Masberg Court - Portland

HFO is pleased to present Masberg Court, a 25-unit multifamily property located in Portland’s North Tabor neighborhood. Family-owned and self-managed for years, the property offers a compelling opportunity for new ownership to capture operational efficiencies and rent growth, with in-place rents below market and a clear path to increased cash flow without reliance on a capital-intensive renovation program. Current ownership has recently repainted the building exteriors, addressing a meaningful capital item and reducing near-term deferred maintenance exposure. The property features 21 one-bedroom and four two-bedroom units and benefits from a walkable, bike-friendly location near Mount Tabor Park, Providence Portland Medical Center, neighborhood dining and amenities, and the NE 60th Avenue MAX station. Convenient access to three MAX lines, multiple bus routes, and I-84 further connects residents to downtown Portland, PDX Airport, and major employment centers throughout the metro area.