Introducing Fircrest Apartments. The property is priced to sell and features spacious, larger-than-market units, ample onsite parking, and a community laundry room, with select units also offering the convenience of an in-unit washer and dryer. The property has also seen several significant capital improvements in recent years, including upgraded electrical panels, updated windows and doors, and renovated units featuring new cabinets and quartz countertops. The apartments boast a desirable unit mix made up of twenty-six(26) two-bedroom units and one(1) three-bedroom unit. Unit sizes range from approximately 917 square feet on the two-bedroom units to approximately 984 square feet on the three-bedroom unit. consisting of three (3) two-story buildings comprising 27 total units on a low density ± 1.36 acre site. Desirable investment with mostly commercial spaces surrounding the property.
North Gresham, located between NE Glisan Street and SE Stark Street, is a residential and commercial Gresham neighborhood with broad arterial corridors and pocket parks. The neighborhood’s energy concentrates around the NE 181st Avenue and NE Glisan Street crossroads, where storefront plazas, international groceries, and everyday services line the sidewalks. Mt. Hood Community College’s Maywood Park campus adds a steady academic pulse nearby. The Gresham History Museum and the Center for the Arts Foundation connect the area to local storytelling and performance. Housing trends toward mid-century ranches, split-levels, and newer townhome clusters, set along wide streets and cul-de-sacs. Nadaka Nature Park and the Springwater Corridor shape an outdoors-forward routine with wooded trails and bike commuting.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Deck storage
Bedrooms
Units with 2 bedrooms (26 units)
Units with 3 bedrooms (1 unit)
Bathrooms
Units with 1 bathroom
Kitchen
Dishwasher
Range
Refrigerator
Laundry & utility
On-site laundry
Heating & cooling
Baseboard heating
Wall heaters
Wall cooling units
Exterior features
Level lot
Trees
All landscaping
Public paved road access
Home design
Multi Family property
Not attached
No view
Parking
Off-street open parking
Construction
1969 year built
Composition roof
Brick exterior
Cement siding
Vinyl siding
Other exterior materials
Utilities
Electric hot water
Electric fuel
Public water
Public sewer
HOA & community
Community laundry
Community landscaping
Zoned CMU
Financial info
27 total units
Unit type 1: 26 units, 2 beds, 1 bath, actual rent $1,474
Unit type 2: 1 unit, 3 beds, 1 bath, actual rent $1,795
Rent includes water, sewer, and trash collection
Cap rate 7.01
Gross rent multiplier 8.23
Other
Parcel number R321343
Electricity and solar
View estimated energy costs and solar savings for this home
This district designation is applied to certain clusters of properties along Transit Streets. In addition to moderate-density residential uses, the CMU district permits small-scale commercial uses and mixed-use developments. Commercial businesses operating in this district will serve primarily the day-to-day needs of residents in nearby housing developments and neighborhoods. Design standards in Section 7.0400 for duplexes, triplexes, quadplexes, and townhouses, and in Section 7.0100 for new construction and remodels which meet the thresholds described in Section 7.0003 will help to ensure that new buildings become attractive additions to existing and developing neighborhoods.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Multiple units
Housing-Other
Infrastructure-Other
Mixed use
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 93° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
23 unhealthy days expected this year, 27 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97230
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 19511 NE Halsey St
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