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Gregory Fowler Of FPA Multifamily Acquires Multifamily Properties In Portland For $25.5M

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SOLD
$25,500,000

Oregon

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MultiFamily133,584 SF
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Gregory Fowler Of FPA Multifamily Acquires Multifamily Properties In Portland For $25.5M

5132 Southwest Slavin Road & 711 Southeast 60th Avenue

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MultiFamily133,584 SF
Sold
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Summary

OREGON
Asset Type:MultiFamily
Price Per Square Foot:$190
Total Square Footage:133,584 SF
Transaction Type:Sale

The transaction involves two multifamily assets located at 5132 Southwest Slavin Road and 711 Southeast 60th Avenue in Portland, OR. The sale price for these properties was $25,500,000. The combined unit count for both properties totals 178, with the price per unit calculated at $143,258. The total square footage is 133,584, resulting in a price per square foot of $191.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $25,500,000
  • Buyer: Gregory Fowler - FPA Multifamily
  • Seller: Julie Ann Culver
  • Brokers: Michael Koshet & Cameron Schwab - Keller Williams Realty
  • Total Units: 178
  • Square Footage: 133,584
  • Price Per Unit: $143,258
  • Price Per Square Foot: $191

The brokers involved in this transaction, Michael Koshet and Cameron Schwab of Keller Williams Realty, facilitated the off-market sale of Greenbriar Village, a 139-unit multifamily community, and Julie Ann Apartments, a 39-unit multifamily community located in Portland, Oregon. They expressed interest in future off-market multifamily opportunities, highlighting their readiness to bring experienced buyers to the table.

Players

Michael Koshet
8 deals$223.4M volume(818) 915-3829
BROKER

Cameron Schwab
Keller Williams Realty
1 deal$25.5M volume(503) 451-0745
BROKER

Keller Williams Realty
BROKERAGE

Details

SOLD
IMAGE: Michael Koshet, Greg Fowler & Cameron Schwab DATE: 09/30/2025 ADDRESS: 5132 Southwest Slavin Road & 711 Southeast 60th Avenue MARKET: Portland, OR ASSET TYPE: Multifamily BUYER: Gregory Fowler - FPA Multifamily SELLER: Julie Ann Culver BROKERS: Michael Koshet (@MrKoshet) (@Offmarket) & Cameron Schwab (@CSchwab1) - Keller Williams Realty (@KellerWilliamsRealty) SALE PRICE: $25,500,000 UNITS: 178 ~ PPU: $143,258 SF: 133,584 ~ PPSF: $191 NOTE FROM BROKER: KW Commercial is pleased to announce the off market sales transaction of Greenbriar Village, a 139 unit Multifamily community in the heart of Portland Oregon & Julie Ann Apartments, a 39 unit Multifamily community also in Portland Oregon. Feel free to reach out if you have any deliverable off-market multifamily opportunities that we can bring one of our experienced buyers to. Our buyers are happy to pay our fee, and purchase nationally @offmarket

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,360,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$90,596.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$120,883.01
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