» Infill Portland-metro location: 15-unit multifamily community built in 1969, tucked into Milwaukie’s Oak Grove neighborhood just south of Portland along the Willamette River offering a quiet residential setting with quick access to the greater Portland urban core. » Affluent renter demographics: Milwaukie’s median household income is about $82,400 and has grown roughly 4-5% year-overyear, with ~9,500 households and nearly 4,000 renter-occupied units supporting durable apartment demand and the ability to push rents over time. » Excellent transit connectivity: Residents benefit from nearby MAX Orange Line service at Milwaukie/Main St and SE Park Ave, providing frequent (every ~15 minutes) light-rail access to Portland City Center, PSU, SE Portland, and the broader MAX system making the property highly attractive to car-light and commuting tenants. » Diverse employment base: The asset draws from Milwaukie’s local employers such as Exceed Enterprises, Marquis Companies, BenefitHelp Solutions, Dave’s Killer Bread, and others as well as the broader Portland region’s major job drivers in healthcare, tech, and apparel including Providence, Intel, OHSU, Nike, Legacy Health, and Kaiser. » Lifestyle & recreation appeal: Close to downtown Milwaukie, Milwaukie Bay Park, and Willamette River waterfront trails, residents enjoy easy access to parks, paths, and local restaurants/ retail positioning the property as a more affordable, small-scale alternative to core Portland with strong quality-of-life amenities. » Stable, supply-constrained submarket: Milwaukie is a builtout city of just over 21,000 residents with modest but steady population growth and increasing household incomes, supporting long-term rent growth while replacement costs for comparable new product remain significantly above existing 1960s vintage assets like this 15-unit community.