11255 Greenburg Rd Portland, OR 97223

This 36-unit apartment building presents a compelling value-add investment opportunity in Tigard, Oregon. Built in 1971, the property consists of six, two-story buildings totaling 32,739 square feet on a 1.6-acre lot. The complex features 35 two-bedroom, one-bathroom units averaging 877 square feet and one three-bedroom, two-bathroom unit. Current average rent for the two-bedroom units is approximately 12% below market rate, offering significant rental upside potential. Recent renovations include luxury vinyl plank flooring, custom interior paint, SmartLock keyless entry, stainless steel appliances, new cabinets, and updated lighting. Desirable amenities include a community pool, private yards, air conditioning, and on-site laundry facilities. The property is zoned R12 and is conveniently located near Downtown Tigard, offering residents easy access to shopping, dining, and transportation options, including proximity to the Beaverton Transit Center and Portland International Airport. This well-maintained property, with its substantial rental upside and attractive amenities, represents a strong investment opportunity in a thriving Oregon market. The property's location in Washington County, Oregon's second most populous county, further enhances its investment appeal.