550 NE 5th St, Gresham, OR 97030
Property image
Property image
OFF MARKET

$258,400

Tax assessed value
  • Studio
  • 748 sqft

550 NE 5th St, Gresham, OR 97030

Central City

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

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
965 NE 4th St, Gresham, OR
0.18
Multi-Family Home
$489,000
10/06/25
4
2
1,612
234 NE Cleveland Ave, Gresham, OR
0.22
Multi-Family Home
$850,000
05/19/26
4
4
2,164
231 SE Elliott Ave, Gresham, OR
0.34
Multi-Family Home
$530,000
06/26/26
6
6
2,454
1185-1195 SE 5th St, Gresham, OR
0.53
Multi-Family Home
$535,000
06/08/26
4
2
1,802
1330 SE 4th St, Gresham, OR
0.54
Multi-Family Home
$507,500
10/01/25
4
2
1,664
1783-1791 NE Beech Pl, Gresham, OR
0.61
Multi-Family Home
$530,000
06/17/26
6
4
2,416
1546 NE Cleveland Ave, Gresham, OR
0.58
Multi-Family Home
$815,000
09/08/26
8
8
3,840
875-885 SE Rene Ave, Gresham, OR
1.01
Multi-Family Home
$465,000
02/20/26
2
1,728
875 SE Rene Ave, Gresham, OR
1.01
Multi-Family Home
$465,000
02/20/26
4
2
1,728
Address Not Disclosed, Gresham, OR
0.72
Multi-Family Home
$590,000
03/26/26
5
3
3,625

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
491 NE Elliott Ave, Gresham, OR 97030
0.00
$407,000
3
2
1,459
Recently Sold
393 NE Kelly Ave, Gresham, OR 97030
0.07
-
Studio
-
-
Off Market
607 NE 3rd St, Gresham, OR 97030
0.07
$653,800
18
9
9,216
Off Market
596 NE Linden Ave, Gresham, OR 97030
0.09
$287,000
3
1
997
Off Market
375 NE Juniper Ave, Gresham, OR 97030
0.11
$406,100
3
2
1,058
Off Market
NE 6th St, Gresham, OR 97030
0.12
$65,224
-
-
-
Recently Sold
355 NE Juniper Ave, Gresham, OR 97030
0.11
$407,900
3
2
1,074
Off Market
707 NE 2nd St, Gresham, OR 97030
0.14
$70,000
-
-
-
Recently Sold
915 NE 4th St, Gresham, OR 97030
0.15
$260,000
3
1
916
Recently Sold
671 NE 8th St, Gresham, OR 97030
0.16
$317,700
3
2
1,379
Off Market
683 NE 8th St, Gresham, OR 97030
0.17
$321,700
3
2
1,387
Off Market
800 NE 4th St, Gresham, OR 97030
0.15
$2,007,600
28
10
10,160
Off Market

Homes for rent near 550 NE 5th St

Skip to last item
Skip to first item

Local Information

  • Map ViewExplore the area around 550 NE 5th St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1939
748 sqft
Garage

About this House

A Superb lot for a developer was platted for FIVE units, This rare lot is located in Historic Downtown Gresham near eclectic shops,salons, restaurants,banking,theater in the heart of Gresham.Buyer to provide their own due diligence Zone Downtown Transit mid-rise.... This is a corner lot which is a great asset in development options.Truly value priced.... Call today for details
550 NE 5th St, Gresham, OR 97030 is a studio, 748 sqft multi-family in Central City, built in 1939. This property is not currently displayed as for sale or rent on Trulia.

Home Details for 550 NE 5th St

Interior Features

Heating & Cooling
Heating: ElectricHeating Fuel: Electric

Exterior Features

Exterior Home Features
Roof: CompositionExterior: Wood
Parking & Garage
GarageParking: Garage Detached

Property Information

Year Built
Year Built: 1939
Property Type / Style
Property Type: Multi Family

Community

Units in Building: 1

Lot Information

Lot Area: 4791 sqft

Price and Tax history

DateEventPrice
Jun 2, 2020
Source: Agent Provided
ListingRemoved
$225,000
May 31, 2020
Source: Agent Provided
Listed For Sale
$225,000
Jun 20, 2019
Source: Agent Provided
ListingRemoved
$225,000
Jun 20, 2018
Source: Agent Provided
PriceChange
$225,000
Price increased by 13%
Aug 22, 2017
Source: Agent Provided
PriceChange
$199,500
Price decreased by 9%

Market trends in Gresham

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$459K
$7.37KMoM
Sale-to-List Price
100.0%
Price per sq ft
$274
$2MoM
Available listings
370
4MoM

Around this home

Neighborhood Overview

Central City
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Central City

At least 14 Trulia users voted on each feature.

  • 89 % Say parking is easy

  • 87 % Say it's dog friendly

  • 79 % Say it's walkable to restaurants

  • 75 % Say there are sidewalks

  • 73 % Say car is needed

  • 71 % Say it's walkable to grocery stores

  • 68 % Say there's holiday spirit

  • 63 % Say kids play outside

  • 61 % Say yards are well-kept

  • 58 % Say streets are well-lit

  • 53 % Say people would walk alone at night

  • 44 % Say neighbors are friendly

  • 42 % Say they plan to stay for at least 5 years

  • 42 % Say it's quiet

  • 40 % Say there's wildlife

  • 24 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "it used to be unique but now it's a cess pool of homelessness and crime, like the majority of Portland."
    3
    Flag
  • Jgruskin6616
    "lots of families with children, great parks and downtown events. music on Mondays, Saturday market on Saturdays, movies in the park on Fridays. close to any shopping. schools are ok. crime is pretty low. we have lived her for 2.5 years and we have really enjoyed jt"
    3
    Flag
  • Amber
    "Saturday market and downtown Gresham are in walking distance Downtown Gresham has lots of things going on in the summer Great little shops places to eat a couple breweries the neighborhood isn’t too rowdy"
    0
    Flag
  • krystalcravens
    "this town is the best place for families and all of the above"
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 550 NE 5th St

  • 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 $459K. That is down $7.37K from the prior month.
  • What do residents say about the Central City neighborhood?
    Residents describe the Central City neighborhood in Gresham, OR as easy to park in, dog-friendly, and walkable to restaurants. See recently sold homes in Central City, Gresham.
  • What are the closest schools to 550 NE 5th St?
    The closest schools to 550 NE 5th St in Gresham, OR are Dexter McCarty Middle School (rated 3/10), East Gresham Elementary School (rated 7/10), Gresham High School (rated 4/10).

Explore by feature - Pet Friendly

132 pet-friendly rentals in Gresham, OR

Explore by feature - Garage

71 rentals with a garage in Gresham, OR

Explore by feature - Air Conditioning

67 rentals with air conditioning in Gresham, OR

Explore by feature - Pool

27 rentals with a pool in Gresham, OR

Explore by feature - Washer/dryer

163 rentals with a washer/dryer in Gresham, OR

Explore by feature - Outdoor Space

35 rentals with an outdoor space in Gresham, OR

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 550 NE 5th St

Skip to last item
Skip to first item

Homes for sale near 550 NE 5th St

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item