The Russell Apartments

HFO is pleased to present The Russell Apartments, a 68-unit multifamily community located in Portland's highly walkable Eliot neighborhood. Built in 2017, this LEED Gold-certified, institutional-quality asset offers the durability and operational efficiencies of newer construction with minimal deferred maintenance. The property's modern unit finishes and extensive amenity package—including a rooftop deck, fitness center, secured parking, and premium in-unit features—position it to compete directly with Class A product while appealing to a broad renter base. Located less than one mile from Legacy Emanuel Medical Center, a major regional healthcare employer, The Russell benefits from consistent tenant demand from healthcare professionals and other well-qualified renters. Combined with a diverse unit mix, excellent neighborhood walkability, and convenient access to downtown Portland, the property offers investors a stabilized, high-quality asset in one of the city's most desirable urban neighborhoods.