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Gladstone Terrace Apartments 5625 SE Gladstone St 14 Unit Apartment Building $2,833,817 CAD ($202,416 CAD/Unit) 6.40% Cap Rate Portland, OR 97206
Investment Highlights
- On-site laundry room with bike storage (new machines recently)
- Community garden beds
- Walk-in closets
- Off-street parking
- Fully replaced plumbing last year
Executive Summary
Gladstone Terrace Apartments is a 14-unit multifamily property located at 5625 SE Gladstone St in Portland, OR, within the Creston-Kenilworth neighborhood. Built in 1972, the property contains approximately 8,208 SF on an approximately 0.33-acre site. Built as a wood frame courtyard building with a pitched composite roof and a concrete perimeter crawlspace, current ownership has completed recent improvements which include all new plumbing in 2025, some electrical upgrades, newer cement board
siding, vinyl windows, newer garbage enclosure, and new onsite laundry machines under a new contract. The building is awaiting a new owner to continue the improvements to the interior of the units and improve the returns accordingly. This well-kept gem offers tenants access to everyday amenities, off-street parking, and community garden beds.
siding, vinyl windows, newer garbage enclosure, and new onsite laundry machines under a new contract. The building is awaiting a new owner to continue the improvements to the interior of the units and improve the returns accordingly. This well-kept gem offers tenants access to everyday amenities, off-street parking, and community garden beds.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,833,817 CAD | Apartment Style | Garden |
| Price Per Unit | $202,416 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 6.40% | Building Size | 9,400 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2009 |
| Property Subtype | Apartment | Parking Ratio | 1.06/1,000 SF |
| Zoning | CG - CE(MU-C) | ||
| Price | $2,833,817 CAD |
| Price Per Unit | $202,416 CAD |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 9,400 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2009 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | CG - CE(MU-C) |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Bicycle Storage
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 600 |
| 2+1 | 2 | - | 750 |
| 3+1 | 2 | - | 950 |
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Moderately walkable
70/100
Fairly drivable
50/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R224569 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,384,119 CAD |
Property Taxes
Parcel Number
R224569
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,384,119 CAD
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Gladstone Terrace Apartments | 5625 SE Gladstone St
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