Property Description

Ashcreek-Crestwood 5-unit townhouse community offering a compelling small scale investment opportunity in Southwest Portland. The property consists of five townhouse style homes with a diversified unit mix of three 3 bedroom residences and two 2 bedroom residences, all configured with two and a half bathrooms. Each home features a functional layout with well separated living and sleeping areas, a main level half bath, upper level laundry, and fenced deck space, supporting long term tenant comfort and retention. All homes are currently vacant and move in ready, providing immediate lease up flexibility. Built by a respected local boutique builder known for efficient use of space and high end finishes, the homes include extensive custom cabinetry, solid surface countertops, stainless steel appliances, kitchen islands with eat bars, and energy efficient mini split systems providing year round heating and cooling. Spacious primary bedrooms with private bathrooms enhance livability, while the additional bedrooms in the 3 bedroom units broaden tenant appeal for households needing flexible space for remote work or shared living. Each unit is individually metered within a condominium structure, creating flexibility for phased sales, 1031 exchange strategies, or long term hold. The townhouse style configuration with private entries and outdoor decks provides a competitive advantage over traditional stacked apartment product and supports strong tenant retention. Located in the desirable Ashcreek-Crestwood neighborhood, the asset is 1.5 miles to Multnomah Village dining and retail, 0.7 miles to Gabriel Park with trails and open green space, 0.5 miles to Barbur Blvd, and 1.2 miles to I-5 for convenient regional access. Rental income and expense figures are approximated. Buyer to perform all due diligence regarding projected rental cash flow and investment performance.