Rare Opportunity to Acquire Newer Portland Multifamily Built in 2022, 330 Dekum offers a new investor the chance to acquire a four-year old, 39-unit asset at a basis well below replacement cost in one of Portland’s most constrained infill submarkets. With virtually no comparable new supply underway in the immediate area, the property provides durable, newer-vintage housing stock in a market where development has effectively stalled due to construction costs and regulatory friction. Clear Operational Upside Through Lease-Up and Rent Optimization Current operations reflect meaningful room for improvement, with trailing vacancy and bad debt running well above stabilized levels for a newer asset. A focused operator can drive immediate NOI growth by restoring occupancy, tightening collections, and marking in-place rents to market resulting in a straightforward, execution-driven path to value creation without the capital, timeline, or risk of a traditional renovation play. Above-Standard Interior Finishes in a New-Construction Envelope Unit interiors feature quartz countertops, espresso cabinetry, stainless steel appliances with dishwashers, LVP flooring, ceiling fans, and oversized windows that flood each home with natural light. Private balconies and patios extend the living space outdoors, delivering a finish level and livability that rivals far more expensive new-construction product elsewhere in Portland. Well-Conceived Community Amenities Tailored to the Renter Profile Resident amenities are purpose-built for the urban Portland renter, including secured building entry with a dedicated package room, interior bike storage, and on-site laundry. The combination provides convenience, security, and practicality key decision drivers for the young professional and creative-class residents drawn to the Woodlawn neighborhood. Walkable Woodlawn Near Top NE Portland Districts 330 Dekum sits within steps of the Woodlawn Triangle at NE Dekum & Durham, a charming, locallyowned commercial cluster featuring Breakside Brewery, LaVerne’s, Firehouse Restaurant, Good Neighbor Pizzeria, and Woodlawn Coffee & Pastry, with neighborhood favorites P’s & Q’s Market and Lil’ Barbecue along the Dekum corridor. Residents also have quick access to two of Portland’s signature food-and-shopping destinations the Alberta Arts District to the south and Mississippi Avenue to the west each packed with celebrated restaurants, boutique retail, coffee roasters, and nightlife. Daily essentials are covered by New Seasons Market, Safeway, the Woodlawn Farmers’ Market and Woodlawn Park just blocks away, giving residents an authentically walkable Portland lifestyle that continues to drive in-migration to inner NE. Strong Regional Connectivity to Portland’s Major Employment Centers 330 Dekum offers residents efficient access across the Portland metro via the MAX Yellow Line, multiple frequent-service TriMet bus routes, and I-5 all within minutes of the property. Adidas North American Headquarters in the Overlook neighborhood, Downtown Portland, the Lloyd District, and Portland International Airport are all within a 15-20 minute drive, positioning the property as an ideal home base for the young professional and creative-class workforce that defines inner NE Portland.