Private Investor Acquires 50-Unit Apartment Bldg.
A local owner taking title as V.H.R. Co. LLC purchased The Arthur, a 50-unit multifamily building at 726 S.W. 11th Ave. in downtown Portland, OR, from another individual investor for $7.6 million, or approximately $152,000 per unit.
Located between Morrison St. and Yamhill St., the 18,102-square-foot apartment complex is immediately accessible to the Portland Streetcar and consists of a mix of studio floorplans ranging in size from 165 to 250 square feet, according to CoStar data. The five-story building was originally constructed in 1912, but was renovated in 2008.
Please see CoStar COMPS #4127457 for more information on this transaction.
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