Summary

The Pine Street Apartments represent a unique value-add opportunity in the Rockwood neighborhood of Gresham, Oregon. The property is comprised 6 units, all of which are single level, duplex style units with extensive amenities. The units feature 2br/1ba floor plans, with a dedicated attached garage for each unit, Washer/Dryer hook ups in unit, fireplaces, and private back patios. The units are large and functional, and appeal to a diverse range of tenants, resulting in long-term & stable occupancy over the years.

The property has strong in place income (with an average rent of $1,461 as of August 2024), but also provides an investor with additional runway and upside as units turn and existing leases renew.

The Pine Street apartments present a rare chance to invest in a small apartment community, with strong in-place income – yet an operational value add opportunity and rent upside to be captured.