$1500000
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5 Bed
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3 Bath
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3046 SqFt
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1 DOM
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Built: 1987
- Status: Active
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Mohanraj Rajendran
Real Estate Agent
(503) 336-1515Prime Development & Lifestyle Opportunity in GreshamDiscover an exceptional property offering both residential comfort and incredible development potential. Situated on 1.83 acres zoned LDR-7, this rare Gresham opportunity allows for the addition of up to 7 custom home lots or 25 townhomes (buyer to perform due diligence with the City of Gresham), creating a unique chance to generate income or offset your own housing costs.The existing home provides immediate livability with inviting spaces for today’s homeowner. Enjoy a spacious floor plan filled with natural light, well-appointed living areas, and generous bedrooms designed for comfort. Whether you choose to keep the home as your private retreat or position it for resale after development, the possibilities are abundant.A standout feature is the 1.18 acres of developable land, giving you flexibility to build new homes while maintaining your residence or turning the entire property into a profitable community project. The level lot, mature surroundings, and ideal zoning open the door to creativity and future value.Located in the heart of Gresham, one of Oregon’s fastest-growing cities, this property is poised to benefit from the region’s significant housing shortage. Gresham’s combination of strong community roots, expanding amenities, proximity to Portland, and rising demand for housing make it a prime location for new home development. With more people looking to call Gresham home, this property offers both immediate enjoyment and long-term potential.Whether you’re a homeowner seeking to leverage development to pay for your dream home, or an investor ready to seize one of the last remaining large parcels in the city, this property is a rare opportunity in today’s market.
Listing Provided Courtesy of Stephanie Peck, eXp Realty, LLC
General Information
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356304683
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SingleFamilyResidence
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1 DOM
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5
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1.83 acres
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3
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3046
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1987
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LDR-7
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Multnomah
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R340427
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Butler Creek
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Centennial
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Centennial
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Residential
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SingleFamilyResidence
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SECTION 17 1S 3E, TL 5700 1.83 ACRES
Listing Provided Courtesy of Stephanie Peck, eXp Realty, LLC
Mohan Realty Group data last checked: Oct 03, 2025 05:05 | Listing last modified Oct 02, 2025 15:34,
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