Applegate Apartments

Applegate Apartments is a 78-unit multifamily community located along the high-visibility SE Division Street corridor in Gresham, Oregon, offering investors a well-maintained asset with reduced near-term capital needs and strong long-term fundamentals. Current ownership has completed significant exterior improvements, including new siding, roofing, and windows, positioning the property for operational focus rather than deferred maintenance. Built in 1979, the property combines durable construction with modernized exterior systems and is situated within a dense, established East Portland/Gresham submarket supported by consistent renter demand, accessible transportation corridors, and proximity to key retail and employment centers. The asset presents an opportunity to capitalize on stable tenancy within a proven location while benefiting from continued demand drivers in one of the Portland metro area’s most resilient workforce housing markets.