Exceptional opportunity to acquire an 8-unit multifamily property in the desirable Portsmouth neighborhood of Portland. Situated on 0.58 acres across two legal tax lots, this property offers steady income with a 9% projected rent increase planned for August 2026. Each unit includes two bedrooms and one bathroom, with modernized interiors featuring ranges and refrigerators, natural lighting, and efficient layouts. Tenants enjoy access to a common front yard, landscaped green space, on-site coin laundry, and assigned parking areas that enhance convenience and usability. Portsmouth is a highly walkable neighborhood known for its residential charm and connectivity, providing easy access to Lombard Street and local service businesses. Located near Roosevelt High School and within proximity to major transportation routes, this property appeals to both seasoned investors and owner-operators looking for consistent rental income with strong location fundamentals. A 1031 exchange opportunity is available with simultaneous closing required, making this an advantageous investment in a sought-after neighborhood.