a persimmon tree, two fig trees, seven blueberry bushes, several raspberry bushes, & numerous other maintained plants & trees.Enjoy a private retreat just minutes from shopping, dining, services, & major transportation routes. A unique combination of space, privacy, Mt. Hood views, & future potential.
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
Market insights
5400 SE Chase Rd · $1,299,000
DAYS ON MARKET
222 days
The average home goes pending in 25 days.
SALE-TO-LIST
99.8%
Most homes are selling 0% below list price.
LIST PRICE
$1,299,000
Median list price in this area is $572,129. (56% lower than this home)
PRICE DROP
0 price drops
28% of homes in this area have had a price drop in the past month.
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, offering Mt. Hood views, privacy, & exceptional future potential. The property combines a spacious residence with a substantial amount of potentially developable land, creating opportunities for future subdivision, additional dwellings, or simply enjoying the acreage & open space as it exists today. Buyer to perform due diligence regarding development potential.The home offers 4 spacious bedrooms, 3.5 bathrooms, & a flexible lower-level room that could function as a 5th bedroom, den, or home office. The bedroom layout provides excellent privacy & functionality. The second bedroom shares a Jack-&-Jill bathroom, while the third bedroom features its own private bathroom. The spacious primary suite includes double sinks, a separate soaking tub, & walk-in shower.Generous living spaces are filled with natural light & designed for everyday living & entertaining, with Mt. Hood views adding to the setting. Recent improvements include a new Lennox gas furnace, central air conditioning, central vacuum system, & new insulation in both the attic & crawl space. A 3-car garage provides excellent parking & storage.Outside, enjoy mature landscaping, open green space, & exceptional privacy. The property includes a persimmon tree, two fig trees, seven blueberry bushes, several raspberry bushes, & numerous other maintained plants & trees.Enjoy a private retreat just minutes from shopping, dining, services, & major transportation routes. A unique combination of space, privacy, Mt. Hood views, & future potential.
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 Oct 5, 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
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
2/10 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)
47
35
49
36
57
42
64
42
70
47
76
51
83
55
83
58
76
54
63
46
52
42
49
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
86/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Gresham. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
4.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5400 SE Chase Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $550,000 and $782,500.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $550K to $783K.