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Listed by SMI Commercial Real Estate LLC
$ 3,850,000
Est. payment | /mo
3 Beds
2 Baths
18,200 SqFt
$ 3,850,000
Est. payment | /mo
3 Beds
2 Baths
18,200 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,200 sqft
Price per Sqft $211
MLS Listing ID 693989464
Bedrooms 3
Year Built 1973
Annual Tax Amount $26,274
Tax Year 2025
Lot Size 1.150 Acres
Property Description
Hunter's Highland located at 1713 SE 9th St is a well-maintained, newly updated 23-unit apartment community in Gresham with a highly desirable two-bedroom unit mix and substantial recent capital improvements.Built in 1973, the property consists of (22) 2 Bed / 1 Bath units at approximately 800 square feet and (1) 1 Bed / 1 Bath unit at 600 square feet. Off-street parking, on-site laundry, and new private balconies provide attractive amenities that support broad tenant appeal. Ownership has completed a number of meaningful capital improvements, including new roofs, parking lot, siding, exterior paint, and stairs. These improvements meaningfully reduce near-term capital exposure and allow a new owner to focus on operations and income growth rather than high ticket capital expenses.The asset offers a straightforward path to additional upside, with several units currently below market rents and further rent potential available through proven renovations. This gives investors flexibility to pursue continued rent growth naturally or take a more active approach as units turn. Located outside the City of Portland, Hunter's Highland benefits from its Gresham location while maintaining convenient access throughout the broader Portland metro. The combination of a strong unit mix, significant recent improvements, practical tenant amenities, and clear income upside makes Hunter's Highland a compelling Gresham multifamily offering.
Location
Province OR
County Multnomah
Area _144
Zoning TR
Interior
Heating Other
Cooling Other
Exterior
Roof Type Other
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools East Gresham
Middle Schools Dexter Mccarty
High Schools Gresham
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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