» Over $1,000,000 in Recent Capital Improvements Pinewood Station has undergone comprehensive capital improvements including full crawl space upgrade with new posts, beams, vapor barriers, insulation, and sump pumps. The property has also received new roofs across the entire community (2016, 2017, & 2019), new siding, windows, patios, gutters, and fresh exterior paint on all buildings positioning the asset for years of reduced capital expenditure needs. » Strong Occupancy and Stable Unit Mix The property is 100% occupied across 49 units comprising a desirable mix of 8 one-bedroom/one-bath, 40 two-bedroom/one-bath, and 1 four-bedroom/two-bath unit. The concentration of two-bedroom units appeals to a broad renter base including small families, roommates, and working professionals seeking. » Proximity to Major Employers and Distribution Hubs Pinewood Station benefits from its location near several major employment centers, including Amazon’s 855,000-square-foot robotics fulfillment center in nearby Troutdale employing over 2,000 full-time workers, and the Albertsons/Safeway regional distribution center in Gresham. Gresham’s diverse economy spans retail, healthcare, manufacturing, and education, providing a deep and stable tenant employment base. » Excellent Transit Connectivity and Freeway Access The property is well-served by TriMet’s MAX Blue Line light rail, with nearby stations at Gresham Central Transit Center and Cleveland Avenue providing direct service to downtown Portland, Beaverton, and Hillsboro with trains running every 15 minutes or less throughout the day. Residents also enjoy convenient access to I-84 and I-205, connecting them to Portland International Airport and employment centers across the metro. » Thriving Retail and Community Amenities Residents are minutes from Gresham’s primary retail corridors along Burnside Road, including the Oregon Trail Shopping Center (Marshalls, Big 5 Sporting Goods, Chipotle, Dollar Tree) and Gresham Station, a 500,000-square-foot mixed-use shopping destination. Gresham Square Shopping Center sits at the intersection of Burnside and Eastman Parkway, offering additional dining, medical, and retail services. » Gateway to Oregon’s Premier Outdoor Recreation Gresham is Oregon’s fourth-largest city and the second-largest in the Portland metro, offering residents an ideal balance of urban convenience and outdoor access. The property sits at the gateway to Mount Hood, Multnomah Falls, and the Columbia River Gorge National Scenic Area a lifestyle amenity that differentiates this location and drives sustained rental demand from outdoor enthusiasts and families alike.