Updated Sep 15, 2026
HFO Investment Real Estate Facilitates $10 Million Sale Of 78-Unit Applegate Apartments In Gresham
17726 Southeast Division Street
$10,000,000
Units
78
Asset Type
MultiFamily
Closing
Sep 14, 2026
About this deal
AI
The property asset involved in this transaction is Applegate Apartments, a multifamily community located at 17726 Southeast Division Street in Gresham, OR. The asset encompasses 3.1 acres and features 78 units, with a price per unit of $128,205, culminating in a total sale price of $10,000,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $10,000,000
- Address: 17726 Southeast Division Street
- Market: Gresham, OR
- Units: 78
- Price Per Unit: $128,205
- Brokers: Greg Frick & Jack Stephens - HFO Investment Real Estate
The transaction was arranged by HFO Investment Real Estate, facilitating the sale between two private local investors, demonstrating the involvement of notable brokers in the process.
On the Map
$10,000,000
MultiFamily
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Portland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93