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5321 SE Welch Rd, Gresham, OR 97080 — photograph 1

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5321 SE Welch Rd, Gresham, OR 97080 — photograph 1
5 Beds3 Baths2,922 sqft

5321 SE Welch Rd, Gresham

$699,000

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ActiveMLS®: 567137463Listing held by another brokerage, marked RMLS
Price per sqft
$239.22
Built in
1970
Property size
2,922 sqft
Lot size
23,653 sqft
Property type
Residential
Days on market
89

Overview

UNLOCK THE POTENTIAL OF THIS UNIQUE GRESHAM PROPERTY! A rare opportunity to own a versatile 23,646 sq. ft. lot in the heart of Gresham’s growth corridor, offering an exceptional combination of comfortable living, extensive parking/storage, and exciting future possibilities. The property is enclosed by high-quality custom fencing with wrought-iron accents, providing privacy, security, and impressive curb appeal. The property also includes a 17'8" storage container, multiple outbuildings, and a productive mini-farm setup with raspberries, blueberries, grapes, a chicken coop, and horse pen—bringing the best of country-style living right into the city. Enjoy a peek-a-boo view of Mt. Hood, adding to the property's Pacific Northwest appeal. For the automotive enthusiast, contractor, hobbyist, or home-based business owner, this property is exceptionally well equipped. A massive 4-car garage, substantial additional parking, and two dedicated RV hookups provide an abundance of room for vehicles, recreational equipment, workspaces, storage, and guests. The existing home allows you to live comfortably while planning your long-term vision. Whether your goal is to create a multi-generational family compound, maintain an urban homestead, operate a home business, or pursue future development, this property offers remarkable flexibility. Investors and builders take notice: The property is zoned LDR-5 (Low Density Residential), presenting potential for future infill and middle-housing opportunities, subject to City of Gresham requirements, approvals, and buyer due diligence. Preliminary review suggests the zoning may allow for a variety of residential configurations, potentially including duplexes, quadplexes, cottage clusters, or other permitted housing options. The property's value extends well beyond its current use. For the savvy buyer, this is an opportunity to secure a large parcel in an evolving area today while planning for tomorrow's highest and best use.

Details

Interior

Interior features
Garage Door Opener, High Ceilings, High Speed Internet, Soaking Tub, Tile Floor, Wall to Wall Carpet, Washer / Dryer
Appliances
Built-in Range, Built-in Refrigerator, Convection Oven, Dishwasher, Disposal, Plumbed For Ice Maker, Stainless Steel Appliance
Fireplace
Yes
Fireplaces
2
Fireplace description
Wood Burning
Cooling
Yes
Cooling description
Heat Pump
Heating
Yes
Heating description
Forced Air

Exterior and lot

Lot size
23,653 sqft
Exterior features
Above Ground Pool, Covered Deck, Fenced, Fire Pit, Free Standing Hot Tub, Garden, Outbuilding, Poultry Coop, RV Hookup, RV Parking, RV / Boat Storage, Tool Shed, Yard
Lot features
Level
Architectural style
Two Stories, Custom Style
Roof
Composition
View
Yes
View description
Mountain, Territorial

Utilities

Sewer
Public Sewer
Water source
Public Water

Parking

Garage spaces
4
Parking
RV Access Parking, Secured
Total parking
4

Schools

High school
Sam Barlow
Middle school
Gordon Russell
Elementary school
Kelly Creek

Location

City
Gresham
County
Multnomah
Zoning
LDR 5

Taxes and dues

Annual taxes
$7,401 (2025)

Location

5321 SE Welch Rd, Gresham, OR 97080

Map showing the location of 5321 SE Welch Rd, Gresham, OR 97080
© Mapbox © OpenStreetMap

Monthly payment estimate

$4,337 /mo

20% · $139,800
7.00%
Principal and interest
$3,720
Property tax (2025)
$617
Total
$4,337

Estimate only, and not an offer of credit. Assumes 20% down ($139,800) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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