Portland · Commercial sale
East Burn Partners buys 16405 E Burnside St in Gresham for $5.5 million
An apartment complex at 16405 E Burnside St, Gresham sold for $5,500,000 on August 18, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $5,500,000
- Sold
- August 18, 2026
- Property type
- Apartment complex
- Building area
- 36,160 sq ft
- Price per sq ft
- $152
- Year built
- 1992
An apartment complex at 16405 E Burnside St in Gresham sold for $5,500,000, which works out to $152 per square foot, according to the Multnomah County Assessor's sales records. The sale was recorded on August 18, 2026.
The record lists East Burn Partners LLC and PF 42 LLC as the buyer.
The Assessor's records show the property has 36,160 square feet of building area on a 1.72-acre lot, and a 1992 construction date. The market value on record is $5,705,020, a figure above the price paid.
What this sale costs to close
What does closing cost at this price? Under Multnomah County custom the seller's larger charges are $11,100 for the owner's title insurance policy and $650 for the escrow fee. The seller's estimated net is $5,481,545 before brokerage commissions and any loan payoff. A cash buyer would need about $5,494,101 at closing.
Source: Multnomah County Assessor, via PortlandMaps taxlots, document R249726-20260818. Property details: Multnomah County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
