Eastwood Estates - 19109-19123 SE Yamhill St

Eastwood Estates presents an attractive multifamily investment opportunity in the heart of Gresham's established Rockwood submarket.​ This 21-unit apartment community is situated on approximately 1.14 acres and offers investors a well-maintained asset with stable occupancy, convenient access to public transportation, and proximity to major employment and retail corridors throughout East Multnomah County.​

Originally constructed in 1978 and renovated in 2003, the property consists of a single two-story wood-frame building encompassing approximately 13,152 square feet.​ The community features a highly desirable unit mix of twenty 1-bedroom apartments and one 2-bedroom apartment, with average unit sizes of approximately 620 square feet.​ Tenant amenities include private balconies, heating, refrigerators, and ranges, while the property provides 32 surface parking spaces, equating to approximately 1.52 spaces per unit.​

Strategically located near SE Burnside Street and major commuter routes, Eastwood Estates benefits from excellent transportation access, including walkable proximity to the Ruby Junction/E 197th MAX Station and the Rockwood/E 188th Transit Center.​ The surrounding area supports a strong renter population, with renter-occupied households comprising nearly 58% of households within a one-mile radius, reinforcing long-term rental demand fundamentals.​

Positioned within one of Portland's most accessible eastside submarkets, Eastwood Estates offers investors the opportunity to acquire a stabilized multifamily asset with strong occupancy, efficient operations, and continued upside potential within a supply-constrained rental market.​