The Calico has been owner-managed since 2007, providing long-term stability while presenting a clear value-add opportunity, with current rents approximately 30% below market.

Each unit features a functional two-bedroom, one-bathroom layout with in-unit washer and dryer hookups, offering everyday convenience and strong tenant appeal. The property is within walking distance of Southridge High School and Conestoga Middle School, making it particularly attractive to families and long-term renters.

Additionally, it is located near Washington Square Mall, Oregon’s largest regional shopping center, offering easy access to a wide range of retail, dining, and entertainment options. The investment also presents an opportunity to enhance revenue through the potential implementation of utility reimbursement programs (RUBs), creating an additional income stream.