1585 SE 5th St, Gresham, OR 97080
Property image
Property image
OFF MARKET

1585 SE 5th St
Gresham, OR 97080

Historic Southeast
  • 6 Beds
  • 2 Baths
  • 1,824 sqft (on 0.29 acres)

$552,600

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $3,323/mo*
Refinance Your Home

$552,600

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $3,323/mo*
Refinance Your Home
6 Beds
2 Baths
1,824 sqft
(on 0.29 acres)

Home Value

Trulia Estimate
$553K
Since last month
Increased$8K (+1.5%)
Since last year
Increased$21K (+3.9%)
Since last sale
Increased$24K (+4.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +7% in the last 10 years
MonthEstimated value
2026
August 2026$554K
July 2026$562K
June 2026$545K
May 2026$539K
March 2026$521K
February 2026$530K
January 2026$521K
2025
2024

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1330 SE 4th St, Gresham, OR
0.12
Multi-Family Home
$507,500
10/01/25
4
2
1,664
805 SE Rene Ave, Gresham, OR
0.33
Multi-Family Home
$520,000
08/03/26
5
3
1,872
875 SE Rene Ave, Gresham, OR
0.36
Multi-Family Home
$465,000
02/20/26
4
2
1,728
2219 SE 9th Ct, Gresham, OR
0.38
Multi-Family Home
$564,000
11/21/25
5
4
2,352
965 NE 4th St, Gresham, OR
0.52
Multi-Family Home
$489,000
10/06/25
4
2
1,612
231 SE Elliott Ave, Gresham, OR
0.47
Multi-Family Home
$530,000
06/26/26
6
6
2,454
234 NE Cleveland Ave, Gresham, OR
0.44
Multi-Family Home
$850,000
05/19/26
4
4
2,164
3422 SE 12th St, Gresham, OR
1.00
Multi-Family Home
$524,000
10/10/25
5
3
2,014

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1530 SE 5th St, Gresham, OR 97080
0.03
$584,900
6
2
1,962
Recently Sold
1550 SE 4th St, Gresham, OR 97080
0.04
$420,000
3
2
2,388
Recently Sold
1695 SE 5th St, Gresham, OR 97080
0.04
$553,500
4
2
1,732
Off Market
595 SE Vista Ter, Gresham, OR 97080
0.06
$427,500
3
2
1,184
Off Market
667 SE Myrtlewood Pl, Gresham, OR 97080
0.09
$466,800
3
2
1,482
Off Market
1700 SE 4th St, Gresham, OR 97080
0.07
$432,500
3
2
1,619
Recently Sold
4 Southeast St, Gresham, OR 97080
0.10
-
-
-
-
Off Market
1421 SE 4th St, Gresham, OR 97080
0.10
$479,500
3
2
1,386
Off Market
1330 SE 4th St, Gresham, OR 97080
0.12
$508,400
4
2
1,664
Off Market
670 SE Myrtlewood Pl, Gresham, OR 97080
0.12
$466,000
3
2
1,651
Off Market
647 SE Hogan Rd, Gresham, OR 97080
0.13
$359,000
3
2
1,346
Recently Sold

Local Information

  • Map ViewExplore the area around 1585 SE 5th St.
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1973
Lot Size
0.29 acres
Living Area
1,824 sqft
Price/Sqft
$303
Parking
Garage

About this House

Fantastic Income or Investment Opportunity! This well-maintained duplex on a spacious .29-acre lot offers incredible potential with each unit featuring 912 sq. ft. of comfortable living space. Both units include 3 bedrooms and 1 bath, a light-filled living room with a large picture window, and a functional kitchen with an eat bar, perfect for casual dining. The adjacent dining room opens to the backyard through sliders, providing easy access to outdoor living. Each unit has its own laundry area, garage, and driveway parking. The large shared backyard is complete with a covered deck, shade trees, fruit trees, and a charming grape arbor, ideal for relaxation or entertaining. Conveniently located near restaurants, shopping, parks, and the Gresham Golf Course, this property is perfect for investors or those seeking rental income.
1585 SE 5th St, Gresham, OR 97080 is a 6 bedroom, 2 bathroom, 1,824 sqft multi-family in Historic Southeast, built in 1973. It last sold for $530,000 on Nov 14, 2024 (6% above the $500,000 asking price). It is currently off market. The Trulia Estimate is $552,600, with a rent estimate of $2,288/month.
Last check for updates: about 17 hours ago
Listed by Nick Shivers, (971) 201-1500
Keller Williams PDX Central
Arthur Klassen, (971) 201-1500
Keller Williams PDX Central
Bought with: Arthur Klassen, (971) 201-1500, Keller Williams PDX Central
Source: RMLS (OR), MLS#24285328

Home Details for 1585 SE 5th St

Active Status

MLS Status: Sold

Interior Features

Beds & Baths
Number of Bedrooms: 6Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1824 Square Feet
Heating & Cooling
Heating: BaseboardNo CoolingHas HeatingHeating Fuel: Baseboard
Levels, Entrance, & Accessibility
Stories: 1
View
No View

Exterior Features

Exterior Home Features
Roof: CompositionFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Attached
Frontage
Road Surface Type: Paved
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 26

Property Information

Year Built
Year Built: 1973
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Wood SidingNot Attached Property
Property Information
Condition: ExistingParcel Number: R270141

Price & Status

Price
List Price: $500,000
Status Change & Dates
Off Market Date: Tue Nov 05 2024

Location

Direction & Address
City: Gresham
School Information
Elementary School: HollydaleJr High / Middle School: Clear CreekHigh School: Gresham

Building

Building Area
Building Area: 1824 Square Feet

Lot Information

Lot Area: 0.29 acres

Offer

Listing Terms: Cash, Conventional, FHA, VA Loan

Rental Terms, Policies & Fees

Rent Includes: None

Miscellaneous

Mls Number: 24285328

Price and Tax history

DateEventPrice
Nov 14, 2024
Source: RMLS (OR) #24285328
Sold
$530,000
Nov 6, 2024
Source: RMLS (OR) #24285328
Pending
$500,000
Oct 31, 2024
Source: RMLS (OR) #24285328
PriceChange
$500,000
Price decreased by 3%
Oct 10, 2024
Source: RMLS (OR) #24285328
Listed For Sale
$515,000

Market trends in Gresham

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$466K
$234MoM
Sale-to-List Price
100.0%
Price per sq ft
$275
$1MoM
Available listings
365
38MoM
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Around this home

Neighborhood Overview

Historic Southeast
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Historic Southeast

At least 7 Trulia users voted on each feature.

  • 100 % Say car is needed

  • 100 % Say there are sidewalks

  • 92 % Say yards are well-kept

  • 83 % Say kids play outside

  • 82 % Say parking is easy

  • 80 % Say there's wildlife

  • 75 % Say it's dog friendly

  • 70 % Say streets are well-lit

  • 69 % Say they plan to stay for at least 5 years

  • 67 % Say it's quiet

  • 62 % Say neighbors are friendly

  • 60 % Say it's walkable to grocery stores

  • 57 % Say there's holiday spirit

  • 40 % Say it's walkable to restaurants

  • 36 % Say people would walk alone at night

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "This is a nice area of Gresham… Most people think of Rockwood when you say Gresham… It’s quite the opposite. Lower crime, friendly neighbors and pride of ownership."
    0
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  • Trulia User
    "The dog parks, there’s a couple of them around there. And people pick up after their animals at the park they just don’t do it on the streets. "
    0
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  • Trulia User
    "Uhhh the neighbors were friendly but overall it’s not a safe neighborhood to be in until you walk really deep into the neighborhood and not much of a safe place for children. I never saw kids playing outside and only saw two people ever walk their dogs. Just overall, there are better places."
    0
    Flag
  • Pedalsteel
    "National Night Out, Farmers Market, Movie Nights in the Park, Concerts in the Park, Community Clean up in the Park"
    0
    Flag
  • Pedalsteel
    "Easy access to downtown and public transit, walking distance to restaurants, bars, movie theater and skate park. "
    0
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  • Pedalsteel
    "Great historic neighborhood with friendly folks, and close to downtown for restaurants, bars, and movie theater!"
    0
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  • Pedalsteel
    "Close proximity to historic downtown Gresham. We can walk to bars, restaurants, or catch a movie at the theater... all within a 5 minute walk. "
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Homes for sale near 1585 SE 5th St

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Off Market Homes Near 1585 SE 5th St

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Frequently asked questions about 1585 SE 5th St

  • What is 1585 SE 5th St estimated to be worth?
    Trulia's estimated value for 1585 SE 5th St in Gresham, OR is $552,600.
  • What is the price history for 1585 SE 5th St?
    1585 SE 5th St in Gresham, OR last sold for $530,000 in November 2024.
  • Is Gresham a buyer's or seller's market?
    Gresham is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Gresham?
    The median sale price in Gresham is $466K. That is down $234 from the prior month.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. This content last updated on 2026-08-12 11:14:13 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.