Multiple Offers On New Multi-Family Listing: Is The Apartment Market Heating Up in Portland?

By February 21, 2013April 13th, 2021Portland Apartment News
The Apartment Building LIsted by Bernard Gehret is under contract with multiple offers

The Apartment Building Listed by Bernard Gehret is under contract with multiple offers

This week, I received multiple offers on a listing located at 2126 E. Burnside.  The vintage close-in four plex is in good condition in a great location, and we received multiple offers and many calls on the property immediately upon hitting the market!  While

this property is a small apartment complex, it may be an indicator for the larger properties in the Portland metro area, considering it is a low cap rate (approximately 5%).  Also, I have received more requests than usual this past month from sellers who wish to evaluate their properties for sale in 2013.  Keep your eyes peeled!

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Bernard Gehret

Bernard Gehret

Joseph Bernard Investment Real Estate