1020 183rd Ave Portland, OR 97230-6751

This exceptional 28-unit apartment building in Gresham, Oregon presents a compelling investment opportunity. Located at 1020 NE 183rd Ave, this 30,520 square foot property sits on a 2.44-acre lot and boasts a 5.47% cap rate. Built in 1995, the complex comprises fourteen two-story buildings, offering spacious two-bedroom, two-and-a-half-bathroom units. Each unit features an attached garage with direct access, a fully equipped kitchen with dishwasher and garbage disposal, a breakfast nook, a utility room with washer/dryer hookups, ample closet space, a wood-burning fireplace, and a private backyard patio. Residents enjoy central heating and off-street parking. The property's prime location in north Gresham provides easy access to major employers like Boeing, Albertsons Distribution, Amazon, and Subaru, as well as significant retail options, schools, and parks. Its proximity to I-84 ensures convenient connectivity to the greater Portland metro area. The asking price is $5,675,000, representing $202,679 per unit and $186 per square foot. Average rent per unit is $1,090. This well-maintained property offers a strong potential for both immediate and long-term returns. The combination of desirable amenities, convenient location, and strong rental income makes this a truly attractive investment.