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    1215 NW 21St Ave Portland, OR 97209

    For Sale
    $1,700,000

    Vintage 9-unit apartment building in desirable Nob Hill neighborhood.

    Property size:
    10,870 SF

    Property Features for 1215 NW 21St Ave

    General Information

    Size
    10,870 SF

    Building Details

    Year built
    1911

    Source: David Chatfield Agent David Chatfield

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Portland Multifamily Investment Opportunity

    The Evelyn Apartments, a 9-unit property, is located in the Nob Hill neighborhood of downtown Portland. The unit mix includes seven 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one 3-bedroom/1-bath unit. The property is conveniently located with access to restaurants, shops, entertainment, and services. It is on the same block as Legacy Medical Center and two blocks from NW 23rd Avenue, and a few blocks from the Pearl District and Slabtown. The property features four small office spaces in the basement, basement storage lockers for each apartment, secured access with an alarm system and security camera. The building is well maintained and operated. Nob Hill is a desirable neighborhood with historic charm and a central location. The area offers a mix of local businesses and quiet residential streets. The property size is 10,870 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Evelyn Apartments Apartment Building

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Hair Salon Spa & Massage Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6949093
    Latitude
    45.5315682

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    FAQs

    What type of property is this?
    Apartment building - Vintage 9-unit apartment building in desirable Nob Hill neighborhood.
    Where is this apartment building located?
    The property is located at 1215 NW 21St Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Prime Nob Hill location, one of Portland's most desirable neighborhoods.; - Strong unit mix featuring primarily 2 bed/1 bath apartments.; - Convenient access to restaurants, shops, entertainment, and services.
    (503) 440-2178
    Request Owner's contact information
    1215 NW 21St Ave Portland, OR 97209
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    Portland, OR 97209
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1215 NW 21St Ave Portland, OR 97209
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