$1500000
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5 Bed
-
3 Bath
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3046 SqFt
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1 DOM
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Built: 1987
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Status: Active
Love this home?
Prime Development & Lifestyle Opportunity in GreshamDiscover an exceptional property offering both residential comfort and incredible development potential. Situated on 1.83 acres zoned LDR-7, this rare Gresham opportunity allows for the addition of up to 7 custom home lots or 25 townhomes (buyer to perform due diligence with the City of Gresham), creating a unique chance to generate income or offset your own housing costs.The existing home provides immediate livability with inviting spaces for today’s homeowner. Enjoy a spacious floor plan filled with natural light, well-appointed living areas, and generous bedrooms designed for comfort. Whether you choose to keep the home as your private retreat or position it for resale after development, the possibilities are abundant.A standout feature is the 1.18 acres of developable land, giving you flexibility to build new homes while maintaining your residence or turning the entire property into a profitable community project. The level lot, mature surroundings, and ideal zoning open the door to creativity and future value.Located in the heart of Gresham, one of Oregon’s fastest-growing cities, this property is poised to benefit from the region’s significant housing shortage. Gresham’s combination of strong community roots, expanding amenities, proximity to Portland, and rising demand for housing make it a prime location for new home development. With more people looking to call Gresham home, this property offers both immediate enjoyment and long-term potential.Whether you’re a homeowner seeking to leverage development to pay for your dream home, or an investor ready to seize one of the last remaining large parcels in the city, this property is a rare opportunity in today’s market.
Listing Provided Courtesy of Stephanie Peck, eXp Realty, LLC
General Information
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356304683
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SingleFamilyResidence
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1 DOM
-
5
-
1.83 acres
-
3
-
3046
-
1987
-
LDR-7
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Multnomah
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R340427
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Butler Creek
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Centennial
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Centennial
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Residential
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SingleFamilyResidence
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SECTION 17 1S 3E, TL 5700 1.83 ACRES
Listing Provided Courtesy of Stephanie Peck, eXp Realty, LLC
PDXA1 Realty Group data last checked: Oct 03, 2025 17:53 | Listing last modified Oct 03, 2025 02:27,
Source:
Residence Information
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1500
-
1546
-
0
-
3046
-
County
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3046
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2/Gas
-
5
-
3
-
0
-
3
-
Composition
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3, Attached
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Stories2
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Driveway,OffStreet
-
2
-
1987
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No
-
-
CementSiding
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CrawlSpace
-
RVParking
-
-
CrawlSpace
-
ConcretePerimeter
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DoublePaneWindows
-
Features and Utilities
-
-
ApplianceGarage, BuiltinOven, CookIsland, Cooktop, Dishwasher, DoubleOven, DownDraft, FreeStandingRefrigera
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CeilingFan, GarageDoorOpener, Granite, LaminateFlooring, VaultedCeiling, WalltoWallCarpet
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CoveredDeck, Deck, Gazebo, Porch, RVParking, RVBoatStorage, Yard
-
-
HeatPump
-
Gas, Tankless
-
ForcedAir
-
PublicSewer
-
Gas, Tankless
-
Electricity, Gas
Financial
-
8899.86
-
0
-
-
-
-
Cash,Conventional,OwnerWillCarry
-
10-02-2025
-
-
No
-
No
Comparable Information
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-
1
-
1
-
-
Cash,Conventional,OwnerWillCarry
-
$1,500,000
-
$1,500,000
-
-
Oct 03, 2025 02:27
Schools
Map
Listing courtesy of eXp Realty, LLC.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Oct 03, 2025 17:53 | Listing last modified Oct 03, 2025 02:27.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
— Jagathishp
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
— Vignesh Chan
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
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Thinking about buying or selling. Let’s Talk.
Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!
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