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    Property profile & analytics

    5265 15Th Ave Portland, OR 97211

    • Residential income homes
    • 2,548 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0076086
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 5265 15Th Ave

    Year built
    2022
    Property size
    2,548 SF
    Property type
    Residential income homes
    Property subtype
    Dormitories

    Description

    This exceptional 2022-built, three-story multifamily home in Portland's desirable Alberta Arts District offers a unique investment opportunity. Boasting 2,548 square feet, the property features two distinct units: a spacious main unit with four bedrooms and 2.1 bathrooms, and a separate lower-level unit with one bedroom and one bathroom. The main unit showcases an open-concept living area perfect for entertaining, a chef's kitchen with stainless steel appliances, and a charming faux balcony. Upstairs, the primary suite includes ample closet space, and two additional generously sized bedrooms, each with its own walk-in closet. The lower-level unit, upgraded with soundproofing, offers a private entrance, open-concept living room, full kitchen, and a spacious bedroom with bathroom. The property also includes a covered deck and a private, fenced yard. Currently operating as a successful Airbnb with a transferable Type B Rental Permit, this property presents a blend of luxurious living and income-generating potential. Located in a highly walkable and bikeable area (WalkScore 96, BikeScore 100), this home is a rare find in a thriving community. The property is zoned R2.5 and sits on a single building on a lot in Multnomah County, Oregon, with the address 5265 NE 15th Ave, Portland, OR 97211. The asking price is $849,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6498871
    Latitude
    45.5611483

    Comparable in this City

    • $2,500,000
      2.49 Acres

      Sunderland: 40-Unit Development Site

      Portland multifamily land, R-10 & IC zoning.
      7130 33Rd Dr, Portland, OR 97211
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    • New
      $2,579,900
      6,408 SF

      New Townhome-Style Units in Portland

      Six townhome-style units in high-demand NE Portland neighborhood.
      3001 NE Ainsworth St, Portland, OR 97211
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    • New
      $895,000
      0.09 Acres

      Remodeled Duplex in Portland, Oregon

      Turnkey duplex with strong rental income potential in Portland.
      4824 NE 8Th Ave, Portland, OR 97211
      View Details
    • $1,575,000
      2,834 SF

      Alberta Arts District Mixed-Use

      Portland, OR: 5-unit, high-return investment
      1458 Alberta St, Portland, OR 97211
      View Details
    • $319,900
      836 SF

      Modern Home Near Alberta Arts

      Modern home near Alberta Arts District with private fenced yard.
      2519 NE Killingsworth St, Portland, OR 97211
      View Details
    • $375,000

      Remodeled Victorian Condo with Charm

      Charming, remodeled Victorian condo with modern amenities and sweeping views.
      6817 NE 7Th Ave, Portland, OR 97211
      View Details

    Similar Nearby for Sale

    • $2,500,000
      2.49 Acres

      Sunderland: 40-Unit Development Site

      Portland multifamily land, R-10 & IC zoning.
      7130 33Rd Dr, Portland, OR 97211
      View Details
    • New
      $2,579,900
      6,408 SF

      New Townhome-Style Units in Portland

      Six townhome-style units in high-demand NE Portland neighborhood.
      3001 NE Ainsworth St, Portland, OR 97211
      View Details
    • New
      $895,000
      0.09 Acres

      Remodeled Duplex in Portland, Oregon

      Turnkey duplex with strong rental income potential in Portland.
      4824 NE 8Th Ave, Portland, OR 97211
      View Details
    • $1,575,000
      2,834 SF

      Alberta Arts District Mixed-Use

      Portland, OR: 5-unit, high-return investment
      1458 Alberta St, Portland, OR 97211
      View Details
    • $319,900
      836 SF

      Modern Home Near Alberta Arts

      Modern home near Alberta Arts District with private fenced yard.
      2519 NE Killingsworth St, Portland, OR 97211
      View Details
    • $375,000

      Remodeled Victorian Condo with Charm

      Charming, remodeled Victorian condo with modern amenities and sweeping views.
      6817 NE 7Th Ave, Portland, OR 97211
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,778 SF

      Columbia Blvd Warehouse - 15,778 SF

      Prime Industrial Space, Excellent Location
      81 Columbia Blvd, Portland, OR 97211
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    • $10 SF/Yr
      22,157 SF

      Portland Industrial Flex Space

      Versatile Portland industrial space available
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    • $2 SF/Yr
      1,430 SF

      Retail Space in Portland, Oregon

      Retail space available for lease in Portland, Oregon.
      4602 NE Killingsworth St, Portland, OR 97211
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    • Contact for pricing

      Improved Yard Space in Portland

      1.68 acre improved yard space for lease in Portland.
      259 NE Gertz Rd, Portland, OR 97211
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    • Contact for pricing
      1,334 SF

      Retail Space with Hood System

      Retail space featuring operable storefront windows and Type 2 hood.
      2924 NE Alberta St, Portland, OR 97211
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    • $1,000 /Mo
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      Office Space with Coffee Bar

      Open office space featuring a coffee bar in Portland, Oregon.
      7515 NE 13Th Ave, Portland, OR 97211
      View Details
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    5265 15Th Ave
    Portland, OR 97211
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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