Property Description

Powell Heights & Powell Place Apartments are a 29-unit, fully stabilized multifamily investment comprised of two adjacent properties in a highly desirable Southeast Portland neighborhood. The portfolio includes Powell Heights (21 units)and Powell Place (8 units), together offering a rare opportunity to acquire scale with operational efficiency in a low-density setting.Situated on nearly one acre and sharing a common parking lot, the properties benefit from strong tenant appeal, efficient management, and a serene residential environment. The portfolio features a diverse mix of studio, one-bedroom, and two-bedroom apartments, supporting consistent demand and strong rental performance.Powell Heights, representing 72% of the units, is brand-new construction (2025), while Powell Place, a 1973 vintage asset, has been fully renovated and has demonstrated a proven track record of achieving top-of-market rents. Together, the assets deliver a compelling blend of modern new-construction product and a renovated, lower-density vintage community - the combination of both provides the ability to offer parking, storage, and larger unit sizes - a truly unique offering for new construction - creating a best-in-class living experience that is truly unique in the neighborhood.Potential Loan Assumption opportunity.