Property profile

1221 23rd Ave 1249 Portland, OR 97210

OFF-MARKET
Apartment buildings
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Property ID
US71-0726595
13,142 SF 0.34 ac Built 1949
Last sale Oct 2022·$3,220,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$38k
Tax billed · 2023
Assessed value$1.43M
Effective rate2.65%

Value estimate

· Nov 2026
$2.97M
$2.67M – $3.27M
CAP approach$2.60M
Submarket $/SF estimate$4.19M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$310/SF
ZIP average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$244 – $410
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CS
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service12.4
Daycare Center9.4
Laundromat9.0

Location

1221 23rd Ave, Unit 1249 Portland, OR 97210-2905
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2356 Irving, Portland, OR 97210-3243 $2,200,000 Dec 2025 11,284 SF
2186 Glisan, Portland, OR 97210-3468 $2,460,000 Jan 2025 17,664 SF
2386 Burnside, Portland, OR 97210-3539 $6,500,000 Aug 2024 15,860 SF
1834 25th, Portland, OR 97210-3849 $5,650,000 Mar 2024 16,682 SF
2146 Johnson, Portland, OR 97210-3250 $2,750,000 Dec 2021 10,683 SF
2250 Thurman, Portland, OR 97210-2519 $6,000,000 May 2021 11,138 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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