The Aspen Apartments is a modern, mixed-use apartment community located in the highly sought-after Northwest Portland submarket, offering 14 contemporary residential units and a ground-floor commercial suite. Built in 2015 with reinforced concrete construction, the four-story property delivers durable construction, efficient unit layouts, and strong long-term operating fundamentals. The residential unit mix consists entirely of spacious one-bedroom, onebathroom apartments averaging approximately 700 square feet. Units feature in-unit laundry, modern kitchens with stainless steel appliances, vinyl windows, and private balconies in select units appealing to Portland’s renter-by-choice demographic. The building’s design and amenities position the asset favorably against both newer developments and aging competitive inventory. The property also includes a stabilized commercial tenant, providing diversified income and enhanced cash flow stability. With scheduled residential rents averaging $1,882 per unit and demonstrated rent upside to $2,000 per unit, The Aspen offers immediate income with embedded growth potential. Additionally, RUBS implementation recovers a meaningful portion of utility expenses, further strengthening net operating performance. Located near major employment nodes, transit corridors, and neighborhood amenities, The Aspen Apartments benefits from sustained renter demand in a market characterized by limited new supply and rising barriers to homeownership. The asset presents investors with an opportunity to acquire a well-located, newer-vintage apartment property with strong in-place cash flow, operational upside, and long-term appreciation potential.