Older core/flood-adjacent pockets (deep value)

The lowest entry prices and highest paper yields in the city, in older pockets with scattered reinvestment, some near the Willamette floodplain.

Flood exposure, deferred maintenance, and Oregon's tenant-protection framework concentrate risk here; advertised returns rarely survive the real vacancy, repair, and management picture for a remote owner.

Investors who understand that the highest advertised yields often come with the highest execution risk.