Under $500K Investment Properties for Sale in Gresham, OR
586- 3 Bed
- 3 Bath
- 1545 sft
124- 3 Bed
- 3 Bath
- 1456 sft
1187- 3 Bed
- 2 Bath
- 1484 sft
158- 3 Bed
- 2 Bath
- 1443 sft
Why Invest in Gresham, Oregon?
Gresham offers affordable entry points for real estate investors seeking properties under $500k in Oregon's fourth-largest city. With median home values around $465k and year-over-year appreciation of 5.7%, the market demonstrates solid growth potential. The city's strategic location 16 miles east of downtown Portland, combined with MAX Light Rail access and proximity to outdoor recreation, attracts steady buyer demand. Lower inventory levels create favorable conditions for sellers, while competitive market dynamics support rental income opportunities in this undervalued Portland suburb.
Frequently Asked Questions
As of December 2025, the median home price in Gresham is $465,000, with homes selling for an average of 43 days on market. Properties under $500k represent the majority of the market, offering accessible entry points for investors.
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