Unlock the potential of this nearly ½-acre flat parcel ideally situated near downtown Gresham. Positioned for growth and surrounded by established amenities, this property offers exceptional access to public transit, shopping, dining, and everyday conveniences-making it an attractive location for future residents. Commuters and recreation seekers will appreciate the easy connectivity to both Highway 26 and Interstate 84. Zoned MDR-24, the City of Gresham indicates the potential for 8-10 units, creating a compelling opportunity for middle housing or multifamily development. A residential facility is also an allowable use per City land use code, offering additional flexibility for investors and developers. Buyers to perform their own due diligence regarding all development possibilities and requirements. The level lot, complete with utilities in place, supports a smoother path to construction. The existing brick home presents another possible opportunity by renovating the structure with a rehab loan and utilizing as a single-family residence once again. Either direction, it's an outstanding investment opportunity in a prime growth corridor-bring your vision and explore the possibilities.
| MLS # | 799342585 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 204 |
| Listing Provided By | John L. Scott Sandy | Brett Bodine |
| Zoning | MDR-24 |
|---|
| Heating Yn | No |
|---|---|
| Cooling Yn | No |
| Lot Features | On Busline, Public Road |
|---|
| Attached Garage Yn | No |
|---|
| Utilities | Cable Available, Electricity Connected, Sewer Connected, Water Connected |
|---|
| Property | 3896 |
|---|
| State | OR |
|---|---|
| County | Multnomah |
| City | Gresham |
| Zip Code | 97080 |
| School District | Gresham |
| Elementary School | East Gresham |
| High School | Gresham |
| Listing VS Median (in 97080) | |
Price: $375,000 low | high Med: $534,995 On site: 204 low | high Med: 17.5 | |
| State | OR |
|---|---|
| County | Multnomah |
| City | Gresham |
| Zip Code | 97080 |
| School District | Gresham |
| Elementary School | East Gresham |
| High School | Gresham |
| Listing VS Median (in 97080) | |
Price: $375,000 low | high Med: $534,995 On site: 204 low | high Med: 17.5 | |
![]() | $375,000450 Se Hogan RdGresham, OR 97080 |