540 SE Kay Pl, Gresham, OR 97080
Property image
Property image
OFF MARKET

540 SE Kay Pl
Gresham, OR 97080

Historic Southeast
  • 5 Beds
  • 2 Baths
  • 2,048 sqft

$476,300

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $2,874/mo*
Refinance Your Home

$476,300

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $2,874/mo*
Refinance Your Home
5 Beds
2 Baths
2,048 sqft

Home Value

Trulia Estimate
$476K
Since last month
Decreased$15K (-3%)
Since last year
Decreased$32K (-6.2%)
Since last sale
Increased$114K (+31.1%)
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 +21% in the last 10 years
MonthEstimated value
2026
August 2026$482K
July 2026$491K
June 2026$497K
May 2026$494K
April 2026$493K
March 2026$478K
February 2026$487K
January 2026$480K
2025
2024
2023
2021
2020
2019

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
1185-1195 SE 5th St, Gresham, OR
0.26
Multi-Family Home
$535,000
06/08/26
4
2
1,802
1330 SE 4th St, Gresham, OR
0.34
Multi-Family Home
$507,500
10/01/25
4
2
1,664
231 SE Elliott Ave, Gresham, OR
0.18
Multi-Family Home
$530,000
06/26/26
6
6
2,454
965 NE 4th St, Gresham, OR
0.52
Multi-Family Home
$489,000
10/06/25
4
2
1,612
875 SE Rene Ave, Gresham, OR
0.73
Multi-Family Home
$465,000
02/20/26
4
2
1,728
234 NE Cleveland Ave, Gresham, OR
0.47
Multi-Family Home
$850,000
05/19/26
4
4
2,164
2219 SE 9th Ct, Gresham, OR
0.75
Multi-Family Home
$564,000
11/21/25
5
4
2,352
645 W Powell Blvd, Gresham, OR
0.74
Multi-Family Home
$590,000
03/26/26
5
3
3,625
875-885 SE Rene Ave, Gresham, OR
0.73
Multi-Family Home
$465,000
02/20/26
2
1,728
1783-1791 NE Beech Pl, Gresham, OR
1.12
Multi-Family Home
$530,000
06/17/26
6
4
2,416

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
605 SE 7th St, Gresham, OR 97080
0.06
$379,500
2
1
836
Off Market
516 SE 5th St, Gresham, OR 97080
0.04
$451,200
3
2
1,337
Off Market
610 SE 5th St, Gresham, OR 97080
0.03
$450,000
3
1
1,522
Recently Sold
510 SE 7th St, Gresham, OR 97080
0.08
$355,300
2
1
920
Off Market
629 SE Roberts Ave, Gresham, OR 97080
0.08
$630,000
5
3
2,482
For Sale
605 SE Roberts Ave, Gresham, OR 97080
0.09
$495,400
3
3
2,685
Off Market
518 SE Roberts Ave, Gresham, OR 97080
0.08
$695,000
3
2
1,892
For Sale
525 SE Juniper Ave, Gresham, OR 97080
0.07
$482,600
4
1
2,336
Off Market
430 SE Elliott Ave, Gresham, OR 97080
0.07
$250,200
2
1
885
Off Market
550 SE Juniper Ave, Gresham, OR 97080
0.09
$436,100
4
1
1,300
Off Market
705 SE 5th St, Gresham, OR 97030
0.08
$391,800
2
1
1,951
Off Market
520 SE Juniper Ave, Gresham, OR 97080
0.09
$586,100
5
3
2,646
Off Market

Local Information

  • Map ViewExplore the area around 540 SE Kay Pl.
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1973
Living Area
2,048 sqft
Price/Sqft
$233
Parking
Garage

About this House

OPEN SAT, NOV 9TH, 1-3PM BOM, buyers could not close. Great opportunity for investors or owner occupied buyers, who want to live on one side and reap the benefits of renting the other side out. One unit is 3 bedrooms and 1 bath and the other unit is 2 bedrooms and 1 bath. There is a 2 car garage and both units have a fenced yard. This is a no brainer!
540 SE Kay Pl, Gresham, OR 97080 is a 5 bedroom, 2 bathroom, 2,048 sqft multi-family in Historic Southeast, built in 1973. It last sold for $367,500 on Dec 4, 2019. More recently, it was listed as a rental in February 2016 with an asking price of $1,095 per month. That rental listing was removed on February 18, 2016. It is currently off market. The Trulia Estimate is $476,300, with a rent estimate of $2,371/month.

Home Details for 540 SE Kay Pl

Interior Features

Heating & Cooling
Heating: BaseboardHeating Fuel: Baseboard
Levels, Entrance, & Accessibility
Stories: 2
Appliances & Utilities
DishwasherDryerRefrigeratorWasher
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: Composition
Parking & Garage
GarageParking: Garage Detached

Property Information

Year Built
Year Built: 1973
Property Type / Style
Property Type: Multi Family

Community

Units in Building: 2

Price and Tax history

DateEventPrice
Dec 4, 2019
Source: RMLS (OR) #19226253
Sold
$367,500
Nov 8, 2019
Source: Agent Provided
Pending
$365,000
Nov 5, 2019
Source: Agent Provided
PendingToActive
$365,000
Oct 3, 2019
Source: Agent Provided
Pending
$365,000
Sep 30, 2019
Source: Agent Provided
Listed For Sale
$365,000

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
    Flag
  • 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
    Flag
  • 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
    Flag
  • Pedalsteel
    "Great historic neighborhood with friendly folks, and close to downtown for restaurants, bars, and movie theater!"
    0
    Flag
  • 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. "
    0
    Flag

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Apartments for Rent

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Explore by feature - Pet Friendly

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Homes for sale near 540 SE Kay Pl

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Off Market Homes Near 540 SE Kay Pl

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Frequently asked questions about 540 SE Kay Pl

  • What is 540 SE Kay Pl estimated to be worth?
    Trulia's estimated value for 540 SE Kay Pl in Gresham, OR is $476,300.
  • What is the price history for 540 SE Kay Pl?
    540 SE Kay Pl in Gresham, OR last sold for $367,500 in December 2019.
  • 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.
  • Does 540 SE Kay Pl have laundry facilities?
    Yes, 540 SE Kay Pl in Gresham, OR has in-unit laundry.