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1647 NE Market Dr
Fairview, OR 97024 Outlying Troutdale/Gresham

$750,000 USD

Apartments For Sale  •  4,353 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,353 SF
  • Lot Size 0.07 AC
  • Building Class B
  • Year Built 2005
  • Cap Rate 6.83 %
  • Zoning FV
30 Transit Score
60 Walk Score

Highlights

100% Occupied – Stable, long-term tenants
Newer construction with updated systems throughout
Located within Fairview’s downtown redevelopment zone

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $51,197 USD (2026)
Cap Rate: 6.83 %
Total Expenses: $20,547 USD

Major Tenants

Tenant SF Occupied Lease End Date
Beauty Is Skin Deep
Quad's Garden

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Microwave
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Carpet
  • Dining Room
  • Double Pane Windows
  • Office
  • Window Coverings
  • Large Bedrooms
  • Private Bathroom
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Portland International 18 min - 11.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
David Abrams 503-816-7167 Think Real Estate
David Abrams 503-816-7167 Think Real Estate