4038 SE Powell Valley Rd, Gresham, OR 97080
Property image
Property image
OFF MARKET

4038 SE Powell Valley Rd
Gresham, OR 97080

Kelly Creek
  • 6 Beds
  • 14 Baths
  • 2,460 sqft

$627,200

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $3,752/mo*
Refinance Your Home

$627,200

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $3,752/mo*
Refinance Your Home
6 Beds
14 Baths
2,460 sqft

Home Value

Trulia Estimate
$627K
Since last month
Decreased$2K (-0.3%)
Since last year
Increased$15K (+2.4%)
Since last sale
Increased$5K (+0.9%)
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 +147% in the last 10 years
MonthEstimated value
2026
August 2026$628K
July 2026$630K
June 2026$619K
May 2026$627K
March 2026$613K
February 2026$625K
January 2026$615K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
3422 SE 12th St, Gresham, OR
0.32
Multi-Family Home
$524,000
10/10/25
5
3
2,014
912 NE Hacienda Ct, Gresham, OR
0.99
Multi-Family Home
$590,000
03/10/26
6
12
2,480
2219 SE 9th Ct, Gresham, OR
0.91
Multi-Family Home
$564,000
11/21/25
5
4
2,352
805 SE Rene Ave, Gresham, OR
0.94
Multi-Family Home
$520,000
08/03/26
5
3
1,872
4151 NE 8th St, Gresham, OR
0.93
Multi-Family Home
$480,000
01/30/26
5
4
2,675
3430 NE Division St, Gresham, OR
1.05
Multi-Family Home
$506,750
01/26/26
5
3
1,808
875 SE Rene Ave, Gresham, OR
0.93
Multi-Family Home
$465,000
02/20/26
4
2
1,728
231 SE Elliott Ave, Gresham, OR
1.70
Multi-Family Home
$530,000
06/26/26
6
6
2,454

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
4080 SE 10th Dr, Gresham, OR 97080
0.06
$576,700
4
3
2,173
Off Market
4025 SE 10th Dr, Gresham, OR 97080
0.06
$511,800
5
2
1,644
Off Market
745 SE Wendy Ln, Gresham, OR 97080
0.07
$435,000
3
2
1,920
Recently Sold
4355 SE 10th Dr, Gresham, OR 97080
0.11
$540,000
4
3
2,480
Recently Sold
820 SE Barnes Ave, Gresham, OR 97080
0.11
$500,000
4
3
2,012
Recently Sold
730 SE Barnes Ave, Gresham, OR 97080
0.12
$538,000
3
2
2,620
Recently Sold
677 SE Paloma Ave, Gresham, OR 97080
0.13
$462,900
3
3
1,756
Off Market
805 SE Centurion Ave, Gresham, OR 97080
0.14
$427,100
3
1
1,240
Off Market
4177 SE 12th St, Gresham, OR 97080
0.15
$475,000
3
2
1,424
Recently Sold
1053 SE Barnes Rd, Gresham, OR 97080
0.15
$387,000
3
1
1,207
Recently Sold
4148 SE 12th St, Gresham, OR 97080
0.16
$499,100
3
2
1,751
Off Market

Local Information

  • Map ViewExplore the area around 4038 SE Powell Valley Rd.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
2001
Living Area
2,460 sqft
Price/Sqft
$255
Parking
Garage

About this House

A SOLID Investment property! Cap rate of 5.57% with a very low vacancy rate of 1%. This desirable property is a townhome style duplex with a great functional floorplan. A smart addition to your investment portfolio. The seller is the original owner. It has been well cared for inside and out. Each unit has 3 good size bedrooms, 2.5 baths, wall to wall carpet, newer roof 10/2018, newer LVP floors (4038)-2022 & vinyl floors in 2018 (4048) for easy care and maintenance. The open floor plan is ideal. Kitchens include a double sink, breakfast bar and all appliances for both units. The slider just of the dining area, gives easy access to a private patio & fenced backyard perfect. Six New LED front security lights provide ample light at night. The vinyl siding makes your maintenance and upkeep a breeze. On a bus line and less than a mile for shopping, dining & parks makes this a perfect location. Easy access to I84. Photos of unit 4048 were taken prior to the tenant move in and 4038 were taken in June of 2024.
4038 SE Powell Valley Rd, Gresham, OR 97080 is a 6 bedroom, 14 bathroom, 2,460 sqft multi-family in Kelly Creek, built in 2001. It last sold for $622,900 on Dec 27, 2024 (1% below the $627,900 asking price). More recently, it was listed as a rental in May 2024 with an asking price of $2,250 per month. That rental listing was removed on July 3, 2024. It is currently off market. The Trulia Estimate is $627,200, with a rent estimate of $2,629/month.
Last check for updates: about 2 hours ago
Listed by Tami Liesy, (503) 388-1881
Keller Williams PDX Central
Bought with: Brent Ryder, (503) 806-5471, The Broker Network, LLC
Source: RMLS (OR), MLS#24463018

Home Details for 4038 SE Powell Valley Rd

Active Status

MLS Status: Sold

Interior Features

Interior Details
Basement: Crawl Space
Beds & Baths
Number of Bedrooms: 6Number of Bathrooms: 14Number of Bathrooms (full): 4Number of Bathrooms (partial): 10
Dimensions and Layout
Living Area: 2460 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Microwave, Range, Refrigerator, Electric Water HeaterDishwasherMicrowaveRefrigerator
Heating & Cooling
No CoolingNo Heating
Levels, Entrance, & Accessibility
Stories: 2
View
No View
Security
Security: Security Lights

Exterior Features

Exterior Home Features
Roof: CompositionFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageHas Open ParkingParking Spaces: 2Parking: Driveway,Off Street
Frontage
Road Surface Type: Paved
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 169

Property Information

Year Built
Year Built: 2001
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Vinyl SidingNot Attached Property
Property Information
Condition: Updated/RemodeledParcel Number: R239833

Price & Status

Price
List Price: $627,900
Status Change & Dates
Off Market Date: Sun Dec 08 2024

Location

Direction & Address
City: GreshamCommunity: Kelly Creek
School Information
Elementary School: Kelly CreekJr High / Middle School: Gordon RussellHigh School: Sam Barlow

Building

Building Area
Building Area: 2460 Square Feet

HOA

No HOA

Lot Information

Lot Area: 7405.2 sqft

Offer

Listing Terms: Cash, Conventional, FHA, VA Loan

Rental Terms, Policies & Fees

Rent Includes: None

Miscellaneous

Mls Number: 24463018

Price and Tax history

DateEventPrice
Dec 27, 2024
Source: RMLS (OR) #24463018
Sold
$622,900
Dec 9, 2024
Source: RMLS (OR) #24463018
Pending
$627,900
Oct 25, 2024
Source: RMLS (OR) #24463018
Listed For Sale
$627,900
Jul 3, 2024
Source: Zillow Rentals
ListingRemoved
Jun 17, 2024
Source: Zillow Rentals
PriceChange
$2,195
Price decreased by 1%

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

Around this home

Neighborhood Overview

Kelly Creek
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Kelly Creek

At least 54 Trulia users voted on each feature.

  • 90 % Say car is needed

  • 89 % Say it's dog friendly

  • 84 % Say there are sidewalks

  • 81 % Say parking is easy

  • 80 % Say yards are well-kept

  • 80 % Say kids play outside

  • 77 % Say there's holiday spirit

  • 67 % Say streets are well-lit

  • 63 % Say people would walk alone at night

  • 61 % Say neighbors are friendly

  • 60 % Say they plan to stay for at least 5 years

  • 57 % Say there's wildlife

  • 54 % Say it's walkable to grocery stores

  • 43 % Say it's quiet

  • 26 % Say it's walkable to restaurants

  • 21 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Michelle M. L.
    "we don't have any neighborhood events. everyone in our neighborhood decorates for Halloween and Christmas. "
    0
    Flag
  • Michelle M. L.
    "there are 2 farmers market we enjoy going too and I love our little downtown. our neighborhood is so quiet and has no street people use as a cross thru"
    0
    Flag
  • Dailyman2472016
    "This is a great quite neighborhood, close to schools, shopping and access to the Mt Hood Highway 26. It’s a safe neighborhood where your neighbors are friendly."
    0
    Flag
  • Georgelynnie2
    "Lots of dogs in neighborhood most owners are responsible but it’s those few that give dogs a bad name "
    0
    Flag
  • gurutogod
    "well since i work close the commute is about 15min. but you only get bus service twice a day I'd say this wouldn't be your best option."
    0
    Flag
  • Sstahl5
    "great area, schools, i loved raising my family here. it could use a better park development. there it is in a nut shell."
    1
    Flag
  • Estrom1950
    "This is a very nice and quiet neighborhood. Grocery stores are close, but you must have a car. Kelly Creek Elementary is a nice school."
    0
    Flag
  • Edith.strom
    "We have lived in Gresham for 40 years. Kelly Creek is very pretty and safe. The schools are not the best in Oregon but they are good. The air is fresh and freeways are easy to access."
    0
    Flag
  • Kitacream
    "Lots of people walk their dogs. Kelley Creek is nearby with a trail the dog walkers love. I don’t think there is anything a dog owner would’t like about this area. "
    0
    Flag
  • Rachel W.
    "My commute is less than 5 minutes by car and I have a beautiful view of Mt. Hood traveling to and from work."
    0
    Flag
  • Dailyman2472016
    "This is a nice friendly neighborhood. Neighbors walk their dogs, kids play basketball in the streets. It’s very close to Kelly Creek Elementary school as well."
    0
    Flag
  • Vanerigaud
    "Families are really involved in school activities. The neighborhood is a quiet place. Has somewhat of a small town feel. "
    3
    Flag
  • Robert G.
    "I have lived and worked in Gresham for 25 years and I think this is one of the best areas to live in, you are close to everything shopping,Resturants,Rivers,Mt hood,Airport,public transpotation, Great schools, "
    4
    Flag
  • Griz
    "Very nice cul-de-sac residential neighborhood with underground utilities for a clear sky providing quiet starry nights and unique family safety. Perfect for up-and-coming workers and retirees with desire for a large number of nice affordable restaurants theaters parks and shopping nearby. Homes come to market on occasion in this 'must see' neighborhood, with two expected to come onto the market by summer. "
    1
    Flag

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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 2026-08-21 00:24:06 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.

Frequently asked questions about 4038 SE Powell Valley Rd

  • What is 4038 SE Powell Valley Rd estimated to be worth?
    Trulia's estimated value for 4038 SE Powell Valley Rd in Gresham, OR is $627,200.
  • What is the price history for 4038 SE Powell Valley Rd?
    4038 SE Powell Valley Rd in Gresham, OR last sold for $622,900 in December 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.

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