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4002 SW Rodlun Rd, Gresham, OR, 97080

5beds
2baths
3,054sqft
$800,000
$262price/sqft
$5,783/moest. monthly cost
$231,320/yrincome needed

About This Home

Located in a growing residential pocket of Gresham, this 1.7-acre parcel offers excellent potential for development, investment, or renovation. Positioned just north of established neighborhoods near Butler Creek and Kelly Creek, this property sits in a proven corridor for continued housing demand.Zoned LDR-5, the land may support a small subdivision, infill development, or custom home project. Property may also have the potential to be combined with MLS#: 535239138 for a larger development (buyer to verify with the City of Gresham).The property currently features an existing 3,054 sq ft ranch-style home with a 30x40 shop, offering flexibility for a range of strategies—renovate and hold, occupy while planning, or remove to maximize development potential.

Getting Around

2
WalkingCar-Dependent
8
TransitMinimal Transit
10
BikeSomewhat Bikeable

Schools

6/10
3/10
Centennial Middle SchoolGrades 6-82.7 mi
4/10
Centennial High SchoolGrades 9-122.3 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1968

Materials

  • Foundation: Stem Wall
  • Roof: Composition
  • Construction materials: Wood Composite

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Residential,Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2

Features

  • Number of fireplaces: 2
  • Fireplace features: Propane,Wood Burning
  • Fireplace: Yes

Heating

  • Heating features: Forced Air,Wood Stove

Interior Area

  • Total structure area: 3,054
  • Total interior livable area: 3,054 sqft

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: R340877
  • Zoning: Ldr-5

Features

  • Levels: One
  • Stories: 2

Lot

  • Lot size: 1.71 Acres
  • Features: Acres 1 to 3

Parking

  • Total spaces: 2
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Multnomah County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,045$48,540
Home Insurance *$192$2,304
Property Taxes $1,269$15,228
Electricity $277$3,325
Total$5,783$69,396
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$198,274/yr
40% on housing$173,490/yr
45% on housing$154,213/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$262This listing

vs Other Active Listings

Avg $/sqft

ZIP 97080$248
Multnomah County$244

vs Homes Sold Last Month

Median $/sqft

ZIP 97080$268
Multnomah County$288

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-16Listed for sale$800,000
1995-07-14Sold$206,000

For Sale by Agent

AgentEmelia Wessel
BrokeragePremiere Property Group LLC

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