Melissa Anne Apartments

HFO Investment Real Estate is pleased to present Melissa Anne Apartments, a stabilized, well-maintained 22-unit multifamily community located at the foot of Mt. Tabor in Portland’s established Montavilla neighborhood. Built in 1961 and offering a functional 1BR/2BR unit mix with seasonal pool, on-site laundry, off-street parking, and on-site management, the property fronts East Burnside with Frequent Service transit connections to downtown Portland and immediate access to Mt. Tabor Park and the walkable SE Stark retail corridor. In-place rents sit materially below comparable 1961-1976 vintage assets in the immediate submarket, providing a clean, executable loss-to-lease business plan meaningful organic rent growth available at natural turnover with no capital-intensive renovation program required. At 22 units, Melissa Anne offers the rare combination of scale, manageability, and embedded upside that appeals equally to private local investors and 1031 exchange buyers seeking a stable Portland multifamily asset in a supply-constrained, infill submarket.