11080 SW 61St Ave Portland, OR 97219

This Ashcreek-Crestwood townhouse community in Southwest Portland presents a compelling small-scale investment opportunity. The property features five townhouse-style homes with a diversified unit mix, including three 3-bedroom residences and two 2-bedroom residences, each with two and a half bathrooms. Each home offers a functional layout with well-separated living and sleeping areas, a main-level half bath, upper-level laundry, and a fenced deck space. All homes are currently vacant and move-in ready, providing immediate lease-up flexibility. Built by a local boutique builder known for efficient use of space and high-end finishes, the homes include extensive custom cabinetry, solid surface countertops, stainless steel appliances, kitchen islands with eat bars, and energy-efficient mini-split systems for year-round heating and cooling. Spacious primary bedrooms with private bathrooms enhance livability, while the additional bedrooms in the 3-bedroom units broaden tenant appeal for households needing flexible space for remote work or shared living. Each unit is individually metered within a condominium structure, creating flexibility for phased sales, 1031 exchange strategies, or long-term hold. The townhouse-style configuration with private entries and outdoor decks provides a competitive advantage over traditional stacked apartment product and supports strong tenant retention. Located in the desirable Ashcreek-Crestwood neighborhood, the asset is 1.5 miles to Multnomah Village dining and retail, 0.7 miles to Gabriel Park with trails and open green space, 0.5 miles to Barbur Blvd, and 1.2 miles to I-5 for convenient regional access. The property is situated on a 0.11-acre lot and the total property size is 5307 square feet.