» Brand-New, Stabilized Asset in the Heart of North Portland The Kennedy Apartments is a 2024-construction, 27-unit multifamily community offering investors a rare opportunity to acquire a stabilized, newly built asset with minimal near-term capital requirements. At 96.3% occupancy, the property delivers strong, reliable cash flow from day one with a modern unit package that attracts and retains quality renters in North Portland’s competitive multifamily market. » Institutional-Quality Unit Finishes in a Boutique Community Each of the Kennedy’s one- and two-bedroom homes features an upscale interior package including stainless steel appliances, quartz and granite countertops, wood-style flooring, in-unit washer/dryer, and private balconies or patios. Controlled-access entry and elevator service round out a finish level typically associated with larger institutional properties, delivered here in an intimate 27-unit setting. » Compelling Community Amenities for Today’s Renter Residents enjoy a thoughtfully designed outdoor courtyard with BBQ grills, a pet-friendly environment, and professional on-site management with an online resident portal. The property’s combination of lifestyle amenities and modern conveniences positions it to attract and retain quality renters in a competitive North Portland market. » Exceptional Transit Connectivity and Highway Access The Kennedy benefits from immediate access to I-5 and is located within close proximity to the Rosa Parks MAX Yellow Line station, providing direct light rail service to downtown Portland in approximately 20 minutes with trains running every 15 minutes or better throughout the day. This combination of freeway and transit access connects residents to employment centers across the Portland metro and Southwest Washington, making the property an ideal home base for commuters. » Walkable Neighborhood with Strong Retail Amenities The Kennedy is situated in the Arbor Lodge neighborhood of North Portland, with five shopping centers within 1.5 miles including a Fred Meyer and a New Seasons Market. Residents enjoy easy access to the neighborhood’s dining, coffee shops, and parks including Arbor Lodge Park, Peninsula Park, and Columbia Park creating a live-workplay environment that supports tenant retention. » Proximity to Major Employment Anchors The property’s location provides convenient access to some of the region’s largest employers. Legacy Emanuel Medical Center a Level I Trauma Center and major North Portland employment hub with over 1,500 healthcare professionals is approximately 2.9 miles away. The broader Portland metro employment base, including Providence Health & Services, OHSU, and Nike, is readily accessible via I-5 and the MAX Yellow Line.