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19109-19123 SE Yamhill St
Gresham, OR 97233
Eastwood Estates · Multifamily Property For Sale
·
21 Units
Executive Summary
Value-Add Lease-Up Opportunity
Currently operating at approximately 81% occupancy, Eastwood Estates offers investors immediate upside through the lease-up of vacant units, creating the opportunity to increase revenue and enhance overall asset performance.
Transit-Oriented Eastside Location
Situated within walking distance of the Ruby Junction MAX Station and Rockwood Transit Center, the property provides residents with convenient access to downtown Portland, regional employment centers, and major transportation corridors.
Strong Rental Demand Fundamentals
Located in a renter-dominated submarket with nearly 58% renter occupancy within a one-mile radius, Eastwood Estates benefits from established housing demand and favorable long-term multifamily fundamentals.
Attractive Rent Growth Potential
The property's current rental income presents a clear path toward increased cash flow through market-supported rent adjustments, positioning investors to capture meaningful revenue growth over time.
Currently operating at approximately 81% occupancy, Eastwood Estates offers investors immediate upside through the lease-up of vacant units, creating the opportunity to increase revenue and enhance overall asset performance.
Transit-Oriented Eastside Location
Situated within walking distance of the Ruby Junction MAX Station and Rockwood Transit Center, the property provides residents with convenient access to downtown Portland, regional employment centers, and major transportation corridors.
Strong Rental Demand Fundamentals
Located in a renter-dominated submarket with nearly 58% renter occupancy within a one-mile radius, Eastwood Estates benefits from established housing demand and favorable long-term multifamily fundamentals.
Attractive Rent Growth Potential
The property's current rental income presents a clear path toward increased cash flow through market-supported rent adjustments, positioning investors to capture meaningful revenue growth over time.
Property Facts
| Price Per Unit | $137,619 | Lot Size | 1.14 AC |
| Sale Type | Investment | Building Size | 13,152 SF |
| Cap Rate | 4.09% | Average Occupancy | 90% |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1978/2003 |
| Property Subtype | Apartment | Parking Ratio | 1.52/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RTC - Multi Family Dwelling | ||
| Price Per Unit | $137,619 |
| Sale Type | Investment |
| Cap Rate | 4.09% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.14 AC |
| Building Size | 13,152 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2003 |
| Parking Ratio | 1.52/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RTC - Multi Family Dwelling |
Amenities
Unit Amenities
- Balcony
- Heating
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 620 |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | R153601 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,239,570 |
Property Taxes
Parcel Number
R153601
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,239,570
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