SW Multnomah Properties, LLC recently completed the $6,676,324 purchase of Park Fiesta Apartments, a 46-unit, approximately 33,180 square foot multi-family complex located at 2121 SW Multnomah Boulevard in Portland, Oregon.
Constructed in 1968, the 2-story apartment complex is situated on approximately 1.11 acres of land in the Multnomah district of Portland. Park Fiesta Apartments offers a unit mix of 1 bedroom/1 bathroom units at approximately 590 square feet, and 2 bedroom/1 bathroom units at approximately 790 square feet. The property is equipped with an on-site laundry facility, pool, and courtyard.
Cameron Mercer with Portland-based Norris & Stevens, Inc. represented the Buyer in the transaction. Craig McConachie with C&R Real Estate Services Co. represented the Seller, Park Fiesta LLC.
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 6 million square feet of commercial space and 9,100 apartment units.