Log In/Sign Up
Your email has been sent.
Gresham Park Apartments 805 NE Kane Dr 51 Unit Apartment Building $8,500,000 ($166,667/Unit) 6.88% Cap Rate Gresham, OR 97030
EXECUTIVE SUMMARY
Introducing Gresham Park Apartments, a 51-unit multifamily community offering
spacious two- and three-bedroom homes in Gresham, OR. Gresham Park offers
amenities including fully equipped kitchens with a dishwashers, designated
dining area, in-unit washer and dryer, hardwood-style flooring, ceiling fans, and
a fireplace. Residents also enjoy private outdoor space with either a patio or
balcony. Community amenities include a playground, basketball court, off-street
parking, and optional garages.
Ideally located just minutes from Gresham’s thriving city center, Gresham Park
Apartments provides excellent access to everyday essentials, shopping, and
employment. The property is near two of the city’s largest retail destinations—
Gresham Station and Gresham Town Fair—featuring more than 140 stores,
restaurants, and services. Less than a mile away, Mt. Hood Community College
serves 28,000 students and employs over 1,800 staff, making the area a hub
for educational and commuter activity. The property also benefits from proximity
to Gresham’s key employment corridor, home to major employers like Boeing,
Amazon, and Microchip Technology, offering strong rental demand and long-term
investment potential.
spacious two- and three-bedroom homes in Gresham, OR. Gresham Park offers
amenities including fully equipped kitchens with a dishwashers, designated
dining area, in-unit washer and dryer, hardwood-style flooring, ceiling fans, and
a fireplace. Residents also enjoy private outdoor space with either a patio or
balcony. Community amenities include a playground, basketball court, off-street
parking, and optional garages.
Ideally located just minutes from Gresham’s thriving city center, Gresham Park
Apartments provides excellent access to everyday essentials, shopping, and
employment. The property is near two of the city’s largest retail destinations—
Gresham Station and Gresham Town Fair—featuring more than 140 stores,
restaurants, and services. Less than a mile away, Mt. Hood Community College
serves 28,000 students and employs over 1,800 staff, making the area a hub
for educational and commuter activity. The property also benefits from proximity
to Gresham’s key employment corridor, home to major employers like Boeing,
Amazon, and Microchip Technology, offering strong rental demand and long-term
investment potential.
PROPERTY FACTS
| Price | $8,500,000 | Building Class | B |
| Price Per Unit | $166,667 | Lot Size | 2.11 AC |
| Sale Type | Investment | Building Size | 45,840 SF |
| Cap Rate | 6.88% | Average Occupancy | 92% |
| No. Units | 51 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1991 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | MDR24 | ||
| Price | $8,500,000 |
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| Cap Rate | 6.88% |
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.11 AC |
| Building Size | 45,840 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1991 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | MDR24 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Carpet
- Deck
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Playground
- Property Manager on Site
- Tenant Controlled HVAC
- Basketball Court
- Pet Play Area
- Storage Space
- Maintenance on site
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 33 | - | 800 |
| 3+2 | 18 | - | 1,080 |
1 1
PROPERTY TAXES
| Parcel Number | R339544 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,536,590 |
PROPERTY TAXES
Parcel Number
R339544
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,536,590
1 of 54
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Gresham Park Apartments | 805 NE Kane Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.