About This Home

This 3-bedroom, 3-bathroom townhouse at 653 NW 1ST St in Gresham, OR is listed for $360,000 ($238 per sqft). Built in 2004, the home offers 1,515 sqft of living space on a 0.08 acres lot.

Key Features

  • Built in 2004
  • 0.08 acre lot
  • 2 stories

Property Details

2 stories
2 full, 1 half
2004
Listing Description

INVESTMENT OPPORTUNITY! NO HOA! Fantastic 3-bedroom, 2.1-bath townhome offering the combination of an existing rental, desirable features, and no monthly HOA dues. The home is currently rented, and the tenants would like to stay, providing an excellent opportunity for an investor looking for an income-producing property with an established tenant.

The open floor plan creates a comfortable and functional living space, complemented by beautiful hardwood floors. The home features newer appliances, including a washer and dryer, along with a newer furnace and water heater. The attached one-car garage provides convenient parking and additional storage.

Unlike many townhomes, this property sits on its own land and includes a fenced backyard, offering private outdoor space for relaxing, entertaining, or enjoying the outdoors. The home is attached on one side, providing a townhome-style layout while maintaining the feel of an individual property.

Whether you're an investor looking to add to your portfolio or a future homeowner seeking a property with rental potential, this is an opportunity worth exploring. No HOA means no monthly association dues, adding to the property's appeal and potential cash flow. Currently rented-please do not disturb the tenants Do not miss this great opportunity!

Monthly Cost Estimate

$1,925/mo

20% down · 6.5% · 30 years

Principal$260
Interest$1,560
Insurance$105

Estimates only. Actual payments may vary.

Location

653 NW 1ST St

Gresham, OR 97030

Features & Amenities

Interior Features

GarageDoorOpenerLaundrySlateFlooringTileFloorWalltoWallCarpetWasherDryerWoodFloors

Exterior Features

FencedPatioPorchYard

Property Details

Outdoor Features

PatioPorch

Heating

Forced Air

Appliances

DisposalFreeStandingRangeFreeStandingRefrigeratorMicrowavePlumbedForIceMakerTile

Questions & Answers

This 3-bedroom, 3-bathroom townhouse at 653 NW 1ST St is listed at $360,000 ($238/sqft). The estimated monthly payment is $1,925 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2004, 0.08 acre lot, 2 stories. Interior Features: GarageDoorOpener, Laundry, SlateFlooring. Exterior Features: Fenced, Patio, Porch.

This property is listed by Gary Horton and can be reached at 5037812476.

GH

Gary Horton

Agent at RE/MAX equity group

(503) 781-2476

Listed by RE/MAX equity group · Broker phone: (503) 670-3000 · View on Broker Site

MLS# 479682090· Source: Regional Multiple Listing Services· 12 days on PropertySimple

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

653 NW 1ST St, Gresham, OR 97030

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