Location: Salem, Oregon

McCarran Apartments is a 32-unit walk-up multifamily asset located in the Northgate neighborhood of Salem. Consisting entirely of spacious 2-bedroom, 1-bath units, the property has been recently updated to include new flooring, appliances, and interior finishes. With its quiet residential setting and consistent tenant base, McCarran offers predictable cash flow with minimal near-term capex needs.

Positioned in a stable rental market with strong demand for mid-sized 2-bedroom layouts, the property provides an ideal mix of operational simplicity and long-term performance.

Property Details

• Type of Property: Walk-Up Multifamily

• Status: Stabilized

• Year Built: TBD (recent renovations completed)

• Total Units: ~32

• Unit Mix: 2 Bed / 1 Bath

• Avg Unit Size: ~900 sq ft

• Tenant Profile: Long-term renters, small families, professionals

Investment Overview

• Investment Date: TBD

• Exit Date: Still Held

• Initial Investment Amount: TBD

• Projected Profit: TBD

• Projected ROI: TBD

• Hold Strategy: Stabilized hold with potential for moderate rent growth

Capital Structure

• Equity: TBD

• Debt: TBD

• Leverage Strategy: Low-leverage or all-cash model for operational simplicity

Development Strategy

• Recent Upgrades: Interior finishes, flooring, paint, and appliances

• Tenant Profile: Stable occupancy with quiet, long-term renters

• Operational Simplicity: Smaller asset size allows for easy management

• No-Pet Policy: Supports lower turnover and lower maintenance

Investment Thesis

McCarran Apartments offers an efficient, fully renovated rental asset in a strong submarket with minimal supply pressure. With modernized interiors and a simple management structure, the property is ideal for investors seeking yield, operational ease, and long-term tenant stability.