June 17, 2025

NORRIS & STEVENS, INC. BROKERS $3.1M INVESTMENT SALE OF THE CLAY STREET APARTMENTS IN PORTLAND, OREGON

Structure Redevelopment, LLC recently completed the $3,100,000 sale of the Clay Street Apartments, a multi-family property located at 3757 SE Clay Street in Portland, Oregon.

Constructed in 2023, the Clay Street Apartments is a 15-unit asset situated in the heart of SE Portland’s trendy Hawthorne neighborhood. Totaling approximately 7,357 square feet, Clay Street consists of one studio; 12 one-bedroom, one-bathroom units; and a pair of two-bedroom, two-bath­room units. Amenities include modern fixtures and appliances, LVT flooring, in-unit washer and dryer, and air conditioning vent ports.

Ideally situated just off of SE Hawthorne Blvd, the Clay Street Apartments puts tenants within walking distance of the Hawthorne neighborhood of Portland, known for its local shops, vintage boutiques, and diverse dining options. Also, near parks and public transit, Clay Street is a prime location for car-free commuters.

Jake Holman with Portland-based Norris & Stevens, Inc., and Cameron Mercer with The Daniels Group, LLC, represented the Seller. The Buyers were self-represented in the transaction.

Norris & Stevens, Inc. is one of the largest locally-owned, full-service commercial real estate brokerage firms in Oregon and SW Washington. A member of the TCN Worldwide network, the firm was founded in 1966 and currently employs around 75 professionals in investment sales, leasing and property management for office, industrial, retail, land, and multi-family properties. The firm’s property management portfolio exceeds 7 million square feet of commercial space and 11,000 apartment units.

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