» Diversified Unit Mix Across 78 Residential Units The 78-unit community features a varied mix of micro studios, one-bedroom, and two-bedroom units, allowing for demand capture across multiple renter profiles and supporting occupancy stability. An on-site commercial suite leased to New Avenues for Youth adds a complementary income component. » Operational Upside Through Lease-Up and Revenue Management With in-place residential rents of approximately $87,679 per month against a market rent potential of roughly $111,652, the property presents meaningful operational upside. Legacy tenants from 2015–2018 are paying significantly below market, and a disciplined lease renewal and management strategy could close this roughly $24,000 per month gap over time without requiring capital-intensive renovations. » Strong Transit Connectivity via TriMet FX2 and MAX Blue Line D Street Salal sits directly on SE Division Street, served by TriMet’s FX2 Division rapid bus line a $175 million bus rapid transit investment featuring 60-foot articulated buses arriving every 12 minutes. The MAX Blue Line’s E 162nd Avenue station is located nearby, providing light rail access to downtown Portland, the Lloyd District, and employment centers stretching west to Beaverton and Hillsboro. » Proximity to Major Portland Metro Employers and Retail Services Residents benefit from convenient access to the Portland metro’s largest employers, including Intel, Nike, OHSU, Providence Health, and Legacy Health, as well as Boeing’s largest machining facility in nearby Gresham. Division Street itself provides walkable access to neighborhood shopping, dining, and daily services, while Powell Butte Nature Park offers over 600 acres of trails and open space minutes from the property. » Modern Interior Finishes and Community Amenities Units feature contemporary finishes including in unit washer/dryers, granite countertops, and LVT (in select units) and are complemented by an on-site basketball court and leasing office. The 2016 construction ensures modern building codes, energy efficiency, and the type of unit quality that commands premium rents in the East Portland submarket. » Non-Profit Low-Income Housing Tax Exemption (NPLTE) D Street Salal benefits from Portland’s Non-Profit Low-Income Housing Limited Tax Exemption under ORS 307.540–307.548 and Portland City Code Chapter 3.101, designated as Exemption Code 44 (“COP Low Income Rental Housing”) on both tax accounts (APN R337907, R337838). This exemption significantly reduces the property’s tax burden, enhancing net operating income and providing a meaningful advantage over comparable market-rate assets in the submarket.