Listing courtesy of Gordon Properties.
Great, 16 unit Gresham apartment complex with on site laundry and plenty of parking. Priced to sell at $150k per unit, you will find this property very competitive. Great occupancy history. Two units recently remodeled and several others greatly updated. Current Cap rate is low due to two units being empty for over a year caused by two separate water damage losses. With them finished and soon to be rented, the Cap rate should end up at 4.8 for 2025. NOT IN PORTLAND! This is a Gresham property with a Portland address. Don't be fooled! You are not bound by Portland rental requirements. Not all two bed nor one bed units rent for the same amount.
Great, 16 unit Gresham apartment complex with on site laundry and plenty of parking. Priced to sell at $150k per unit, you will find this property very competitive. Great occupancy history. Two units recently remodeled and several others greatly updated. Current Cap rate is low due to two units being empty for over a year caused by two separate water damage losses. With them finished and soon to be rented, the Cap rate should end up at 4.8 for 2025. NOT IN PORTLAND! This is a Gresham property with a Portland address. Don't be fooled! You are not bound by Portland rental requirements. Not all two bed nor one bed units rent for the same amount.
Multifamily
--
1964
2
--
0.69
Active
55
13,514 Sq. Ft.
30,056 Sq. Ft.
Location
- No
- Baseboard, WallHeater
Chris Gordon
Gordon Properties
Multnomah
388817085
CloseOfEscrow
This content last updated on 05/06/2025 12:43 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Average List Price
$390,410
5%
Average Sale Price
$391,951
6%
Days on Market
51
12%
Homes Sold
61
7%
Median List Price
$399,000
3%
Median Sale Price
$403,000
3%
Sale/Price Ratio
100%
0%
Homes for Sale
65
19%
Nearby homes for sale
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Realoq Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS, Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on 05/06/2025 12:43 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Listing content is © 2025 RMLS, Portland, Oregon.
MLS Search Powered by Home Junction.