Multifamily Property for Sale in Portland, OR

  • Price: $2.9M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Portland, OR 97233
  • Size: 13,152 SF
  • Year built: 1978

Description

Eastwood Estates presents an attractive multifamily investment opportunity in the heart of Gresham's established Rockwood submarket.​ This 21-unit apartment community is situated on approximately 1.14 acres and offers investors a well-maintained asset with stable occupancy, convenient access to public transportation, and proximity to major employment and retail corridors throughout East Multnomah County.​ Originally constructed in 1978 and renovated in 2003, the property consists of a single two-story wood-frame building encompassing approximately 13,152 square feet.​ The community features a highly desirable unit mix of twenty 1-bedroom apartments and one 2-bedroom apartment, with average unit sizes of approximately 620 square feet.​ Tenant amenities include private balconies, heating, refrigerators, and ranges, while the property provides 32 surface parking spaces, equating to approximately 1.52 spaces per unit.​ Strategically located near SE Burnside Street and major commuter routes, Eastwood Estates benefits from excellent transportation access, including walkable proximity to the Ruby Junction/E 197th MAX Station and the Rockwood/E 188th Transit Center.​ The surrounding area supports a strong renter population, with renter-occupied households comprising nearly 58% of households within a one-mile radius, reinforcing long-term rental demand fundamentals.​ Positioned within one of Portland's most accessible eastside submarkets, Eastwood Estates offers investors the opportunity to acquire a stabilized multifamily asset with strong occupancy, efficient operations, and continued upside potential within a supply-constrained rental market.​ Building SF: 13152 | Land Size: 1.14 Ac | Year Built: 1978 | Listing Type: FOR SALE

Market Context

This multifamily in Portland, OR is listed for sale at $2,890,000 across 13,152 SF. The building dates to 1978. It has been on the market for 20 days. Compare it against other multifamily listings for sale in Portland, OR — <a href="/search/sale/multifamily/oregon/portland">view the full market</a>.

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