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Evergreen Gardens

19201-19213 SE Yamhill St , Portland, OR 97233

  • For Sale $3,700,000
  • City Portland
  • Neighborhood Rockwood
  • Zip Code 97233
  • Market Portland
  • Property Type Multi-Family
  • Property Size 16,560 Sqft
  • Lot Size 1.43 Acre
  • Year Built 1975
  • Date Updated 21 Apr, 2021
The property is situated in a quiet section of Rockwood. Neighboring properties consist of condos, single family homes, and other well-kept apartment complexes. Over the last two years, the neighborhood within half mile has seen significant growth thanks to an influx of capital into upgrading retail, office, and multifamily assets. Several new properties have been placed into service and have leased up very well showing strong demand in the area for all levels of finish quality. The submarket and specifically Yamhill street is still affordable yet trending in an upward direction. The area around the property boasts several public spaces including Yamhill Neighborhood Park and Vance Park and major employers such as Kaiser Permanente, Multnomah County and Microchip Technology Inc. The property is also served by easy access to Dutch Bros Coffee, Albertsons, Natural Grocers, Fred Meyers, and major retail centers such as Gresham Station and Rockwood Plaza. Rockwood originally held a Ten Mile Inn that was a standard stage coach stop. In the 1980's it was annexed into the city of Gresham. The property is located near the Rockwood Kaiser Permanente campus, Gresham High School, and the Gresham Station Retail Center.
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Contacts

Ryan Imbrie, CCIM

SVN | Imbrie Realty

(503) 208-9403

Highlights

  • Bread and Butter Units
  • Room to push rents with a modest upgrade
  • Newer building systems
  • Minimal capex in the foreseeable future

FREQUENTLY ASKED QUESTIONS

What is the lease rate for Evergreen Gardens?

Rental asking rate at Evergreen Gardens is Subject To Offer per square foot.

What is the total square footage of Evergreen Gardens?

Evergreen Gardens totals 16,560 square feet.

When was this property built?

Evergreen Gardens was built in 1975.

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Attachments

Contact Listing Broker

Ryan Imbrie, CCIM

SVN | Imbrie Realty

(503) 208-9403

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