Rent increases as of July 2025 make the property a 6.4% cap rate. With 3 bed/2.5 bath units averaging nearly 1,400 square feet and attached 3-car garages, The Willows is a truly unique community. Built in 2001, the six buildings are situated on over an acre in a private setting, surrounded by mature landscaping, and adjacent to Gates Park. This property features some of the largest rental units currently available in the Portland market. Tenants will appreciate the spacious kitchens, hardwood flooring in the main living areas, and carpeting in the bedrooms. Each unit comes with full-sized washer and dryer hookups, as well as a balcony or patio. Additional amenities include forced air heating and a large three-car tandem garage (700 square feet). Many units have been upgraded with newer appliances, fresh paint, and modern light fixtures. The majority of the units at The Willows are below market, providing immediate upside for new owners. The asset is priced far below replacement cost, and would make an ideal condo-conversion in the future. Tenants enjoy the location, five minutes from both I-205 and I-84 and the Max light rail line. Bus line #17 has a stop in front of the property. For the outdoor enthusiasts, the Springwater Trail, the Brookside Wetland area, and the Foster Natural Area are within blocks of the property. Nearby shopping includes a variety of retail options along both SE 82nd Ave and the Powell Villa Shopping Center, with a Safeway and Ace Hardware, among other national retailers. Downtown Portland is six miles from the property, while Gresham, Happy Valley, and Clackamas are all within five miles. Available as a portfolio with The Ridge at 12027-12069 SE Foster Rd, Portland, OR.