June 16, 2026
NORRIS & STEVENS, INC. BROKERS $1.55M INVESTMENT SALE OF THE EVELYN APARTMENTS IN PORTLAND, OREGON
Norris & Stevens, Inc. recently completed the $1,550,000 investment sale of the Evelyn Apartments, an apartment building located at 1215 NW 21st Ave in Portland, Oregon.
Located in northwest Portland’s trendy Slabtown neighborhood, the 9-unit multi-family property was constructed in 1911 and totals approximately 10,870 square feet. The unit mix consists of a 1 bed/1 bath unit at 500 square feet, seven 2 bed/1 bath units at 650 square feet, and a 3 bed/1 bath unit at 750 square feet.
Along with secure access including an alarm system and security cameras, The Evelyn also offers basement storage lockers for each unit. Many updates and improvements had been made to the property recently, including a new efficient central water heater, interior and exterior paint, an updated entry system, new carpeting, and a new roof.
David C. Chatfield and Jake W. Holman with Portland-based Norris & Stevens, Inc. represented the Seller, Evelyn, LLC, and the Buyers, RH Evelyn LLC / ADR Investments I, A LLC, represented themselves 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 10,500 apartment units.
