July 20, 2022: The Orchard Court Apartments, a beautiful 50 unit apartment complex in Keizer, Oregon, sold for $9,000,000. The property consists of ten buildings, off-street parking, and most of…
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SOLD: The Hall Street Apartments, a 26 unit complex located in Beaverton, Oregon sold for $4,300,000. From the property flyer: The Hall Street Court Apartments is located in central Beaverton,…
Despite the pandemic, the plex market demand for 3-4 unit buildings is still high. Similar to the residential market, the 3-4 plex market has a high demand from buyers, especially…
In an open letter to Metro Family NW members, Executive Director Deborah Imse wrote about a potential last minute extension to the Oregon eviction moratorium. This is contrary to the…
SOLD! The 8 unit apartment building, located at 2127 E. 6th Street in Vancouver, Washington, sold for $981,100. The property was owned by a long-term owner, with a quality tenant…
SOLD! The Fessenden Court Apartments, a rent restricted and income restricted deal originally built by the Peninsula CDC (now defunct) sold for $860,000. The property features nine, three-bedroom, one bath…
Apartmentlist.com’s latest rent report is out, they are reporting that rents are recovering post COVID across the country, with Portland rebounding slightly at a 0.6% month-over-month increase. The national rate…
I recently delivered a webinar for Metrofamily NW titled: “The Top 10 Ways To Maximize Your Apartment NOI in 2021”, and in this changing market, the “tricks of the trade”…
I recently delivered a webinar for Metrofamily NW titled: “The Top 10 Ways To Maximize Your Apartment NOI in 2021”, and in this changing market, the “tricks of the trade”…
SOLD: The Hudson Apartments, a 20 unit apartment building sold for $2,850,000 on December 31,2020. The property features 20 one-bedroom units, located in a quiet setting with views of Oregon…
What a crazy year we had in 2020! A internet meme’s are proclaiming: “Hindsight is 2020”, cheers to looking forward to a hopeful and positive new year. I am providing…
In a release on December 15, Kate Brown is calling a special session, which most likely includes extending the eviction moratorium and a relief fund for landlords and tenants. The…
TOP TREND #4: Migration Patterns Away From Urban Core I am seeing 3 major migration patterns due to COVID: #1: Covid tended to get people to move from urban to…
2020, what a year! Last week, I gave one of our quarterly seminars regarding the top apartment market trends I am seeing during the pandemic. While a lot of uncertainty…
For sale, two vintage duplexes on one tax lot, listing price is $1,275,000. The property is located at 410 SE 10th Avenue, Portland, Oregon. This charming, 1906 year built…
In their December, 2020 report, Apartmentlist.com outlines the rental decreases in Portland and the increases in the surrounding areas like Hillsboro, Beaverton, and Gresham, Oregon, which matches the urban decreases…
Since 2012, I have provided quarterly seminars for our clients on multi-family related topics. This quarter’s topic, “The Top 7 Apartment Trends Due to COVID” is timely, as everyone is…
Oregon lawmakers are in session at this moment, on the docket is a proposal for extending Oregon’s tenant eviction ban. Currently, the Oregon eviction ban is scheduled to end at…
Friday afternoon I received an email from my property manager informing me of a surprise legislative hearing about allowing tenants to not pay rent until July 1, 2021 if they…
In my brokerage practice, the primary value I want to provide for my clients is providing high quality representation (and all that representation entails, which in my opinion is dramatically…
Avail.com is a national website that provides resources for landlord, specifically in regard to landlord/tenant laws, regulations, and trends. While Avail.com just published this article: “Increasing Property Taxes and Falling…
I subscribe to a number of commercial real estate newsletters and subscription services, and I especially enjoy reading the headlines of BISNOW Pacific NW that focuses primarily on the Seattle…
Apartmentlist.com released their monthly report, here is the summary: Since January, rents in the city of Portland are down 4.1% while rents in nearby suburban areas are, on average, up…
The Commercial Association of Brokers is a local organization who posted their election summary, here are the highlights below: CAB continually monitors local, regional, and state governments for any action…
Portland, Oregon city leaders have pushed the “Rental emergency” for years, now that the data reflects a substantial rental decrease of 6%* will the city leaders rescind the emergency status?…
The number one mistake I see apartment owners make is they fall into the trap of thinking (or assuming) that their property manager is their asset manager. Typically, smaller properties…
Apartmentlist.com just released their COVID survey, this quarterly renter migration report discusses the “Covid effect” on apartment tenancy. Here are the highlights for Portland: 37.0% of those looking for…
The Center for Real Estate at Portland State University released their Flash Poll for June, the university created the poll to understand the COVID-19 virus, here is their statement below:…
The Multnomah County Economic Indicators May report was just released, and there are no surprises: unemployment is way up, and building permits were way down (major decrease in single family…
I suscribe to a number of economic journals and publications, and this month’s rent report from Apartmentlist.com has the following highlights (note the methodology for this information skews towards “luxury”…
These are strange days indeed! I speak to investors daily, and the main question they are asking is “What is really going on out there in the apartment market?”…
Bernard Gehret and Hunter Brookshier of Joseph Bernard Investment Real Estate represented the buyer and sellers of the Dorchester House Apartments. For more information about this sale or the market, call Bernard Gehret or Hunter Brookshier at 503-546-9390. Click HERE for more information on the property.
FOR SALE: The twelve unit Lindsey Park Apartments is offered for sale at $2,500,000. This twelve unit listing features a mix of two bedroom one and half bath units, three…
FOR SALE: The eight unit multi-family building is located at 845 NW Gerth Avenue, Salem, Oregon, being offered at $880,000. This eight-unit listing features a mix of four, one-bedroom units,…
FOR SALE: The Goodrick-Spencer Apartments and the Scruggs Townhomes are being offered as one, 75 unit property for sale, located at 608 NE 87th Avenue, the listing price is $14,500,000….
SOLD: The fourteen unit mixed use (two commercial spaces, and twelve apartment units) building, “The Broadway Apartments”, located at 2007 NE Broadway Street, Portland, Oregon sold for $2,492,500. PROPERTY FEATURES:…
SOLD: The five unit apartment building located at 9105 NE Hoyt Street, Portland, Oregon, sold for $630,000. PROPERTY FEATURES: The five unit building featured four, one-bedroom units, and one,…
www.apartmentlist.com reports that Portland rents have increased for the third straight month, also published in the Rental Housing Journal: Portland rents rose again in September and continued the upward trend…
Great question! Costar.com published an article on September 26, 2019 attempting to use analytics to decode if the recent Oregon rent control has effected investor behavior in the multi-family sector….
SOLD: The 1964 year built, five unit apartment building located at 1000 W. 23rd Street, Vancouver, Washington, sold for $800,000 in September, 2019. PROPERTY FEATURES: -Hardwood floors -Off street parking…
The La Crescenta Apartments Sold in Milwaukie, OregonSOLD: The 19 unit La Crescenta Apartments sold in Milwaukie, Oregon for $1,850,000. The property was owned by one ownership group since 1989,...
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Beaverton, Oregon: The St. Mary’s Crossing Apartments sold for $3,400,000, the property featured 29 units, with a large lot, extensive parking, and historically low vacancy rate. The St. Mary’s Crossing…
FOR SALE: The Colonial Heights Apartments is a 19 unit apartment complex located at 890 NW Division Street in Gresham, Oregon, for $3,600,000. The apartments are a fantastic location for…
FOR SALE, The Dorchester House Apartments, Lincoln City, Oregon: $4,400,000. The Dorchester House Apartments is a one of a kind investment opportunity, a turnkey apartment building perfectly located in the…
Scappoose, Oregon: The “Oregon First” office building sold recently for $470,000, it contains seven offices with a large parking lot, perfect for small business. Highlights of the property: -Turnkey office…
*SPECIAL EDITION APARTMENT INVESTOR SERIES* OREGON RENT CONTROL: HOW TO NAVIGATE BUYING, SELLING, AND OPERATING APARTMENTS WITH NEW RENT CONTROL LAWS Oregon became the first state in the country to…
This video is a quick snapshot of the Portland, Oregon apartment market in 2018 with the largest sale of the year and the transaction statistics, the market was busy!
RESIDENTIAL PRICES ARE ADJUSTING IN PORTLAND, OREGON Even though I focus on multifamily brokerage, I subscribe to the RMLS advertisement feed for brokers marketing residential properties in Oregon. Sometimes, (but…
The Rental Housing Alliance of Oregon is a resource for Oregon Landlords, and their website states: “RHA Oregon Advocacy- Supporting Oregon Landlords Since 1927” Also: “RHA Oregon has been the…
https://www.youtube.com/watch?v=XUGK3PzBYUg
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From the April, 2019 issue of “Units” magazine, the top 10 cities where studio rent increased and decreased the most, Portland is #10. I suspect the article has a confusing…
The Walnut Grove Apartments, located at 3803 NE 152nd Avenue, sold in March, 2019 for $4,000,000. The property consists of 32 units with a mix of one, two and three…
The Helenas Court Apartments sold on March 25, 2019 for $2,140,000. The beautiful, turnkey apartment was operated by three generations in one family, and was immaculately maintained. SALES SUMMARY: Price:…
The Meadowbrook Apartments, a 48 unit complex located in McMinnville, sold for $4,800,000. The well operated property featured a mix of one and two bedroom units, a quiet rolling hillside…
As reported in the Statesman Journal, the first legislative session occurred on Monday, February 4, 2019. If you are a property owner and/or landlord, and are wondering about the tone…
New listing: 8 Units, located at 1406 SE 27th Avenue in Portland, Oregon is offered for sale at $2,139,000. For more information, call Bernard Gehret at Joseph Bernard Investment Real…
Government Affairs Alert from Metrofamily NW Regarding Proposed Senate Bill On Rent Control (SB 608)
Here is the latest alert from Deborah Imse, President of Metrofamily NW regarding government activity on rent control: Dear Multifamily NW Members & Interested Parties,Today the Oregon Legislature opens for…
SOLD! The five unit multi-family property located at 519 SE 20th sold for $1,125,000. PROPERTY HIGHLIGHTS: -Two-bedroom, one bath units -Fantastic, close-in SE Stark and 20th Avenue location -Off-street parking…
Recently sold: 8 units located at 2354 NW Glisan Street, Portland, Oregon for $1,300,000. The property features a fantastic NW Alphabet District location, one half block from NW 23rd. TRANSACTION…
Portland, Oregon: Sold! The Emma Manor Apartments located at 7934 SW Barbur Blvd, Portland, Oregon recently sold for $1,475,000. The well located property is just a few minutes from downtown,…
SOLD! Ten units sold for $1,100,000, the property is located at 141 Hrubetz Rd. SE, Salem, Oregon. The well maintained property featured a laundry room, large two bedroom units,…
SOLD! The close-in four plex located at 2835 SE Yamhill in Portland, Oregon sold for $935,000 earlier this fall. PROPERTY FEATURES: -Fantastic, close in SE location -Vintage building and units…
SOLD! 22 units, Vancouver, Washington, the Greystone Apartments sold for $2,450,000. The property consists of one and two bedroom units, and was renovated and well maintained by the…
SOLD! Earlier this summer, the Parke Place Apartments located on the corner of NE Alberta and NE Cleveland Avenue sold for $2,900,000. The vintage apartments were well maintained with a…
SOLD! From earlier this year, twelve unit Eastbank Quarters sold in the Sellwood neighborhood for $3,150,000. The 2017 year built property features six, one-bedroom units, and six two-bedroom one and…
Sold! Fourteen units sold in Mt. Angel Oregon for $799,000. The Engelheim Apartments, which translates in German as the “Angel Home”, consists of thirteen one bedroom, one bath units,…
SOLD! The Broadway apartments sold on October 1, 2018 for $2,350,000. The mixed-use property consists of twelve apartments with two retail spaces, including the popular Saint Simon Coffee Co. coffee…
NEW LISTING: 8 units for sale, 2354 NW Glisan, $1,400,000 Located in the heart of Portland’s NW Alphabet District, this charming eight unit building in on the market for the…
SOLD! Gresham, Oregon: Seven units sold for $875,000 in Gresham, Oregon, the property features two buildings, a three unit flat building, and a four-unit, two-story building on the same tax…
NEW LISTING: Five units located close-in at 519 SE 20th Avenue, Portland, Oregon for $1,100,000. The property was purchased in 2017, then renovated with a new tenant base in 2018…
NEW LISTING: This property is a commercially zoned (CM3), mixed use property currently being utilized as a personal residence and Airbnb rental. The immaculate 7 bedroom, 4 bath property was…
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The #1 Real Estate Secret, Part II WHY ARE YOU REALLY BUYING REAL ESTATE? Many Super Successful investors have specific criteria regarding (at least) three major criteria when buying:…
“KNOW THYSELF” These are the words inscribed above the greek temple of Apollo at Delphi and is a maxim attributed to the greeks and even the ancient Egyptians, who…
SOLD: 1901-1909 N. Killingsworth Street, Portland, Oregon The mixed use retail that contains two businesses and an apartment sold for $875,000. PROPERTY INFORMATION: 1909 Year built Zoned: CS “Storefront…
Here is a quick one minute video on an example of a seller selling a property and reinvesting the proceeds into the same amount of units but a higher quality…
Portland, Oregon: Sold! 8 Units on N. Portsmouth This vintage eight unit sold for $820,000 and features studios and one bedroom units. The property is located just north of…
In this video, “12 Reasons Why Sellers Are Selling in 2017/18, Part II” I discuss what I am seeing on more reasons why sellers sold their apartment buildings in Oregon…
There are always reasons why sellers of commercial real estate properties sell. In the past, a large part of the sellers sold for the simple reason: they were completing…
For Sale in Portland, Oregon: Beautiful vintage sixteen unit on the corner of NE Alberta Street and NE Cleveland Avenue in northeast Portland just off the Alberta Street exit on…
Located on a quiet street South of SE Stark in Gresham, this 7 unit property features large two and three bedroom, one and one half bath units with ample…
RARE ALBERTA ARTS investment opportunity! This unique and beautifully maintained Alberta Arts four-plex, located on the corner of NE Alberta and NE 10th Avenue, features four immaculate one bedroom and…
FOR SALE: 6 Multi-family units built in 2015 is listed for $1,200,000. Property Summary Beautiful 2015 year built just North of the W. Lombard exit off the I-5 freeway. 6.20%…
ESTACADA, Oregon: We are pleased to announce the sale of the 24 unit apartment property in Estacada, Oregon. The property sold for $2,550,000. The property is a well-built, 1996 construction…
PORTLAND, Oregon: Joseph Bernard Investment Real Estate is happy to announce a new listing for sale located on two adjacent tax lots: 1001 and 1025 SE Sandy Boulevard, Portland, Oregon,…
VANCOUVER, Washington: Joseph Bernard Investment Real Estate recently sold the Bryant Village Apartments, 22 units located east of I5 in the central area of Vancouver, Washington. The multifamily property featured…
PORTLAND, Oregon: Recently this summer, we sold 75 units for Multnomah University, the property consisted of two buildings: a fifty two unit and twenty three unit apartments. The sale price…
GLADSTONE, Oregon: The eight unit “rehab” multifamily property sold this fall with a price of $750,000. While the price of the property sold for below the market average in secondary…
SALEM, Oregon: The King Apartments sold for $850,000, and features twelve, one-bedroom units. The property is located across the street from North Salem High School, has off-street parking, vinyl windows…
Bernard Gehret of Joseph Bernard Investment Real Estate discusses the Salem, Oregon Apartment Market. Values dramatically increased, with more out of town investors than ever. For more information on…
Bernard Gehret of Joseph Bernard Investment Real Estate discusses the 2016 Portland apartment market, this video highlights trends in the Portland apartment market. He highlights tips for buyers, sellers and…
Bernard Gehret of Joseph Bernard Investment Real Estate discusses the 2016 Portland apartment market, this video highlights trends in the Portland apartment market. He highlights tips for buyers, sellers and…
Bernard Gehret of Joseph Bernard Investment Real Estate speaks about the 2016 Apartment sales market for Portland, Oregon. He discusses cap rates, price per unit, price per square feet and…
Here is a quick summary of the Portland, Oregon apartment market including the largest and smallest sales of the year. For more information, call Bernard at 503-546-9390.
At the 2016 “Portland & Salem Year in Review” seminar, I discussed the apartment market and reviewed the actual trends and sales data. This video is a clip on…
MULTI-FAMILY FOR SALE IN PORTLAND: The Goodrick-Spencer Apartments is listed for sale at $3,500,000, and is a great “value add” opportunity without having to complete major repairs or renovations….
The 52 unit Scruggs Townhomes represents a great opportunity to create a “value add” deal at a 7%+ cap rate without having to complete deferred maintenance. FOR SALE; The Scruggs…
A big question on many apartment investors’ minds for 2017: is Portland overbuilt for apartments? Based on a quick look, it appears the answer is “NO”. According to the…
