1587 SW Walters Loop, Gresham, OR 97080
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Property image
FOR RENT
APPLY INSTANTLY
PET FRIENDLY
FURNISHED

$5,500/mo

Original price: $6,350
  • 4 Beds
  • 4 Baths
  • 5,540 sqft

1587 SW Walters Loop, Gresham, OR 97080

Gresham Butte
Available now
Price may not include required fees and charges.
Cost and fees breakdown
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Home Highlights

Single-Family Home
Attached Garage
Dogs & Cats Allowed
Dishwasher
Washer, Dryer
$5,500 deposit
Central, Baseboard & Central Air

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

Prepare to fall in love with this exceptional private sanctuary, where sweeping valley views and refined design create the perfect place to call home. Nestled in one of the area's most desirable neighborhoods, this stunning residence offers the ideal blend of luxury, comfort, and privacy.

Designed for both entertaining and everyday living, the home features expansive outdoor spaces, including a beautifully landscaped backyard and a large patio perfect for hosting gatherings or enjoying peaceful evenings surrounded by nature. Inside, you'll find thoughtful amenities such as a sauna, wet bar, and media room, making it easy to entertain family and friends in style.

Car enthusiasts and adventurers will appreciate the oversized five-car garage and dedicated RV parking, offering ample space for vehicles, toys, and storages.

Every detail has been carefully considered, combining timeless design with exceptional craftsmanship to create one of the area's most desirable properties. Relax to the sound of birdsong, take in the breathtaking valley views, and experience the tranquility of a home you'll be proud to own.

The lease agreement is for a term of one (1) year and convert to month-to-month tenancy. Rent is due on the date specified in the lease agreement. The tenant is responsible for all utility costs beside landscaping. Pets are permitted with approved authorization in writing by the landlord. Approved pets may be subject to additional deposits. Smoking and vaping are prohibited on the premise. Subleasing is not allowed.
Contact this Building
(669) 322-8282

Details for 1587 SW Walters Loop

Interior Features

Heating & Cooling
Heating: Baseboard, CentralAir ConditioningHeating Fuel: Baseboard
Appliances & Utilities
DishwasherDryerRefrigeratorWasher
Levels, Entrance, & Accessibility
Floors: Carpet, Hardwood, Tile

Days on Market

Days on Market: 52 days on Trulia

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 1 YearAvailable: nowCats, small dogs allowedDeposit: $5,500

Exterior Features

Parking & Garage
GarageParking: Attached Garage, On Site
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Costs and Fees

Required monthly rent & fees
  • Base rent
    $5,500/mo
Required one-time fees
  • Security deposit
    $5,500
  • Application fee
    Contact for details
  • Administrative fee
    Contact for details
Optional one-time fees
  • Pet fee
    $1,000
Pricing is subject to change. All calculations are estimates and provided for informational purposes only. Actual amounts may include additional mandatory or optional fees. Please consult the community manager for a complete breakdown of all rental costs.
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Rental Market Trends in Gresham Butte

Last updated Sep 2026
Trulia Rent Estimate$5,728/mo
Average rent
$4.9K
$1.4KMoM
Available listings
2
View rental market trends in Gresham, OR

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

Local Legal Protections

LGBTQ • Source of Income

Price and Tax history

DateEventPrice
Aug 15, 2026
Source: Zillow Rentals
PriceChange
$5,500
Price decreased by 13%
Jul 17, 2026
Source: Zillow Rentals
Listed For Rent
$6,350
Jan 22, 2021
Source: RMLS (OR) #20349696
Sold
$830,000
Dec 23, 2020
Source: Agent Provided
Pending
$875,000
Dec 23, 2020
Source: Agent Provided
PendingToActive
$875,000
Phone Number: 669-322-8282

Frequently asked questions about 1587 SW Walters Loop

  • What income do you need to rent 1587 SW Walters Loop?
    Most landlords look for monthly gross income of about 3× rent, or roughly $200K per year to rent 1587 SW Walters Loop in Gresham, OR at $5,500/mo.
  • What is the pet policy at 1587 SW Walters Loop?
    1587 SW Walters Loop in Gresham, OR allows cats and small dogs.
  • How does the rent for 1587 SW Walters Loop compare to similar 4+ bedroom houses in Gresham Butte?
    1587 SW Walters Loop in Gresham, OR rents about 122% above the area average for 4+ bedroom houses in Gresham Butte ($2,481/mo).
  • What are the closest schools to 1587 SW Walters Loop?
    The closest schools to 1587 SW Walters Loop in Gresham, OR are Dexter McCarty Middle School (rated 3/10), East Gresham Elementary School (rated 7/10), Gresham High School (rated 4/10).
  • Does 1587 SW Walters Loop have laundry facilities?
    Yes, 1587 SW Walters Loop in Gresham, OR has in-unit laundry.
  • Does 1587 SW Walters Loop have a garage?
    Yes, 1587 SW Walters Loop in Gresham, OR has an attached garage.

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
$198,000 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.

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1587 SW Walters Loop, Gresham, OR is a 4 bedroom, 4 bathroom, 5,540 sqft single-family home. 1587 SW Walters Loop is located in Gresham Butte, Gresham. 1587 SW Walters Loop was listed for rent for $5,500/month on Jul 15, 2026. This property is pet friendly.