Woodstock Place Apartments is a well-located residential community in the Mt. Scott-Arleta neighborhood of Portland, Oregon. Built in 1965, the property consists of two, two-story, garden-style buildings offering 16 units. 14 of the units feature two-bedroom, one-bathroom floorplans, while two offer one-bedroom, one-bathroom layouts. Unit sizes range from approximately 700 to 728 square feet. Situated in the vibrant Mt. Scott-Arleta neighborhood, Woodstock Place Apartments benefits from a community-focused area undergoing significant revitalization. Residents enjoy easy access to SE Foster Road, a commercial hub with eclectic dining, retail, and entertainment options. The nearby Mt. Scott Park features a pool, recreation center, and picnic areas. Walkability, bike-friendly streets, and ongoing infrastructure improvements further enhance the area’s appeal. Additionally, the property’s proximity to Downtown Portland, Portland International Airport, public transportation, and major freeways drives consistently strong rental demand. Woodstock Place Apartments offers a compelling value-add opportunity for investors. With the potential for significant property upgrades, investors can modernize the units to meet current market standards, capitalizing on the high demand in this desirable neighborhood. Furthermore, the ongoing development and infrastructure improvements in Mt. Scott-Arleta provide a solid foundation for long-term value growth. As of January 2025, the in-place rent averages $1,209 for the two-bedroom apartments, approximately $241 below the market rate for comparable units. With 14 two-bedroom residences, this represents an additional $3,370 in monthly rental income, leading to a projected annual NOI increase of $40,400. This positions Woodstock Place Apartments as an attractive investment with immediate income potential and strong long-term value appreciation prospects.