Fully leased 4-unit multifamily asset delivering immediate cash flow with strong retention. Each of the four units offers 2 bedrooms, 1.5 bathrooms, and 960 square feet with a thoughtful, open-concept layout featuring spacious living and dining areas, well-equipped kitchens, in-unit washer and dryer, and desirable private outdoor spaces (decks for upper units, patios for lower units) enhancing rental appeal and stability.Low-maintenance investment with newer roof (~1 year) and consistent upkeep. Located near Historic Downtown Gresham, Gresham Station, parks, and MAX Blue Line, supporting long-term rental demand. Walk Score 75, Bike 79, Transit 56. Ideal for investors seeking stable income with upside potential. For Google Maps directions use address: 1568 NE Cleveland Ave, Gresham, OR 97030
Active
$815,000
1546 NE Cleveland Ave, Gresham, OR 97030
8beds
3,840sqft
Multi Family
Built in 2003
-- sqft lot
$-- Zestimate®
$212/sqft
$-- HOA
What's special
Thoughtful open-concept layoutIn-unit washer and dryerWell-equipped kitchens
- 73 days |
- 653 |
- 48 |
Zillow last checked:
Listing updated:
Listed by:
Sally Olsson 503-679-7980,
Real Broker
Source: RMLS (OR),MLS#: 336267263
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 4
- Partial bathrooms: 4
Appliances
- Included: Dishwasher, Range, Refrigerator, Washer/Dryer, Electric Water Heater
Features
- Basement: None
Interior area
- Total structure area: 3,840
- Total interior livable area: 3,840 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 2
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 0.33 Acres
- Features: Flag Lot, Level, Private, SqFt 10000 to 14999
Details
- Parcel number: R511989
- Zoning: MDR-24
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Lap Siding, Vinyl Siding
- Foundation: Slab
- Roof: Composition
Condition
- Existing
- Year built: 2003
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: All Landscaping
HOA
- Has HOA: No
Location
- Region: Gresham
Financial & listing details
- Price per square foot: $212/sqft
- Annual tax amount: $9,612
- Date on market: 4/30/2026
- Listing terms: Call Listing Agent,Cash,Conventional
- Total actual rent: 5803
- Road surface type: Concrete, Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Listed for sale | $815,000$212/sqft |
Source:  RMLS (OR) #336267263 Report a problem | ||
| 5/7/2026 | Pending sale | $815,000$212/sqft |
Source: RMLS (OR) #336267263 Report a problem | ||
| 4/30/2026 | Listed for sale | $815,000+81.1%$212/sqft |
Source: RMLS (OR) #336267263 Report a problem | ||
| 10/9/2015 | Sold | $450,000$117/sqft |
Source: RMLS (OR) #15555650 Report a problem | ||
| 7/11/2015 | Listed for sale | $450,000$117/sqft |
Source: Keller Williams - Portland Central #15555650 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: North Central
Nearby schools
GreatSchools rating
- 2/10Highland Elementary SchoolGrades: K-5Distance: 0.6 mi
- 1/10Clear Creek Middle SchoolGrades: 6-8Distance: 1.4 mi
- 4/10Gresham High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Highland
- Middle: Clear Creek
- High: Gresham
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Oregon
- Multnomah County
- Gresham
- 97030
- North Central
- 1546 NE Cleveland Ave
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