The Kennedy Apartments

The Kennedy Apartments is a newly constructed (2024), 27-unit multifamily community offering a rare opportunity to acquire a stabilized, low-maintenance asset in North Portland, currently operating at 96.3% occupancy and delivering immediate in-place cash flow. The property features an institutional-quality finish level across a boutique footprint, with one- and two-bedroom units offering stainless steel appliances, quartz and granite countertops, wood-style flooring, in-unit laundry, and private outdoor spaces, complemented by controlled-access entry and elevator service. Residents benefit from a curated amenity package including a landscaped courtyard with BBQs, pet-friendly policies, and professional management with an online portal, supporting tenant retention and operational efficiency. Positioned in the Arbor Lodge neighborhood, the property offers strong connectivity via I-5 and the nearby Rosa Parks MAX Yellow Line, providing direct access to downtown Portland and regional employment centers. Walkable access to daily retail—including Fred Meyer and New Seasons—along with proximity to major employers such as Legacy Emanuel Medical Center further reinforces the property’s appeal to a stable renter base and long-term demand fundamentals.