Park Place Apartments

2628 NE Red Sunset Dr, Gresham, OR 97030

  • For Sale $3,800,000
  • Property Type Other
  • Units 20
  • Year Built 1990
  • Date Updated Mar 24, 2025

Introducing Park Place Apartments, a 20-unit apartment community located in the heart of Gresham, OR. Built in 1990, this well-maintained property offers a mix of spacious two- and three-bedroom layouts. Each unit features fully equipped kitchens with dishwashers, fireplaces, durable plank flooring, in-unit washers and dryers, and private balconies or patios. Residents benefit from off-street parking, available garages, and a pet-friendly environment. Park Place underwent significant capital improvements in 2018, including updated flooring, carpet, painting, electrical, and siding, enhancing its long-term appeal. Additionally, over 50% of the units have also been turned over in the past four years with moderate to heavy renovations. Park Place presents an immediate value-add opportunity to continue the previous ownership’s renovation scope on the remaining classic units and bring rents to market rates. 

Strategically positioned just minutes from Gresham’s vibrant city center, Park Place offers residents exceptional access to major shopping destinations like Gresham Station and Gresham Town Fair, featuring over 140 national and local retailers. Additionally, the property is less than two miles from Mt. Hood Community College, a key educational hub serving 28,000 students and employing over 1,800 staff, further driving consistent rental demand. With its prime location and modern amenities, Park Place Apartments presents a compelling investment opportunity in the growing Gresham rental market.

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Contacts

broker
Lee Fehrenbacher

HFO Investment Real Estate | a Member of GREA

broker
Rob Marton

HFO Investment Real Estate | a Member of GREA

Location

Getting Around

  • Walk Score ®

    83/100 Very Walkable

  • Transit Score ®

    64/100 Good Transit

  • Bike Score ®

    79/100 Very Bikeable
Powered by Walk Score ®
  • City Gresham, OR
  • Neighborhood Central Gresham City
  • Zip Code 97030
  • Market Portland

Points of Interest

  • Cleveland Avenue

    0.51 miles

  • Southeast Main Street

    6.68 miles

  • Southeast Powell Boulevard

    6.78 miles

  • Southeast Holgate Boulevard

    6.82 miles

  • Lents Town Center/Southeast Foster Road

    7.00 miles

  • Mobil

    0.24 miles

  • 76

    0.29 miles

  • Arco

    0.62 miles

  • Chvron

    0.62 miles

  • Chevron

    0.67 miles

  • Shell

    0.92 miles

  • Fred Meyer

    1.21 miles

  • Space Age

    1.29 miles

  • Blink

    1.64 miles

  • Volta

    3.10 miles

  • Gresham Parking Garage

    0.21 miles

  • Cleveland Avenue Park & Ride

    0.47 miles

  • Parking Lot PL

    1.49 miles

  • Parking Lot D

    1.53 miles

  • Parking Lots R-U

    1.54 miles

  • Parking Lot E

    1.62 miles

  • E 181st Ave

    2.54 miles

  • Walgreens parking lot

    3.61 miles

  • Sandy River Delta parking

    3.78 miles

  • E 122nd/Menlo Park

    5.42 miles

  • Ponderosa Inn

    0.32 miles

  • Motel 6

    0.50 miles

  • Quality Inn

    1.04 miles

  • Days Inn

    1.09 miles

  • Best Western Plus Cascade Inn Suites

    2.17 miles

  • McMenamins Edgefield

    2.36 miles

  • Cedarville Lodge

    2.50 miles

  • Travelodge East Portland/Gresham

    2.60 miles

  • Holiday Inn Express Portland East - Troutdale

    3.04 miles

  • Four Points by Sheraton

    3.23 miles

  • Wendy's

    0.10 miles

  • Arby's

    0.11 miles

  • La Carreta of Gresham

    0.16 miles

  • La Herradura Mexican

    0.18 miles

  • Donut World

    0.19 miles

  • Taquería Mi Jalisco

    0.20 miles

  • Taco Bell

    0.20 miles

  • Dea's In & Out

    0.21 miles

  • Nanna's Place

    0.22 miles

  • Black Bear Diner

    0.23 miles

  • Gresham High School

    0.09 miles

  • Burlingame Creek School

    0.36 miles

  • Highland Elementary School

    0.54 miles

  • Aspen Highland Elementary School

    0.57 miles

  • Center for Advanced Learning

    0.67 miles

  • West Gresham Elementary School

    0.78 miles

  • North Gresham Elementary School

    0.94 miles

  • East Gresham Elementary School

    0.98 miles

  • Dexter McCarty Middle School

    1.04 miles

  • Hall Elementary School

    1.17 miles

  • MHCC Kelly Place Head Start

    0.04 miles

  • Little Harvard Learning Center

    0.57 miles

  • KinderCare

    0.83 miles

  • Tree of Knowledge Christian Preschool

    1.25 miles

  • Gresham Heights Learning Center

    1.41 miles

  • La Petite Academy of Fairview

    1.61 miles

  • Mt. Hood Community College Head Start

    1.91 miles

  • Little Wings Academy

    2.34 miles

  • Clear Creek Preschool

    2.51 miles

  • Happy Valley Children's Garden

    2.54 miles

Frequently Asked Questions

How much does Park Place Apartments cost?

The space currently listed for sale at Park Place Apartments asks for $3,800,000.

What is the total square footage of Park Place Apartments?

Park Place Apartments totals 19,600 square feet.

When was this property built?

Park Place Apartments was built in 1990.

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