Close-in Portland value-add opportunity in the heart of SE Stark! Chateau Apartments offers (10) two-bed/one-bath units (approx. 677–717 sq ft) plus a shared laundry room and 10 on-site parking spaces. The property is zoned RM2, providing medium-scale multi-dwelling capacity, strong rent potential, and meaningful long-term redevelopment upside. All units will be delivered 100% vacant at closing, eliminating relocation requirements and allowing an investor to begin renovation and lease-up immediately. The building is currently secured and boarded; interior access is available only after an accepted offer or during designated inspection periods. Sale is subject to HUD income-restriction removal and Home Forward Board approval—please allow adequate review time. Buyer to verify all information, including square footage and zoning. Current governmental tax exemption will not continue after transfer. A rare chance to acquire a fully vacant, close-in 10-unit building with both income and land-value upside in one of Portland’s most walkable, transit-served neighborhoods.