July 27, 2023
NORRIS & STEVENS, INC. BROKERS $3.5M APARTMENT SALE IN PORTLAND, OREGON
2909 N Willamette LLC recently completed the $3,500,000 purchase of the Cliff Manor Apartments, a 20-unit apartment community located at 2909 N Willamette Boulevard in Portland, Oregon.
Constructed in 1963, the approximately 11,000 square foot multi-family property’s unit mix comprises of studios, one-bedroom, and two-bedroom apartments, ranging from 294 to 593 square feet. Ground floor units feature patios, while second floor units include vaulted ceilings. The community features a beautiful private courtyard, on site laundry facility, and off-street parking. Conveniently located in the desirable Overlook neighborhood in North Portland, the Cliff Manor Apartments are within close proximity to the US Adidas headquarters, the University of Portland, Legacy Emanuel Hospital, multiple shops and restaurants, TriMet bus lines, and major transportation arterials.
Cameron Mercer and David C. Chatfield with Portland-based Norris & Stevens, Inc. represented both the Buyer and the Seller, Hayes Family Management, LLC, 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 5.9 million square feet of commercial space and 9,100 apartment units.