The Russell Apartments| 68-Unit Apartment Community Located in Portland, OR

• Newer Construction with Institutional Quality Build. Built in 2017, The Russell is a LEED Gold-certified, six-story elevator-served building offering the durability and efficiency of modern construction with minimal deferred maintenance risk. The property’s recent vintage positions it well against older competing stock in the submarket.

• Premium Amenity Package Commanding Rental Premiums. Amenities include granite countertops, luxury vinyl plank and polished concrete flooring, air conditioning, in-unit washer/dryers, disposal, and gas ranges on levels 5 & 6 (22 units total) — finishes that compete directly with newer Class A product and support premium rents relative to the older vintage stock that dominates the submarket. Community Amenities include a rooftop deck with panoramic views, fitness center, clubhouse, business center, secured underground parking, controlled access, on-site management and maintenance, package receiving, and pet-friendly policies. This amenity depth drives tenant satisfaction and retention, reducing turnover costs and supporting stable occupancy in a competitive rental market.

• Built-In Tenant Demand from Major Healthcare Employer. Legacy Emanuel Medical Center, one of Portland’s largest hospitals and a Level 1 trauma center, is located approximately 0.8 miles from the property. The hospital serves as a significant demand driver, with many current tenants drawn from its nursing and medical staff — a stable, professionally employed renter demographic.

• Diversified Unit Mix Serving Broad Renter Demand. The property’s 68 units span studios, one-bedroom, two-bedroom, and three-bedroom floor plans ranging from 535 to 1,555 square feet, appealing to a wide cross-section of renters from young professionals and healthcare workers to small families. This unit diversity reduces concentration risk and broadens the property’s competitive reach within the submarket.

• Highly Walkable Eliot Neighborhood Location. The Russell benefits from a Walk Score of 90, situated in Portland’s Eliot neighborhood with immediate access to popular dining and entertainment along NE Broadway. PCC Cascade campus is approximately 1.7 miles north, and Downtown Portland is less than two miles to the south, providing residents connectivity to employment, education, and urban amenities.

Portland, Oregon | Irvington and Russell Street Neighborhood

Located at the crossroads of the historic Irvington neighborhood and the vibrant Russell Street corridor, The Russell offers residents the best of Northeast Portland living. Irvington is renowned for its tree-lined streets, beautifully preserved early 20th-century architecture, and timeless residential character, while nearby Russell Street has evolved into one of the city's premier dining and entertainment destinations. Within minutes, residents can enjoy acclaimed restaurants, neighborhood cafés, breweries, boutique shopping, and live music venues, all while benefiting from convenient access to Downtown Portland, the Pearl District, major employers, and I-5. This unique blend of historic charm, walkability, and urban connectivity continues to make the area one of Portland's most desirable and enduring neighborhoods.

Rob Marton

HFO Investment Real Estate

(971) 717-6335

Greg Frick

HFO Investment Real Estate

(971) 717-6332