- For Sale $2,890,000
- Property Type Multi-Family
- Property Size 13,152 SF
- Lot Size 1.14 Acre
- # of Floors 2
- Parking Spaces Avail. 32
- Year Built 1978
- Year Renovated 2003
- Date Updated Jul 3, 2026
Description
Eastwood Estates presents an attractive multifamily investment opportunity in the heart of Gresham's established Rockwood submarket. This 21-unit apartment community is situated on approximately 1.14 acres and offers investors a well-maintained asset with stable occupancy, convenient access to public transportation, and proximity to major employment and retail corridors throughout East Multnomah County.
Originally constructed in 1978 and renovated in 2003, the property consists of a single two-story wood-frame building encompassing approximately 13,152 square feet. The community features a highly desirable unit mix of twenty 1-bedroom apartments and one 2-bedroom apartment, with average unit sizes of approximately 620 square feet. Tenant amenities include private balconies, heating, refrigerators, and ranges, while the property provides 32 surface parking spaces, equating to approximately 1.52 spaces per unit.
Strategically located near SE Burnside Street and major commuter routes, Eastwood Estates benefits from excellent transportation access, including walkable proximity to the Ruby Junction/E 197th MAX Station and the Rockwood/E 188th Transit Center. The surrounding area supports a strong renter population, with renter-occupied households comprising nearly 58% of households within a one-mile radius, reinforcing long-term rental demand fundamentals.
Positioned within one of Portland's most accessible eastside submarkets, Eastwood Estates offers investors the opportunity to acquire a stabilized multifamily asset with strong occupancy, efficient operations, and continued upside potential within a supply-constrained rental market.
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Contacts
Keller WIlliams Realty Portland Premiere
Location
Located at 19109 Southeast Yamhill Street, Portland, OR 97233, this property is part of the Rockwood neighborhood.
Keller WIlliams Realty Portland Premiere