Norton Ave Apartments

NORTON AVENUE APARTMENTS – BEND, OR
Selling Price: $2,050,000
Year Built: 1991
Total Units: 8 Units
Price Per Unit: $256,250

CLIENT SUCCESS STORY – LOCAL MARKET EXPERTISE DRIVES SPEED

CLIENT GOAL
The seller engaged the Christensen Group with the goal of achieving strong pricing in a short timeframe. Located in Bend’s desirable Orchard District, the property was professionally maintained and fully leased, making it an attractive asset for out-of-state exchange buyers seeking stability and long-term upside. The seller’s objective was to utilize the proceeds from this sale to complete a 1031 exchange into retail properties, allowing them to diversify and simplify management responsibilities within their portfolio.

CHALLENGE
While the Orchard District enjoys strong demand, the limited number of 1031-motivated buyers targeting smaller Central Oregon assets meant that capturing the right buyer quickly was critical. In this case, timing was everything: both the seller and the buyer were navigating strict deadlines within their respective transaction timelines.

ACTION
The Christensen Group launched a focused marketing effort tailored to 1031 buyers actively seeking quality assets in high-demand Oregon submarkets. Leveraging our national database and understanding of migration trends, we prioritized California-based investors looking to shift capital into Bend. The marketing materials emphasized location, walkability, and rent stability, positioning the property as an ideal upleg candidate.

RESULT
Within just 30 days of marketing launch, we secured a full-price, all-cash offer from a California-based family completing a 1031 exchange. The transaction closed in only 20 days, resulting in a total market time of just 50 days. The seamless close met the goals of both the buyer and the seller, exemplifying the Christensen Group’s proven process, local expertise, and ability to execute with precision.