23
Map
$250,000
↓ $5K (2%)
●
Condo -
For Sale
159 SW FLORENCE AVE #45
Gresham, OR 97080
2 Beds
1 Bath
852 Ft²
$1,788
Est. Monthly
$372
HOA / Fees
About This Property
Beautifully remodeled 2-bedroom, 1 bath unit. Brand new LVP
flooring throughout, fresh paint and new bathroom vanity. Stackable
Washer & Dryer. Kitchen opens to the large living room. Enjoy your
morning coffee or evening beverage of choice on the private deck.
Mini-split ductless heat pump system in the living room that
provides heating and A/C. Wall heaters in bedrooms. Wired for
surround sound. Washer/dryer hook-ups in unit. 1-car detached
garage. On a bus line, close to the cute downtown area of Gresham.
Walk to the city park, dining, shopping. HOA includes community
pool, water, sewer, garbage, & exterior maintenance.
Unit Size
852 Ft²
Days on Market
129 days
Land Size
-
Price per sqft
$293
Property Type
Condo
Property Taxes
$188
HOA Dues
$372
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago ( #572483507)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 6, 2026 | Price Decreased |
$250,000
↓ $5K
(2%) | |
| Price Decreased | |||
| Aug 5, 2026 | Price Decreased |
$255,000
↓ $10K
(3.8%) | |
| Price Decreased | |||
| Jun 22, 2026 | Listed by Streamline Real Estate | $265,000 | |
| Listed by Streamline Real Estate | |||
Property Highlights
Parking Available
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway, On Street
Garage Spaces: 1
Interior Details
Full Bathrooms: 1
Interior Features: Granite, LuxuryVinylPlank, WasherDryer
Appliances: Dishwasher, Disposal, Free-Standing Range, Free-Standing Refrigerator, Microwave, Plumbed For Ice Maker, Granite, SolidSurfaceCountertop
Basement: Crawl Space
Exterior Details
Has Property Attached
Square Footage: 852
Property Condition: Resale
Architectural Style: Stories1
Year Built: 1978
Building Area Total: 852
Lot Features: Gentle Sloping
Water Source: Public
Financial Details
Tax Annual Amount: $2,261
Utilities Details
Cooling Type: MiniSplit
Heating Type: Ductless, Wall Furnace, MiniSplit
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Maintenance, Maintenance Grounds, Management, Pool, Trash, Water, Commons, Sewer
HOA Fee: $372
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/24/2024
|
2 Bed
|
1 Bath
|
904 ft²
|
$249,999
2 Bed
1 Bath
904 ft²
|
-
-
|
Tony Lozzi
John L. Scott Portland Metro
| |
|
12/14/2022
|
2 Bed
|
1 Bath
|
904 ft²
|
$228,000
2 Bed
1 Bath
904 ft²
|
-
-
|
Patti Gage
Berkshire Hathaway HomeServices NW Real Estate
| |
|
10/13/2022
|
2 Bed
|
1 Bath
|
852 ft²
|
$220,000
2 Bed
1 Bath
852 ft²
|
-
-
|
Alyssa Hall
John L. Scott Sandy
| |
|
09/04/2022
|
3 Bed
|
2 Bath
|
1146 ft²
|
$249,900
3 Bed
2 Bath
1146 ft²
|
-
-
|
Kenneth Cahill
John L. Scott Portland Metro
| |
|
03/19/2020
| |
2 Bed
|
1 Bath
|
852 ft²
|
$185,000
2 Bed
1 Bath
852 ft²
|
-
-
|
-
|
|
09/26/2018
| |
2 Bed
|
1 Bath
|
852 ft²
|
-
2 Bed
1 Bath
852 ft²
|
-
-
|
-
|
Building Info
159 Southwest Florence Avenue
159 Southwest Florence Avenue, Gresham, OR 97080
- 2 Units for Sale
About Holly Brook
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Listed by: Stacey Bent, Streamline Real Estate
Last Updated: 2 months ago
Data Source: RMLS , MLS# 572483507
Last Updated: 2 months ago
Data Source: RMLS , MLS# 572483507
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than RH Advisors are marked with the RMLS logo, and detailed information about these properties includes the name of the listing brokers. Listing content is copyright 2026 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on 10/29/2026 22:56. Some properties which appear for sale on this web site may subsequently have sold or no longer be available.
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