Contacts
HFO Investment Real Estate | a Member of GREA
HFO Investment Real Estate | a Member of GREA
Property Details
- Property Type Other
- Units 78
- Year Built 1979
- Date Updated May 18, 2026
Applegate Apartments is a 78-unit multifamily community located along the high-visibility SE Division Street corridor in Gresham, Oregon, offering investors a well-maintained asset with reduced near-term capital needs and strong long-term fundamentals. Current ownership has completed significant exterior improvements, including new siding, roofing, and windows, positioning the property for operational focus rather than deferred maintenance. Built in 1979, the property combines durable construction with modernized exterior systems and is situated within a dense, established East Portland/Gresham submarket supported by consistent renter demand, accessible transportation corridors, and proximity to key retail and employment centers. The asset presents an opportunity to capitalize on stable tenancy within a proven location while benefiting from continued demand drivers in one of the Portland metro area’s most resilient workforce housing markets.
Reach out to the broker for more info on lease terms and amenities
Getting around
-
71/100
Walk Score ®
-
43/100
Transit Score ®
-
84/100
Bike Score ®
Location
- City Gresham, OR
- Zip Code 97030
Points of Interest
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Cleveland Avenue
2.99 miles
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Southeast Main Street
4.14 miles
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Southeast Powell Boulevard
4.22 miles
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Southeast Holgate Boulevard
4.28 miles
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Lents Town Center/Southeast Foster Road
4.52 miles
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Southeast Grand & Mill
8.76 miles
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Southeast Martin Luther King & Mill
8.82 miles
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Southeast Martin Luther King & Taylor
8.84 miles
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Northeast 7th & Holladay
8.84 miles
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Southeast Water/OMSI
8.88 miles
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Shell
0.20 miles
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76
0.25 miles
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Arco
0.82 miles
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Chevron
0.86 miles
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Safeway
1.14 miles
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Union 76
1.28 miles
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Space Age
1.71 miles
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Blink
3.08 miles
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PGE Electric Avenue Eastport Plaza
4.78 miles
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Volta
5.11 miles
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E 181st Ave
1.19 miles
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Walgreens parking lot
1.67 miles
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Gresham Parking Garage
2.66 miles
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Cleveland Avenue Park & Ride
2.97 miles
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E 122nd/Menlo Park
2.99 miles
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Leach Botanical Garden Car Parking
3.35 miles
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Leach Botanical Gardens Compact Vehicle Car Park
3.41 miles
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Leach Auxiliary Parking
3.47 miles
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Parking Lot D
4.04 miles
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Parking Lot PL
4.04 miles
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Cedarville Lodge
1.24 miles
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Four Points by Sheraton
2.22 miles
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Bridgeway Inn & Suites
2.45 miles
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My Place Hotel
2.47 miles
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Extended Stay America
2.52 miles
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Courtyard Portland East
2.71 miles
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WoodSpring Suites Portland North Gresham
2.79 miles
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Hampton
2.81 miles
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Ponderosa Inn
2.89 miles
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Motel 6
3.05 miles
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Ross
0.78 miles
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Grocery Outlet
0.91 miles
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Bi-Mart
0.98 miles
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Walmart Neighborhood Market
1.15 miles
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Su Casa Super Mercado
1.30 miles
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Albertsons
1.47 miles
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Fred Meyer
1.57 miles
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Europa PDX
1.86 miles
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Don Pancho's Tienda Mexicana
2.08 miles
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Natural Grocers
2.23 miles