330 Dekum Apartments

330 Dekum Apartments presents a rare opportunity to acquire a newer-vintage, 39-unit multifamily community completed in 2022 in Portland’s highly constrained inner Northeast submarket. Offered at a basis well below replacement cost, the Property combines durable new-construction housing stock with a clear path to operational upside through continued lease-up, improved collections, and the ability to capture market rents. The community features modern interior finishes including quartz countertops, stainless steel appliances, LVP flooring, oversized windows, and private balconies or patios, alongside amenities tailored to the urban renter profile such as secured entry, package storage, bike storage, and on-site laundry. Positioned in the heart of the walkable Woodlawn neighborhood, residents enjoy immediate access to popular local dining, retail, and entertainment destinations along the Dekum corridor, as well as the Alberta Arts District and Mississippi Avenue. With convenient connectivity to major employment hubs including Adidas North America Headquarters, Downtown Portland, the Lloyd District, and Portland International Airport via TriMet, MAX Light Rail, and I-5, 330 Dekum is well-positioned to capitalize on continued demand for quality housing in one of Portland’s most supply-constrained infill neighborhoods.