1587 SW Walters Loop, Gresham, OR 97080
Property image
Property image
OFF MARKET

$1,089,700

Trulia Estimate
as of Nov 11, 2026
  • 4 Beds
  • 3.5 Baths
  • 5,540 sqft

1587 SW Walters Loop, Gresham, OR 97080

Gresham Butte

Home Highlights

Single-Family Home
5,540 sqft
$197/sqft
Attached Garage

Local Information

  • Map ViewExplore the area around 1587 SW Walters Loop.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Beautiful viewsJack-and-jill bathroomPlenty of cabinet spaceFormal dining roomFourth bedroomSeparate home gym
Welcome home! This spacious 5,540 sq. ft. 4-bedroom, 3.5-bath home offers plenty of room to spread out, relax, work from home, and entertain.

The main level features a beautiful kitchen with a large island, granite countertops, and plenty of cabinet space, opening to the family room with a cozy fireplace. The informal dining area leads out to the balcony, making it easy to enjoy indoor-outdoor living. There's also a formal dining room and a separate living room with beautiful views.

The primary suite feels like its own private retreat, complete with a spacious bathroom featuring a walk-in shower, jacuzzi tub, fireplace, and access to a private balcony with sweeping views. The second and third bedrooms share a spacious Jack-and-Jill bathroom, while a dedicated office with built-in shelving and a desk makes working from home a breeze.

The lower level is perfect for movie nights and entertaining, with a media room, wet bar, fourth bedroom, full bathroom, and sauna. There's even a separate home gym for those who want to work out without leaving the house.

Outside, enjoy a covered patio with stamped concrete and just under an acre of fully fenced property. There's plenty of room to enjoy the outdoors, entertain, or simply have some privacy and space to relax.

With a 4-car garage, tons of storage, beautiful views, and plenty of space throughout, this home offers a comfortable and unique place to call home.

Tenant pays for all utilities
All appliances and washer and dryer is included. This house is part of HOA and will require tenants to maintain front and back yard. We have a landscaper that comes weekly for maintenance that you can use for $350 additional per month.

Any penalties or fines from HOA is tenant's responsibility.
Security deposit starts at $4975 and may increase base on credit check.

Pets are welcome but requires $500 per pet refundable deposit and $50 pet rent per pet each month.

Would be open to entertaining less than a year lease with negotiating terms and increase in rent depending on how short the lease is.
1587 SW Walters Loop, Gresham, OR 97080 is a 4 bedroom, 4 bathroom, 5,540 sqft single-family home in Gresham Butte. It last sold for $830,000 on Jan 22, 2021 (16,583% above the $4,975 asking price). More recently, it was listed as a rental in October 2026 with an asking price of $5,275 per month. That rental listing was removed on October 20, 2026. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,089,700, with a rent estimate of $5,417/month.

Home Details for 1587 SW Walters Loop

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: Air Conditioner, Central AirHeating Fuel: Forced Air
Appliances & Utilities
DishwasherDryerRefrigeratorWasher
Fireplace & Spa
Hot Tub or Spa
Levels, Entrance, & Accessibility
Floors: Hardwood

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 6 MonthAvailable: now

Exterior Features

Parking & Garage
GarageParking: Attached Garage, On Site

Comparable Sales for 1587 SW Walters Loop

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1409 SW Chastain Ave, Gresham, OR
0.29
Single-Family Home
$580,000
07/22/26
4
3
3,057 sqft
937 SW Florence Ct, Gresham, OR
0.28
Single-Family Home
$690,000
12/19/25
5
3
3,014 sqft
2188 SW Wallula Ln, Gresham, OR
0.21
Single-Family Home
$600,000
07/30/26
5
3
2,352 sqft
1363 SW 19th Dr, Gresham, OR
0.28
Single-Family Home
$420,000
08/10/26
4
3
3,266 sqft
1472 SW 14th St, Gresham, OR
0.31
Single-Family Home
$570,000
06/30/26
4
3
2,365 sqft
407 SW 7th St, Gresham, OR
0.49
Single-Family Home
$635,000
06/11/26
4
3
3,278 sqft
975 SW Florence Ct, Gresham, OR
0.33
Single-Family Home
$550,000
01/16/26
5
3
2,720 sqft
1407 SE Beech Pl, Gresham, OR
0.59
Single-Family Home
$815,000
03/10/26
4
3
3,286 sqft
1360 SW 19th Dr, Gresham, OR
0.32
Single-Family Home
$610,000
09/28/26
3
3
2,260 sqft
1215 SW Blaine Ct, Gresham, OR
0.18
Single-Family Home
$400,000
11/18/25
3
3
2,280 sqft

Nearby homes

Get a sense of prices in the area by checking nearby homes.
Skip to last item
Skip to first item

Price and Tax history

DateEventPrice
Oct 20, 2026
Source: Zillow Rentals
ListingRemoved
$4,975
Oct 16, 2026
Source: Zillow Rentals
PriceChange
$4,975
Price decreased by 6%
Oct 7, 2026
Source: Zillow Rentals
Listed For Rent
$5,275
Oct 7, 2026
Source: Zillow Rentals
ListingRemoved
$5,275
Sep 28, 2026
Source: Zillow Rentals
PriceChange
$5,275
Price decreased by 4%

Around this home

Neighborhood Overview

Gresham Butte
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Gresham Butte

At least 23 Trulia users voted on each feature.

  • 93 % Say there are sidewalks

  • 92 % Say parking is easy

  • 90 % Say there's holiday spirit

  • 83 % Say car is needed

  • 83 % Say it's dog friendly

  • 79 % Say yards are well-kept

  • 77 % Say there's wildlife

  • 71 % Say it's quiet

  • 69 % Say streets are well-lit

  • 65 % Say neighbors are friendly

  • 63 % Say kids play outside

  • 61 % Say people would walk alone at night

  • 61 % Say they plan to stay for at least 5 years

  • 54 % Say it's walkable to restaurants

  • 35 % Say there are community events

  • 16 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Jbando29
    "The Springwater Trail is nearby. It is a great place to walk with the dogs and the dog park is close by."
    1
    Flag
  • Robyn C
    "There is easy access to park and ride to downtown Portland. This takes over an hour to get to Portland and back. It takes 30 min to drive early in the morning and an hour and 15 minutes to get home in the evening "
    0
    Flag
  • Fessler5066
    "Incredible family neighborhood! Safe and with a cul de sac. School bus picks up at Main Street just around the corner. "
    1
    Flag
  • Chad R.
    "Great families and great neighbors. Great trails through the Butte. Just wish crime didn't seem to be an issue, but it does."
    1
    Flag
  • S D.
    "Fairly close to Powell, Division, & Burnside. These lead to most places in the area. 5 minutes to Downtown Gresham."
    0
    Flag
  • Trulia User
    "I know that our HOA has a community yard sale each year. They also have a yearly barbecue for members in the HOA."
    1
    Flag
  • Lorri W. M.
    "The commute from anywhere is getting longer and more frustrating. Portland has not updated the infrastructure to accommodate the population growth. "
    0
    Flag
  • Lorri W. M.
    "Depending on time of day commute to downtown can take 20-45 min both ways. It’s recommended to avoid the freeways and take side streets. "
    0
    Flag
  • dani_e s.
    "I move in last August and have never been more pleased with an area to live in. The neighbors are fantastic. The streets are peaceful and the trees/hilltop are stunning to look at. I am super close to Sprinwater Trail which leads to a park and eventually downtown Gresham. I hope to remain here for a VERY long time!"
    3
    Flag
  • Mary M.
    "Quiet cul-de-sac, friendly neighbors, flat for scenic walking, close in to town and shopping."
    2
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 1587 SW Walters Loop

  • What is 1587 SW Walters Loop estimated to be worth?
    Trulia's estimated value for 1587 SW Walters Loop in Gresham, OR is $1,089,700.
  • What is the price history for 1587 SW Walters Loop?
    1587 SW Walters Loop in Gresham, OR last sold for $830,000 in January 2021.
  • Is Gresham a buyer's or seller's market?
    Gresham is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Gresham?
    The median sale price in Gresham is $476K. That is up $18.17K from the prior month.
  • Does 1587 SW Walters Loop have air conditioning?
    Yes, 1587 SW Walters Loop in Gresham, OR has air conditioning.
  • Does 1587 SW Walters Loop have laundry facilities?
    Yes, 1587 SW Walters Loop in Gresham, OR has in-unit laundry.

Homes for rent near 1587 SW Walters Loop

Skip to last item
Skip to first item

Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
Skip to last item
  • Results are loading
Skip to first item