550 NE 5th St
Gresham, OR 97030
Central City- Studio
- 748 sqft
Studio
748 sqft
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1939
Living Area
748 sqft
Parking
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. It is currently off market. The Trulia Estimate rent is $1,820/month.
Home Details for 550 NE 5th St
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Heating & Cooling Heating: ElectricHeating Fuel: Electric |
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Exterior Home Features Roof: CompositionExterior: Wood |
Parking & Garage GarageParking: Garage Detached |
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Year Built Year Built: 1939 |
Property Type / Style Property Type: Multi Family |
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Units in Building: 1 |
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Lot Area: 4791 sqft |
Price History for 550 NE 5th St
| Date | Price | Event | Source |
|---|---|---|---|
| 06/02/2020 | $225,000 | ListingRemoved | Agent Provided |
| 05/31/2020 | $225,000 | Listed For Sale | Agent Provided |
| 06/20/2019 | $225,000 | ListingRemoved | Agent Provided |
| 06/20/2018 | $225,000 | PriceChange | Agent Provided |
| 08/22/2017 | $199,500 | PriceChange | Agent Provided |
| 06/20/2017 | $219,000 | Listed For Sale | Agent Provided |
| 12/24/2015 | $99,900 | ListingRemoved | Agent Provided |
| 06/08/2015 | $99,900 | Listed For Sale | Agent Provided |
| 05/07/2015 | $99,900 | ListingRemoved | Agent Provided |
| 03/07/2015 | $99,900 | Listed For Sale | Agent Provided |
Market trends in Gresham
Last updated June 2026
Avg. sale price
$466K
$1.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$275
$8MoM
Available listings
325
10MoM
Property Tax and Assessment
| Year | 2022 |
|---|---|
| Tax | $2,350 |
| Assessment | $258,400 |
Home facts updated by county records
Comparable Sales for 550 NE 5th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.18 | Multi-Family Home | $489,000 | 10/06/25 | 4 | 2 | 1,612 | |
0.22 | Multi-Family Home | $850,000 | 05/19/26 | 4 | 4 | 2,164 | |
0.34 | Multi-Family Home | $530,000 | 06/26/26 | 6 | 6 | 2,454 | |
0.07 | Multi-Family Home | $656,886 | 08/29/25 | 18 | 9 | 9,216 | |
0.53 | Multi-Family Home | $535,000 | 06/08/26 | 4 | 2 | 1,802 | |
0.54 | Multi-Family Home | $507,500 | 10/01/25 | 4 | 2 | 1,664 | |
0.61 | Multi-Family Home | $530,000 | 06/17/26 | 6 | 4 | 2,416 | |
1.01 | Multi-Family Home | $465,000 | 02/20/26 | 2 | 1,728 | ||
1.01 | Multi-Family Home | $465,000 | 02/20/26 | 4 | 2 | 1,728 | |
0.72 | Multi-Family Home | $590,000 | 03/26/26 | 5 | 3 | 3,625 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 550 NE 5th St.
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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Apartments for Rent
Homes for sale near 550 NE 5th St
Off Market Homes Near 550 NE 5th St
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 $466K. That is up $1.33K 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).

