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Foothills Apartment Living 17101 Ruben Ln 69 Unit Apartment Building For Sale Sandy, OR 97055
Investment Highlights
- NEW CONSTRUCTION QUALITY Modern, high-quality construction with luxury finishes.
- RENT VS. OWN ADVANTAGE Average home prices exceeding $568,000 create a strong rent-versus-own dynamic that supports sustained rental demand.
- REGIONAL EMPLOYMENT DRIVERS Proximity to major employers OHSU, Portland State University, Amazon, and regional logistics hubs underpins rental demand.
- SUPPLY-CONSTRAINED MARKET Sewer moratorium, elevated construction costs, and zero projected apartment deliveries in 2026.
- AFFLUENT DEMOGRAPHICS More than half of nearby households earn over $100,000 annually.
- STRATEGIC METRO ACCESS Located approximately 11 miles from Gresham, 25 miles from downtown Portland, and 30 miles from Vancouver, WA via Highway 26.
Executive Summary
Berkadia is pleased to announce it has been retained as the exclusive listing broker for Foothills Apartment Living in Sandy, OR.
Foothills is a 69-unit, garden-style apartment community constructed in 2022, offering one- and two-bedroom homes averaging 904 square feet. The community features modern interior finishes, stainless steel appliances, hard surface countertops, and luxury vinyl plank flooring—catering to a high-end tenant demographic, as reflected by the asset’s in-place rents and operations.
Situated due west of Downtown Sandy, Foothills is nestled between residential homes and open green space, providing residents with a quiet and private lifestyle.
The Sandy market is highly supply-constrained, presenting qualified buyers with the rare opportunity to acquire a newly constructed asset in one of the Pacific Northwest’s highest barrier-to-entry submarkets. Further supporting the investment thesis, Sandy’s active sewer moratorium significantly limits potential for near-term new development.
Foothills represents a compelling opportunity for both local and national investors looking to grow their secondary market footprint, with the ability to acquire a stabilized asset that provides both durable cash flow and long-term value preservation—in a market where new competition is structurally constrained.
Foothills is a 69-unit, garden-style apartment community constructed in 2022, offering one- and two-bedroom homes averaging 904 square feet. The community features modern interior finishes, stainless steel appliances, hard surface countertops, and luxury vinyl plank flooring—catering to a high-end tenant demographic, as reflected by the asset’s in-place rents and operations.
Situated due west of Downtown Sandy, Foothills is nestled between residential homes and open green space, providing residents with a quiet and private lifestyle.
The Sandy market is highly supply-constrained, presenting qualified buyers with the rare opportunity to acquire a newly constructed asset in one of the Pacific Northwest’s highest barrier-to-entry submarkets. Further supporting the investment thesis, Sandy’s active sewer moratorium significantly limits potential for near-term new development.
Foothills represents a compelling opportunity for both local and national investors looking to grow their secondary market footprint, with the ability to acquire a stabilized asset that provides both durable cash flow and long-term value preservation—in a market where new competition is structurally constrained.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 10.50 AC |
| No. Units | 69 | Building Size | 62,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2022 |
| Building Class | B | Parking Ratio | 2.06/1,000 SF |
| Zoning | R3 | ||
| Sale Type | Investment |
| No. Units | 69 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 10.50 AC |
| Building Size | 62,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 2.06/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Tub/Shower
- Walk-In Closets
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Walking/Biking Trails
- Wi-Fi
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 21 | $1,735 | 741 |
| 2+2 | 48 | $2,100 | 976 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01644894 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $8,327,430 (2025) |
Property Taxes
Parcel Number
01644894
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$8,327,430 (2025)
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Foothills Apartment Living | 17101 Ruben Ln
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