Portland · Commercial sale
Normady & Norton Properties buy 400 NE Roberts Ave in Gresham for $1.75 million
A medical office building at 400 NE Roberts Ave, Gresham sold for $1,750,000 on August 28, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $1,750,000
- Sold
- August 28, 2026
- Property type
- Medical office building
- Building area
- 6,573 sq ft
- Price per sq ft
- $266
- Year built
- 1969
A medical office building at 400 NE Roberts Ave in Gresham sold for $1,750,000 on August 28, 2026, 18% below its $2,136,800 market value on record, according to the Multnomah County Assessor's sales records.
The record lists Normady & Norton Properties LLC as the buyer. The deed conveys 2 parcels; 400 NE Roberts Ave is the largest one identified.
The Assessor's records show 6,573 square feet of building area, a 1969 construction date and a 12,000-square-foot lot. At that size, the price works out to $266 per square foot.
What this sale costs to close
What does closing cost at this price? Under Multnomah County custom the seller's larger charges are $4,350 for the owner's title insurance policy and $650 for the escrow fee. The seller's estimated net is $1,742,394 before brokerage commissions and any loan payoff. A cash buyer would need about $1,748,200 at closing.
Source: Multnomah County Assessor, via PortlandMaps taxlots, document R221448-20260828. Property details: Multnomah County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
