Multifamily Mason

Success Stories.

Eleven01 // Record-Setting $309K/Unit in Wenatchee

Units

$25,980,000

Eleven01 was built by a local Wenatchee contractor completing their first large-scale multifamily project. At 80% occupancy with average rents near $2K, the property was not yet stabilized, and no comparable sale in Eastern Washington had ever exceeded $300,000 per unit. The Multifamily Mason team embedded with the property for over a year before closing, meeting with the property management team weekly, introducing new advertising programs, and increasing resident renewal rates by more than 50% during escrow. Our marketing campaign generated 21,000 impressions and 524 engagements, and our team made 184 one-on-one phone calls to qualified investors — the kind of direct, relationship-driven outreach that passive marketing cannot replicate in a secondary market. When headwinds arose and the path to closing became uncertain, our team persisted, creating value at the asset level and coaching the ownership group through every step. Eleven01 closed at $25,980,000 — $309K per unit — setting the first $300K-plus sale anywhere in the Inland Northwest.

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Second Street Site // Multifamily Land Sale in East Wenatchee

200

Permitted Units

$2,700,000

Second Street Site was a fully entitled, shovel-ready 8.8-acre parcel in East Wenatchee, permitted for 200 multifamily units, but the seller decided not to build the project and needed to redeploy their capital. The development market was challenging with competing new supply already in the pipeline, making buyers cautious. The Multifamily Mason team launched a comprehensive outreach campaign, engaging our Exclusive Buyer Network with one-on-one outreach to every prospective developer — regional and local apartment builders, homebuilders, and groups interested in land-banking. Each conversation was tailored to the buyer's specific strategy, walking through entitlement value, energy code savings, and infrastructure advantages. When market feedback revealed most groups were discounting the existing permits, we adapted our positioning to emphasize the site's raw fundamentals and flexibility. Second Street Site closed at $2,700,000, with the buyer planning to redesign and re-permit at a density that fit their investment thesis, and our team went from listing to close in approximately 6 months.

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Ridgecrest // 8 Offers in One Month

Units

$14,000,000

The developers behind Ridgecrest were experienced general contractors who built a high-quality 56-unit asset in the Tri-Cities but had never navigated a multifamily disposition. Before engaging Multifamily Mason, the ownership group had shopped the property off-market and received offers around $12.5M at $223K per door. Our team launched an aggressive marketing campaign, generating 13 property tours in three weeks and making over 100 individual phone calls to qualified investors. We created competitive tension by stacking tours, providing detailed underwriting support, and maintaining consistent communication with every qualified group. Rather than passively listing and waiting, our approach drove urgency and pricing discipline across the buyer pool. The result: 8 offers in one month, with 3 landing within 1% of asking price. Ridgecrest closed at $14,000,000 — $250K per unit — a full $1.5M above the best off-market offer the sellers had received, reversing the prevailing pricing trend in Tri-Cities new construction.

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About
Multifamily Mason.

The #1 multifamily team in the Inland Northwest. We focus exclusively on multifamily investment sales and asset management advisory, working with owners, investors, and developers across Eastern Washington, North Idaho, and Oregon.

#1 team

in middle market multifamily in the Inland Northwest

$300M+ assets

in multifamily sale volume across the Inland Northwest

30,000+ units

units analyzed by our team on behalf of multifamily owners

About our Team.

Our team has grown dramatically in the past few years, expanding service lines and offering robust support from analytics to operations to sales across submarkets.
Get to know the team behind $300M+ in multifamily transactions across the Inland Northwest.

Meet the Team

Services.

Multifamily Investment Sales, Multifamily Investment Sales

Multifamily Investment Sales, Asset Management Advisory

Valuations & Market Analysis Of Existing Multifamily Assets And Development Sites

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Provide Investors With Long-Term Portfolio Planning, Data, And Trends

In Each Market

Long-Term

“We did not fully believe Mason’s valuation of Irving Place at first, but he delivered above our expectations and on a record timeline, just 99 days from listing agreement to closing.”

Bob Bennett

Principal, Client

This was our fourth acquisition working with Mason and his team and each time they exceed our expectations. Mason represented us as a buyer and presented value from day one with a thorough understanding of the seller, the deal, and the market. He provided us with a deep dive into the South Hill submarket, rent comps, and asset-level insights that we hardly ever receive in the acquisition process. Mason strategically negotiated on our behalf leading to a major pricing discount and a fantastic deal.

Alex Mason

Norkirk Capital

“Mason continually adds value and provides insight to our team. We send all our Eastern Washington buyers to him and know he’ll provide excellent service and insights.”

Joleene Larson

Vice President, Avenue5

“Mason’s ongoing expertise and advisory has enabled us to view our properties in a new light, and based on Mason’s evaluation and guidance, we are executing full-scope value-add renovations and achieving record submarket rental rates in Pasco.”

Viraf Pudumjee

DHIJ Management

This was our first commercial multifamily acquisition. Mason made sure we saw 20+ deals before we found the Red Roof. He guided us through evaluating those deals, identifying which deals worked or didn’t and why, and ultimately found us this deal using creative financing. Once we secured the deal, Mason and his team coordinated every step along the way, connecting us with property managers, contractors, and third parties to make this a seamless acquisition. Ultimately, we landed a fantastic deal in a growing market and we’re ready to do the next one just like it!

Jeff & Maggie Grimm

Multifamily Investors

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Second Street Site // Multifamily Land Sale in East Wenatchee

Multifamily Mason closed this fully entitled, shovel-ready 8.8-acre development site in East Wenatchee at $2.7M.

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