Location: Salem, Oregon

Tamara Manor is a townhome-style multifamily community located in the Mill Creek area of Southeast Salem. Offering spacious 2-bedroom, 1.5-bath floorplans averaging ~1,000 sq ft, the property is tailored to family renters and those seeking larger units with more privacy than traditional apartments. The townhome design, combined with private patios and dedicated parking, supports tenant satisfaction and long-term retention.

Recent renovations and lease-up momentum have stabilized operations, with further upside through light interior updates and continued rent growth in a limited-supply submarket.

Property Details

• Type of Property: Townhome-Style Multifamily

• Status: Stabilized

• Year Built: 1970 (recently renovated)

• Total Units: Estimated 15–25

• Unit Mix: 2 Bed / 1.5 Bath

• Avg Unit Size: ~1,000 sq ft

• Tenant Profile: Families, long-term tenants, professional renters

Investment Overview

• Investment Date: TBD

• Exit Date: Still Held

• Initial Investment Amount: TBD

• Projected Profit: TBD

• Projected ROI: TBD

• Hold Strategy: Long-term hold with light value-add opportunities

Capital Structure

• Equity: TBD

• Debt: TBD

• Leverage Strategy: Conventional leverage with stabilized income

Development Strategy

• Spacious Layouts: Townhome units appeal to families and long-term tenants

• Recent Improvements: Landscaping, paint, and common area enhancements

• Rent Growth Potential: Lease-up incentives have proven effective; continued growth expected

• Amenity Advantage: Larger units with patios and privacy not easily replicated in the market

Investment Thesis

Tamara Manor delivers a highly rentable product type in an undersupplied segment of the market. The large unit sizes, private layouts, and strategic location near schools and major roads make it a compelling long-term income asset with value-add flexibility.