- For Sale $5,900,000
- Property Type Other
- Units 49
- Year Built 1968
- Date Updated May 15, 2026
Description
Pinewood Station is a 49-unit multifamily community offering a highly stable, low-risk investment profile supported by extensive recent capital improvements and strong in-place operations. The property has undergone a comprehensive renovation program, including full crawl space remediation and major exterior upgrades such as new roofs, siding, windows, and paint, significantly reducing near-term capital requirements and positioning the asset for durable long-term ownership. Currently 100% occupied, the property features a well-balanced unit mix heavily weighted toward two-bedroom units, appealing to a broad renter base and supporting consistent demand. Strategically located near major employment hubs including Amazon’s Troutdale fulfillment center and the Safeway distribution facility, the asset benefits from a diverse and stable tenant base. Excellent connectivity via the MAX Blue Line and immediate access to I-84 and I-205 further enhances its accessibility across the Portland metro. Residents also enjoy proximity to dominant retail corridors and daily amenities, along with unparalleled access to the Columbia River Gorge and Mount Hood, reinforcing Pinewood Station’s strong market positioning and long-term rental appeal.
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Contacts
HFO Investment Real Estate | a Member of GREA
HFO Investment Real Estate | a Member of GREA