These prime development parcels are perfectly positioned in vibrant Historic Downtown Gresham, bustling with delightful restaurants, trendy shops, and an array of local amenities.Zoned DRL-2, a mixed-use sub-district, will allow single detached dwellings while also allowing duplexes, triplexes, quadplexes, townhouses, cottage clusters, multifamily, and small-scale commercial activities. All utilities available. This rare gem presents more than just land; it offers limitless potential in an area ripe for growth and development. Buyer to verify all information and development potential with the City of Gresham.
Vacant landProperty Type
0.68 acresLot Size
$1,691,176Price/Acres
Listed by Darren O'Halloran• Kohler Meyers O'Halloran Inc.
Listed by Suzanne O'Halloran• Kohler Meyers O'Halloran Inc.
Downtown Gresham, located between Main City Park and Gresham Station, is a historic and walkable Gresham neighborhood with a small-town main street and a civic plaza feel. The neighborhood’s character concentrates around the intersection of N Main Ave and E Powell Blvd, where patios, coffee counters, and local storefronts line the sidewalks. Community pillars include the Historic Downtown Gresham Arts Plaza, Mt. Hood Theatre, and the Gresham History Museum. Brick-faced commercial blocks mix with early-20th-century houses on leafy side streets. MAX light rail and bus service at Gresham Central Transit Center keeps the pace connected. Seasonal events and the Saturday market bring a steady hum to the core.
Provided by Walk Score and Local Logic
Property details
Interior
Virtual Tour Information
Virtual Tour Type: Photo Slide Show
Has Virtual Tour Unbranded: Yes
Exterior
Exterior Features
Existing Structures YN: No
Lot Information
Number Of Lots: 2
Land Description: Level
Lot Size Square Feet: 29,620
Lot Size Range: 20,000 SqFt to .99 Acres
Lot Size Acres: 0.68
Lot Size: 20,000 SqFt to .99 Acres
Parcel Number: R313994
Parcel Number 2: R313999
Soil Condition: Native
Road Frontage YN: Yes
Road Surface Type: Paved
Property Information
Property Type: Land
Property Sub Type: Residential/Recreational
Property Attached YN: No
Current Use: Raw Land
View YN: No
Financial
Tax Information
Tax Year: 2024
Tax Legal Description: ZENITH ADD, BLOCK 9, INC PT VAC ST & INC PT VAC ALLEY LOT 1&2
Tax Annual Amount: $2,600
Lease / Rent Information
Land Lease YN: No
Utilities
Utility Information
Green Certification YN: No
Internet Service Type: Cable
Utilities: Electricity Available, Natural Gas Available, Public Sewer, Water Available
Heating & Cooling
Heating YN: No
Cooling YN: No
Electricity and solar
View estimated energy costs and solar savings for this home
Directions: Powell or Division to Cleveland, East on 5th
Unparsed Address: NE 5TH ST, Gresham, OR 97030
Community Information
Zoning: DRL-2
Public facts
Beds: —
Baths: —
Finished Sq. Ft.: —
Unfinished Sq. Ft.: —
Total Sq. Ft.: —
Stories: —
Lot Size: 0.68 acres
Style: Other
Year Built: 1941
Year Renovated: 1941
County: Multnomah County
APN: R313994
Home facts updated by county records on Oct 5, 2026
Other
Listing Information
MlsStatus: Pending
Listing Price Information
Price Type: List Price
Sale and tax history for NE 5th St
Sale History
Tax History
Date
Event
Price
RMLS #172480520
Mar 30, 2026
Pending
—
Jun 26, 2025
Listed
$1,150,000
Public Records
Dec 6, 2024
Sold
$350,000
Public Records
Jun 12, 2018
Sold
$350,000
WVMLS #602206
Dec 11, 2008
Listing Removed
—
Sep 11, 2008
Listed
$1,240,000
Public Records
Apr 19, 1993
Sold
$10
Year
Property tax
Land + Additions
Assessment*
2025
$2,816 (+122.1%)
2024
$1,268 (+9.8%)
2023
$1,155 (+2.9%)
2022
$1,123 (+2.6%)
2021
$1,095 (+6.3%)
2020
$1,030 (+2.7%)
2019
$1,003 (+4.9%)
2018
$957 (+4.2%)
2017
$918 (+13.5%)
2016
$809 (+2.1%)
2015
$792 (+2.6%)
2014
$772 (+2.7%)
2013
$752 (+4.8%)
2012
$718
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.68 Acres
Year renovated
1941
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
1941
Style
Other
County
Multnomah County
APN
R313994
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 5, 2026.
DRL-2
Downtown Residential Low-Rise-2 Sub-District
This mixed-use sub-district will allow a gradual transformation into more varied and full-service residential neighborhoods that can take advantage of their proximity to transit and nearby shopping and job centers.; This predominantly residential sub-district will allow single detached dwellings to remain while also allowing duplexes, triplexes, quadplexes, townhouses, cottage clusters, small-scale multifamily, and small-scale commercial activities.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Other
Infrastructure-Other
Mixed use
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 92° expected this year, 16 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 • 97030
Average low and high temperatures (°F)
46
35
49
37
57
42
64
43
71
49
77
53
82
57
82
60
75
55
63
46
53
42
49
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.8 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for NE 5th St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $625,000 and $815,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $625K to $815K.