Tam-O-Shanter is a 15-unit value-add multifamily property in Milwaukie's Jennings Lodge neighborhood, offered together with an adjacent 6,055 SF commercially zoned lot. With a majority of units in original condition and below-market rents, there is a clear path to increased income through renovation, while the additional lot provides further opportunity for future development or expansion. The property is in the Jennings Lodge neighborhood of unincorporated Clackamas County, just off SE McLoughlin Boulevard, with quick access to I-205 and downtown Portland. Residents enjoy the adjacent Trolley Trail, the nearby Boardman Wetlands Nature Playground, and Meldrum Bar Park along the Willamette River. Everyday retail, including Fred Meyer and Walmart, is within walking distance, TriMet bus service runs along the corridor, and the SE Park Ave MAX Station provides a direct connection to the broader metro area.