American Village of The Dalles

The Dalles, Oregon, located 75 miles east of Portland along the Columbia River Gorge, offers multifamily investors a compelling balance of stability and growth potential. With a 2020 population of just over 16,000, The Dalles serves as the commercial hub of Wasco County and the largest city on the Columbia River outside the Portland metro area. The city benefits from a diversified economy anchored by healthcare, education, agriculture, and technology, including Google’s major data center, which has solidified The Dalles as a long-term employer and economic driver. The area’s relatively affordable housing compared to Portland, combined with strong rental demand from a growing workforce and regional institutions such as Columbia Gorge Community College and Adventist Health Columbia Gorge, creates attractive fundamentals for multifamily investment. Additionally, the city’s position within the Columbia River Gorge National Scenic Area enhances its appeal as both a place to live and work, supporting long-term tenant retention and steady rent growth.This 48-unit multifamily community comprises eight buildings situated on 3.12 acres, encompassing approximately 45,732 rentable square feet with an average unit size of 953 square feet. Constructed in 1971, the property offers an attractive unit mix of forty- two (42) two-bedroom, 1.5 bath units averaging 928 square feet, and six (6) three-bedroom, 1.5-bath units—three at 1,066 square feet and three at 1,186 square feet. Current rents range from $1,200 to $1,635 per month, producing approximately $68,390 in monthly income, with market potential reaching up to $71,760. With consistently high occupancy, solid in-place income, and tangible upside through rent growth and renovations, this asset represents a compelling investment opportunity in a strong and established suburban market.