Skip to Main Content

Pine Wood Commons

2710 NE Division Street, Gresham, Oregon 97030

$6,900,000

Status:
In Contract
County:
Multnomah
Units:
39
Year Built:
1978
Unit Price:
$176,923
Land Size:
2.34 Acres
Building Size:
32,060 sq. ft.
Price per SF:
$215
CAP Rate:
5.39%
Unit Mix:

Thirty-nine (39) units consisting of four (4) 1-bed and thirty-five (35) 2-bedrooms.

Floors:
2
Open Parking:
Yes
Laundry Room:
Yes
WD in unit:
Bottom floor units
Rental Office:
Central
On Site Manager:
Yes
Siding:
Wood
Roof Type:
Pitched Comp
Fireplace:
Select
Patio Deck:
Select units
Property Photo

The majority of Pine Wood Apartments floor plans - approximately 90% - are 843 sq ft two-bedrooms. All of the upstairs two bedrooms have wood-burning fireplaces and partially vaulted ceilings in the living areas. Ground floor units have washer/dryer hookups, and upstairs units could be retrofitted for stackable laundry appliances. Select units have a deck or enclosed private patio. Recent updates include windows and retrofitted electrical panels. The property has a common area laundry and centrally located manager's office. Rents are trending upward. The property is convenient to Mt. Hood Community College and downtown Gresham.

39
Units
1978
Year Built
32,060
SQ. FT.

Property Location