Powell Heights & Powell Place
Mix of New Construction (21 units) & Renovated (8 units) TH style apartments with fenced yards
Marketing 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.
Investment highlights
- Potential Loan Assumption opportunity
- Fully stabilized 29-unit portfolio in Southeast Portland
- Combination of new construction and extensively renovated apartments.
- Diverse unit mix of studio, 1BR, and 2BR units, providing various floor plan offerings
- Modern high-end finishes with in-unit washer & dryers in all units
- Shared off-street parking lot offering operationalefficiency and low-density appeal
- Additional detached building with storage and bike parking
- Prime walkable location near schools, shopping, dining, parks, and transit
- Strong tenant retention potential with modern layouts and amenities, unique to the neighborhood
- Attractive investment opportunity with fully leased units and minimal deferred maintenance
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