Great, 16 unit Gresham apartment complex with on site laundry and plenty of parking. Priced to sell at $137.5k 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.
Sold
Zillow last checked:
Listing updated:
Bought with:
OR and WA Non Rmls, NA
Non Rmls Broker
Source: RMLS (OR),MLS#: 388817085
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2025 | Sold | $1,700,000-22.7%$126/sqft |
Source:  RMLS (OR) #388817085 Report a problem | ||
| 6/18/2025 | Pending sale | $2,200,000$163/sqft |
Source: RMLS (OR) #388817085 Report a problem | ||
| 5/2/2025 | Price change | $2,200,000-8.3%$163/sqft |
Source: RMLS (OR) #388817085 Report a problem | ||
| 3/2/2025 | Listed for sale | $2,400,000$178/sqft |
Source: RMLS (OR) #388817085 Report a problem | ||
| 1/16/2018 | Listing removed | $925 |
Source: Gordon Properties Inc. Report a problem | ||
| 1/12/2018 | Listed for rent | $925+3.4% |
Source: Gordon Properties Inc. Report a problem | ||
| 12/11/2015 | Listing removed | $895 |
Source: Gordon Properties Inc. Report a problem | ||
| 11/12/2015 | Price change | $895-5.8% |
Source: Gordon Properties Inc. Report a problem | ||
| 11/5/2015 | Listed for rent | $950 |
Source: Gordon Properties Inc. Report a problem | ||
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