Structure Redevelopment, LLC Sells 15-Unit Clay Street Apartments In Portland For $3.1M

The property asset involved in this transaction is the Clay Street Apartments, located at 3757 Southeast Clay Street in Portland, OR. This multifamily asset features 15 units and was sold for $3,100,000. The building encompasses a total area of 7,357 square feet and was completed in 2023, offering a mix of studio, one-, and two-bedroom units equipped with modern amenities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,100,000
• Units: 15
• Price Per Unit: $206,667
• Seller: Structure Redevelopment, LLC
• Brokers: Jake Holman - Norris & Stevens & Cameron Mercer - The Daniels Group, LLC

This transaction included the involvement of Structure Redevelopment as the seller, represented by brokers Jake Holman from Norris & Stevens and Cameron Mercer from The Daniels Group, LLC. This collaborative effort facilitated the sale of the newly built development located in the Hawthorne neighborhood.