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About this home
Owner-occupancy opportunity now available. Unit 935 is vacant and freshly renovated with new carpet in the bedrooms, new kitchen countertops and flooring, and fresh paint, ready for immediate occupancy. Two-unit investment property offering income plus upside. Each unit features 2 bedrooms, 1 bath, washer-dryer hookups, a private backyard, and an attached garage. These amenities command strong tenant retention in this high-demand Gresham rental corridor. Located near schools, parks, transit, and shopping. Interior showings of vacant Unit 935 available; Unit 933 is tenant-occupied — please do not disturb. **Unit 935 is being held vacant until late August to give an owner-occupant buyer a head start before being marketed for lease at $1,695/month plus garbage reimbursement.
Hogan Cedars, located between SE Stark St and SE Division St, is a residential and suburban Gresham neighborhood with tree-lined streets and a low-key, everyday pace. The neighborhood’s character concentrates around the SE 242nd Ave and SE Stark St crossroads, where small storefronts, service counters, and commuter traffic set a practical tone. Housing reads as late-20th-century ranches and split-levels with tidy yards, backed by pockets of evergreens. Side streets feel quiet, while nearby arterials keep errands straightforward. Mt. Hood Community College adds a steady campus rhythm, and Gresham Station frames the area with big-day shopping and transit connections.
Provided by Walk Score and Local Logic
Offer insights
933 SE Rene Ave · $515,000
$515K and above
75% chance or better to win
Why $515K+ is a strong offer
DAYS ON MARKET
103 days
The average home goes pending in 31 days.
SALE-TO-LIST
98.9%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Crawl space basement
Garage storage
Bedrooms
Two 2-bedroom units
Bathrooms
Each unit has 1 bathroom
Kitchen
Each unit includes a range, refrigerator, dishwasher and disposal
Laundry & utility
Electric hot water
Heating & cooling
Baseboard heating
No central air
Exterior features
Level lot
Paved road frontage
Stone and T-111 siding exterior
Home design
Multi-family property
Not attached to other buildings
Existing condition
Parking
2-car garage
Off-street parking
Construction
Built in 1978
Composition roof
Concrete perimeter foundation
Utilities
Public water
Public sewer
Electric power
HOA & community
Zoned MDR12
Financial info
Two units total
Unit 1 rent $1,530
Unit 2 rent $1,695
Building area approximately 1,786 total
Gross rent multiplier 13.97
Cap rate 5.37
Rent includes water
Other
Parcel number R253608
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R253608
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on May 19, 2026.
MDR-12
Moderate Density Residential-12 District
The Moderate Density Residential District-12 is primarily intended for housing at a maximum net density for single detached dwellings of 12.1 units per acre, manufactured dwelling parks at a maximum net density of 8.71 units per acre, and townhouses at a maximum net density of 25 units per acre. Manufactured dwelling parks shall be designed in conformance with standards and procedures of the Oregon Department of Consumer and Business Services, Building Codes Division as contained in Oregon Administrative Rules Chapter 918 Div. 600. Where standards of OAR 918-600 conflict with the following standards, the more restrictive standard shall apply.
Permitted uses
Include but are not limited to:
Housing-Multiple units
Housing-Other
Infrastructure-Other
Housing-Mobile home park
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