» Well-Located Southeast Portland Asset Situated in a quiet residential pocket of Southeast Portland, the property benefits from proximity to neighborhood retail, employment centers, and major transportation corridors, while remaining removed from heavy traffic and commercial congestion. » Stable 30-Unit Community with Family-Oriented Layouts The property features larger-than-average unit sizes with private backyards that support long-term tenancy and household stability, contributing to consistent occupancy and reduced turnover relative to smaller-format multifamily assets. » Strong On-Site Parking Offering The property features 26 covered parking spaces, 4 detached garages, and an additional 24 unassigned surface stalls, providing ample parking for residents and enhancing overall tenant appeal and retention. » Attractive In-Place Cash Flow with Rent Growth Potential Current rents provide a clear runway for gradual increases through natural lease turnover, allowing a new owner to enhance income while maintaining resident continuity. » Proven Renovation Path with Clear Remaining Upside Approximately 40% of units have been renovated since 2023, demonstrating achievable rent premiums, while the remaining 60% present a clear value-add opportunity through continued interior upgrades and rent alignment without major operational disruption. » Quiet, Off-Street Setting Enhances Tenant Retention The property’s setback location away from main arterials offers a calm living environment that appeals to renters seeking livability and neighborhood character. » Durable Vintage Construction with Long-Term Hold Appeal Original 26 units were built in 1977 with 17 single-level units (2-bd/1 bath) and 9 townhouse units (2-bd/1.5 bath) with a 152nd address in 6 separate buildings. An additional 4 townhouses (2-bd/1.5 bath) units were built in 1999 with a Caruthers St address, the asset reflects a proven multifamily design and construction era, making it well suited for investors seeking a balance of stability, income durability, and long-term appreciation.