5321 SE WELCH RD, Gresham, OR 97080

  • $699,000
  • $750,000

Overview

  • 5
    Bedrooms
  • 3
    Bathrooms
  • 4.0
    Car Garage
  • 2922 Sqft
    Property Size
  • 1970
    Year Built
  • SingleFamilyResidence, Residential
    Property Type
  • 567137463
    MLS#
  • 0.543 Acres
    Land Area
  • Ten Mile Lake Properties LLC
    Office Name
  • Lisa Benson
    Agent Name

Description

This home is an Automotive & Storage Haven:Boasting a massive 4-car garage, complemented by 2 dedicated RV hookups & substantial parking. The property is enclosed by high-quality custom fencing featuring wrought iron accents, providing both security & aesthetic sophistication. Comes w/17’8 storage container & multiple outbuildings. Enjoy peak a boo view of Mt. Hood, a hallmark of premium Pacific Northwest real estate. Live in it as is while you plan your future development strategy. Located in the heart of Gresham’s growth corridor, this property sits amidst a landscape of modern residential expansion. Whether you are looking for a multi-generational family compound or a strategic land-banking opportunity, the flexibility of the LDR-5 zoning makes this one of the most versatile listings on the market today. Unlock the Potential of this unique property & discover the perfect blend of investment potential and comfortable living situated on a large 23,646 sq. ft. lot. This property offers a rare opportunity in a rapidly evolving neighborhood. With Low Density Residential (LDR-5) zoning, this parcel is primed for development, including duplexes, quad-plexes, or charming cottage clusters—perfect for investors looking to capitalize on the surge of new development surrounding this prime location in the near future. Attention Investors the primary value of this property lies not in its current state, but in its “highest and best use.” Have your own farm within city limits with potential infill development. Rasberries, Blueberries, Grapes, Chicken coop, Horse Pen. All personal property negotiable. Highly desirable to Builders looking for a future small-scale multi-family project. The “density bonus” is potential money in the bank.”Buyer to verify development potential with the City of Gresham. Preliminary review suggests the LDR-5 zoning may support a variety of middle-housing options.”

Details

Updated on July 13, 2026 at 2:30 am
  • MLS# 567137463
  • Price $699,000
  • Property Size 2922 Sqft
  • Land Area 0.543 Acres
  • Bedrooms 5
  • Bathrooms 3
  • Car Garage 4.0
  • Garage Size x x
  • Year Built 1970
  • Property Type SingleFamilyResidence, Residential
  • Property Status Active
  • Office Name Ten Mile Lake Properties LLC
  • Agent Name Lisa Benson
  • Office Phone 971-983-7147

Additional details

  • Listing Terms Cash, Conventional, FHA, VALoan
  • Roof Composition
  • Sewer Public Sewer
  • Cooling Heat Pump
  • Heating Forced Air
  • County Multnomah
  • Property Type Residential
  • Parking RVAccess Parking, Secured
  • Elementary School Kelly Creek
  • Middle School Gordon Russell
  • High School Sam Barlow
  • Architectural Style Stories2, Custom Style

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