Gladstone Terrace Apartments - 14 units
$2,050,000
5625 SE Gladstone St, Portland, OR 97206
8,208 sqft
Building Size
0.3389 acres
Lot Area
Details:
Highlights:
- • Plumbing Fully Replaced
- • Electrical Grounding Improvements Completed
- • New Laundry Contract and Machines In-Place
- • RUBS In-Place (Management Company Administers)
- • On-site Laundry Room with Bike Storage
- • Off-Street Parking (No Charge to Tenants)
- • Community Garden Beds
- • New Garbage Enclosure
- • Walk-in Closets
- • Parking lot striping just completed
Description:
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 (Hello, insurance savings!), some electrical upgrades, newer hardi plank 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 a community garden.
Gladstone Terrace is located in Portland’s established Creston-Kenilworth neighborhood, a well-positioned Southeast Portland location offering strong renter appeal and convenient access to neighborhood amenities. The property benefits from close proximity to both the Woodstock & Division corridors, popular commercial districts featuring a variety of restaurants, coffee shops, neighborhood retail, and everyday services that support long-term tenant demand. The surrounding area is characterized by mature residential streets, nearby parks, and a stable neighborhood feel that continues to attract residents seeking an accessible eastside location. The property also offers convenient access to public transportation and major eastside corridors, providing connectivity to downtown Portland, Reed College, and other employment, education, and retail destinations throughout the market. Overall, the location provides a compelling combination of neighborhood character, livability, and accessibility within one of Southeast Portland’s established multifamily submarkets.
Documents:
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| Gladstone_Terrace_OM_4326.pdf |
Location
Gallery
