Burnside Firs 17440 E Burnside St 24 Unit Apartment Building $3,550,000 ($147,917/Unit) Portland, OR 97233

Burnside Firs Apartments presents a prime investment opportunity in the dynamic Rockwood neighborhood of Portland, Oregon. This well-maintained multifamily asset combines strong financial performance with significant growth potential, making it an attractive addition to any investment portfolio. These metal framed buildings house 24 units, consisting of flats and townhouse style units, which have recently been updated with new siding, paint, gutters, and fences. With historically great occupancy, a new investor can choose to improve unit interiors or just operate normally and continue to bring all units to market rents upon turnover. Tenants tend to stay because of its tranquil setting and meticulous appearance. Positioned in one of Portland’s most rapidly evolving areas, Burnside Firs benefits from recent community revitalization efforts that foster a diverse and inclusive environment. Investors will appreciate its stable cash flow, potential for long-term appreciation, and the opportunity to capitalize on Rockwood’s continued transformation. Rockwood, located in Gresham, Oregon, is a compelling choice for real estate investment. The property’s location on the MAX streetcar line, presents a strategic location that offers a balance of suburban tranquility and urban accessibility, with convenient connections to downtown Portland and major transportation routes. The neighborhood’s ongoing redevelopment, growing economy, and strong rental demand create a favorable market for multifamily assets. Residents enjoy a vibrant cultural scene, abundant recreational amenities, and proximity to educational institutions, all of which contribute to sustained housing demand.