Offering Memorandum

OM_Stark Street Station

Investment Summary

Price $4,750,000 Units 28
Cap Rate 5.16% Price per Unit $169,643
Year Built 1995 Avg. SF 693

Asset Overview

HFO is pleased to present Stark Street Station, a well-maintained, 28-unit apartment community located in Gresham, Oregon. Built in 1995, the property offers a balanced unit mix of 15 one-bedroom and 13 two-bedroom apartments, featuring in-unit washers and dryers, equipped kitchens, and private balconies or patios. The community also provides ten garages and additional off-street parking. With units in clean, move-in-ready condition, Stark Street Station presents investors with an opportunity to acquire an established, turnkey asset without the need for a comprehensive renovation program. Conveniently located approximately 0.2 miles from the Rockwood/E 188th Avenue MAX Light Rail Station, the property offers easy access to major employment centers, shopping, dining, and Interstate 84, supporting broad renter appeal and long-term investment potential.

Our Team

Gregory Frick
Gregory Frick
Partner
HFO Investment Real Estate | a Member of GREA
Will  Thompson

Will Thompson

Broker
HFO Investment Real Estate | a Member of GREA