Midland Apartments LLC Acquires 94-Unit Multifamily In Portland For $12M

A multifamily property located at 2016 SE 122nd Ave in Portland, OR has been sold for $12,000,000. The property consists of 94 units, resulting in a price per unit of $123,711. The transaction took place on January 11, 2023, with Midland Apartments LLC purchasing the property from El Moro LLC.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $12,000,000
• Address: 2016 SE 122nd Ave, Portland, OR
• Market: Portland, OR
• Buyer: Midland Apartments LLC
• Seller: El Moro LLC
• Brokers: David Chatfield & Timothy Mitchell - Norris & Stevens
• Units: 94
• Price Per Unit: $123,711

David Chatfield and Timothy Mitchell from Norris & Stevens represented the buyer and seller in this transaction.