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Multifamily property sets pricing benchmark in evolving Oregon market

After repairs, 37-unit trades between private individuals
The 35,100-square-foot multifamily property has four buildings. (CoStar)
The 35,100-square-foot multifamily property has four buildings. (CoStar)
By Stone Brickhouse
CoStar Research
December 12, 2024 | 9:33 P.M.

Park Place Apartments, a 37-unit multifamily property in McMinnville, Oregon, has traded between private individuals for $5.7 million in one sign of growing interest in a market that sits about one hour from Portland by car.

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