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Pinewood Station

16300 E Burnside St., Gresham , Oregon 97233

$6,200,000

Status:
Available
County:
Multnomah
Units:
49
Year Built:
1968
Unit Price:
$126,531
Land Size:
2.17 Acres
Building Size:
40,520 sq. ft.
Price per SF:
$153
CAP Rate:
5.98%
Unit Mix:

Eight (8) one-bedroom, one-bathroom, 40 two-bedroom, one-bathroom, and one (1) four-bedroom, two-bathroom units. 

Floors:
2
Laundry Room:
2
Pool:
Heated
Patio Deck:
Yes
Property Photo

Introducing Pinewood Station, a 49-unit apartment community in Gresham, OR. Boasting one-, two-, and four-bedroom apartments, each unit features fully-equipped kitchens with dishwashers, as well as inviting patios and balconies.  The property offers residents a seasonal heated pool, two on-site laundry rooms, ample off-street parking, and on-site management. 

Strategically positioned at the intersection of NE Burnside and NE 162nd Ave, Pinewood Station offers easy accessibility to major retailers and dining options at nearby shopping centers such as 205 Place and Gresham Station. The property enjoys proximity to key employers like Amazon and Albertsons. With TriMet MAX Light Rail and multiple bus lines right at its doorstep, residents benefit from seamless connectivity to the wider Portland metro area, making commuting a breeze. With its prime location outside of Portland city limits and value-add potential through renovation, Pinewood Station presents an exceptional investment opportunity in the thriving Gresham rental market.

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49
Units
1968
Year Built
40,520
SQ. FT.

Property Location