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

550 NE 5th St
Gresham, OR 97030

Central City
  • Studio
  • 748 sqft
Studio
748 sqft

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

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

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 History for 550 NE 5th St

DatePriceEventSource
06/02/2020$225,000ListingRemovedAgent Provided
05/31/2020$225,000Listed For SaleAgent Provided
06/20/2019$225,000ListingRemovedAgent Provided
06/20/2018$225,000PriceChange
Agent Provided
08/22/2017$199,500PriceChange
Agent Provided
06/20/2017$219,000Listed For SaleAgent Provided
12/24/2015$99,900ListingRemovedAgent Provided
06/08/2015$99,900Listed For SaleAgent Provided
05/07/2015$99,900ListingRemovedAgent Provided
03/07/2015$99,900Listed For SaleAgent Provided

Market trends in Gresham

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$466K
$1.33K
MoM
Sale-to-List Price
100.0%
Price per sq ft
$275
$8
MoM
Available listings
325
10
MoM
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Property Tax and Assessment

Year2022
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.
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Assigned Schools

These are the assigned schools for 550 NE 5th St.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

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."
  • 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"
  • 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"
  • krystalcravens
    "this town is the best place for families and all of the above"

LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 550 NE 5th St

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Off Market Homes Near 550 NE 5th St

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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).