805 NE Kane Dr - Apartments FOR SALE


Gresham, OR 97030- Powell Valley
$9,800,000 USD
503-998-7413
805 NE Kane Dr, Gresham, OR for Sale
$9,800,000 USD
Apartments - FOR SALE
1/51
null | 5.76% Cap Rate

805 NE Kane Dr
Gresham, OR 97030
Powell Valley


OVERVIEW

Introducing Gresham Park Apartments, a 51-unit multifamily community offering spacious two- and three-bedroom homes in Gresham, OR. Gresham Park offers amenities including fully equipped kitchens with a dishwashers, designated dining area, in-unit washer and dryer, hardwood-style flooring, ceiling fans, and a fireplace. Residents also enjoy private outdoor space with either a patio or balcony. Community amenities include a playground, basketball court, off-street parking, and optional garages. Ideally located just minutes from Gresham’s thriving city center, Gresham Park Apartments provides excellent access to everyday essentials, shopping, and employment. The property is near two of the city’s largest retail destinations— Gresham Station and Gresham Town Fair—featuring more than 140 stores, restaurants, and services. Less than a mile away, Mt. Hood Community College serves 28,000 students and employs over 1,800 staff, making the area a hub for educational and commuter activity. The property also benefits from proximity to Gresham’s key employment corridor, home to major employers like Boeing, Amazon, and Microchip Technology, offering strong rental demand and long-term investment potential.

FOR SALE DETAILS

PRICE

$9,800,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

51

PRICE/UNIT

$192,157

CAP RATE

5.76%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gresham Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

73

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

MDR24

APN/PARCEL ID

R339544

ASK ABOUT THIS PROPERTY

Rob MartonHFO Investment Real EstateMore Info
503-998-7413

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Rob MartonHFO Investment Real EstateMore Info
503-998-7413

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.