Next Wave Investors LLC Acquires 180-Unit Multifamily In Portland, OR For $34M

The multifamily property located at 224 SE 188th Ave in Portland, OR has been sold. The transaction took place on September 16, 2022, with a sale price of $34,000,000. This property consists of 180 units, resulting in a price per unit of $188,889.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $34,000,000
• Address: 224 SE 188th Ave, Portland, OR
• Market: Portland, OR
• Units: 180
• Price per Unit: $188,889
• Buyer: Next Wave Investors LLC

Next Wave Investors LLC served as the buyer in this transaction, representing their interests. This sale represents a significant investment in the Portland, OR market and highlights the continued demand for multifamily properties in the area.