Welcome to the Fran-Mar Apartments, located at the end of a quiet cul-de-sac in the heart of Gresham. This unique property offers 11 well-maintained duplex units in
one of the area's most convenient locations. Each apartment is 890 square feet, with 2 bedrooms and 1 bathroom, and dedicated yard space. Spacious living rooms
open onto private back patios, creating an inviting indoor-outdoor flow that tenants love. Substantial interior and exterior improvements, including the renovation of
13 units, position this asset for reduced near-term capital needs.
The location is truly what sets this property apart. Residents enjoy proximity to Historic Downtown Gresham and Gresham Station with easy access to the MAX,
multiple bus lines, and the new Trader Joe’s. A nearby golf course, the Gresham Farmer’s Market, and proximity to Mt. Hood offer additional recreation options.
Beyond the strong fundamentals, this property presents an excellent future condo conversion opportunity—offering investors both stable cash flow today and
significant upside potential tomorrow.