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Updated about 4 years ago on . Most recent reply

User Stats

732
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490
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Neal Collins
  • Developer
  • Portland, OR
490
Votes |
732
Posts

Do you prefer vacant or occupied multifamily in Portland now?

Neal Collins
  • Developer
  • Portland, OR
Posted

We're selling several residential multifamily properties in Portland from our portfolio and for clients. We've strategically decided to sell when a unit has come up vacant so that potential buyers can walk through. I've had a couple interested buyers say that the value of the building is less since one of the units is vacant. 

Usually you can brush one off, several buyers suggest a trend. Am I missing something here?? Mind you these are 4 units and less.

Having vacant units in Portland is worth their weight in gold. You choose your tenants, not the ones your seller chose.

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