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Spencer Palmer Of Montgomery Partners Acquires 53-Unit Garden-Style Apartment Complex In Tigard For $9M

Property Image
SOLD
$9,000,000

Oregon

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MultiFamily
Sold 04/29/2025
the dealdetailscomps
Property Image
SOLD

Spencer Palmer Of Montgomery Partners Acquires 53-Unit Garden-Style Apartment Complex In Tigard For $9M

10650 Southwest 121st Avenue

See Similar Deals
MultiFamily
Sold 04/29/2025
the dealdetailscomps

Summary

OREGON
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in the transaction is a 53-unit garden-style apartment complex located at 10650 Southwest 121st Avenue in Tigard, Oregon. The asset spans 4.56 acres and is classified as MultiFamily. The transaction was completed on April 29, 2025, with a sale price of $9,000,000, translating to a price per unit of $169,811.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $9,000,000
  • Units: 53
  • Price Per Unit: $169,811
  • Address: 10650 Southwest 121st Avenue
  • Market: Tigard, OR
  • Acres: 4.56
  • Buyer: Spencer Palmer - Montgomery Partners

Montgomery Partners has recently entered the Pacific Northwest market with this acquisition, targeting a value-add renovation strategy for 45 units and shared amenities. This approach is intended to capitalize on strong local housing demand.

Players

MP
Montgomery Partners
BUYER

Details

SOLD
IMAGE: 04/29/2025 ADDRESS: 10650 Southwest 121st Avenue MARKET: Tigard, OR ASSET TYPE: MultiFamily ~ ACRES: 4.56 BUYER: Spencer Palmer - Montgomery Partners SALE PRICE: $9,000,000 UNITS: 53 ~ PPU: $169,811 NOTE: Montgomery Partners has entered the Pacific Northwest market with a $9M acquisition of Westwood Green, a 53-unit garden-style apartment complex in Tigard, Oregon. The firm plans a value-add renovation strategy targeting 45 units and shared amenities, aiming to capitalize on strong local housing demand.

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