Tam-O-Shanter Apartments

Investment Overview

Tam-O-Shanter is a 15-unit value-add multifamily property in Milwaukie's Jennings Lodge neighborhood, offered together with an adjacent 6,055 SF commercially zoned lot. With a majority of units in original condition and below-market rents, there is a clear path to increased income through renovation, while the additional lot provides further opportunity for future development or expansion.

Investment Highlights

• 15-unit value-add multifamily with clear upside through unit renovation and rent growth
• Mix of eight loft-style 1-bed/1.5-bath units and seven 2-bed/1.5-bath townhouses with in-unit laundry
• Offered with an adjacent 6,055 SF commercially zoned lot, adding future development potential
• One building's roof is currently being replaced, with another roof having been replaced in recent years
• Call listing brokers for more details