Buying, selling and operating apartments in Portland

Individual Portland Apartment Sales >$450K – March 2012 | 26 April 2012

<<<Mar12 vs Mar11 PortlandArea Apt Sales>>>


Attached is a table of individual Portland-area sales of apartment complexes greater than $450,000 in March 2012. We’ve included $/unit, $/sqft , unit count, year built and CapRate (as reported) and a comparison to March 2011 averages. 

There were 2 large transactions >200 units, both in outlying suburbs of Portland.   However, they were in the Beaverton area which is almost to the levels of close-in Portland for rental demand and potential for growth.

Sellers – You need to make sure your NOI is the best it can be if you want top dollar and demand.  We can help you:

– Find out where you stand today compared to your competition

– What to work on to increase income

Buyers – A ‘hot” market can be good or bad.  You need to understand what you are buying and have a game plan to make it profitable for you.

Smaller investors are still hesitant, but are coming back into the market. The lure of low interest rates is slowly thawing buyer hesitancy.

If you’d like more information on:

– A comparative analysis of your property vs. your neighborhood with specific comp properties for sale and listed and a rent survey, or

– Analyzing your property to maximize your income to see how you can make more money or get a higher sales price, or

– Details/background on individual sales in the report, or

– Free copy of our 80-page book – Buying, Selling and Operating Apartments Using FInancial Analysis

Please contact me:

Steve Morris – Senior Advisor Multi-Units
Sperry Van Ness – Bluestone & Hockley (503) 970-4593

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