RH Evelyn LLC And ADR Investments I, A LLC Purchase Nine-Unit Multifamily Property In Portland For $1.55M

The Evelyn Apartments, located at 1215 Northwest 21st Avenue in Portland, OR, is a multi-family property comprising nine residential units. The building, which has a total square footage of 10,870, was sold for $1,550,000. Each unit in this property has been upgraded, including features such as a new roof and an updated entry system.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,550,000
• Square Footage: 10,870
• Price Per Square Foot: $143
• Units: 9
• Price Per Unit: $172,222
• Buyer: RH Evelyn LLC & ADR Investments I, A LLC
• Seller: Evelyn, LLC
• Brokers: David Chatfield & Jake Holman - Norris & Stevens

This transaction was facilitated by Norris & Stevens, Inc., reflecting the involvement of experienced brokers David Chatfield and Jake Holman, who represented the parties in this sale. The Evelyn Apartments was constructed in 1911 and is situated in the Slabtown neighborhood, an area known for its residential appeal.