Buying, selling and operating apartments in Portland

Individual Portland Apartment Sales >$450K – Oct 2012 | 27 November 2012



Attached is a table of individual Portland-area sales of apartment complexes greater than $450,000 in October  2012. We’ve included $/unit, $/sqft , unit count, year built and CapRate (as reported) and a comparison to September 2011 averages.  October 2011 had 2 sales greater than 100 units each that  skews the averages.

Year-over-year – October 2012 shows a nice increase in all sizes of apartments with total transactions (14 – Oct 12 vs. 9 – Oct 11) and a CapRate decrease (5.46% – Oct 12 vs. 6.85% – Oct 11).

Albeit, the CapRate decrease is driven by 3 large sales of which one is a true trophy property (downtown Portland and river front.)

The lure of low finance rates is starting to be realized by smaller buyers also which drives transaction volume.

Whether you keep or sell your property, you need to focus on increasing the net income to you or any future buyer!

If you’d like more information on:

– 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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