Halsey Summit Apartments 17014-17062 NE Halsey St 62 Unit Apartment Building $8,850,000 ($142,742/Unit) 6.03% Cap Rate Portland, OR 97230

» Capital Improvements Reduce Near-Term Capital Exposure
Ownership has completed significant exterior and infrastructure upgrades,
including replacement of the water main and full roof replacements. These
major capital improvements materially reduce near-term capital expenditure
risk and provide investors with increased operational certainty and lower
ongoing maintenance requirements.
» Efficient 62-Unit Scale in Supply-Constrained East Portland Submarket
The Property’s 62-unit scale offers operational efficiency and meaningful
income generation while remaining accessible to a broad range of private and
institutional investors. Mid-sized assets in established suburban locations such
as Gresham continue to benefit from durable renter demand and limited new
competing supply.
» Strategic Eastside Access to Major Job Hubs
Situated in Gresham, one of Portland’s largest and fastest-growing suburban
cities, the Property provides residents with convenient access to major
regional employment hubs throughout East Portland, Downtown Portland, and
the broader metro area. The location offers an attractive balance of suburban
livability and urban accessibility.
» Excellent Connectivity to PDX & Regional Transit
The Property benefits from close proximity to Portland International Airport
(PDX), one of the region’s largest employment centers and a major driver of
economic activity. Immediate access to Interstate 84 and key arterial corridors
provides efficient connectivity throughout the Portland metropolitan area,
enhancing renter appeal and long-term demand stability.
» Transit-Oriented Location Supporting Long-Term Rental Demand
The Property is located near TriMet bus lines and MAX Light Rail service,
providing residents with convenient public transit options and connectivity to
major employment, retail, and commercial districts. Transit-oriented locations
historically experience stronger occupancy, broader renter demand, and
enhanced long-term investment durability.
» Access to Established Retail, Services, and Lifestyle Amenities
Residents benefit from proximity to major retail centers, grocery stores, dining,
and everyday conveniences throughout Gresham and East Portland. The
surrounding area offers access to parks, schools, and essential services,
supporting strong renter retention and reinforcing the Property’s position within
a highly livable and desirable residential submarket.