Property profile

537 SE Alder St Portland, OR 97214

FOR LEASE
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Property ID
US71-0403650
12,254 SF 0.3 ac Built 1931
Last sale Nov 2019·$2,350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a historic building in Portland’s Central Eastside, located at 537 SE Alder St, comprising approximately 18,248 square feet. Notable architectural features include exposed brick, timber elements, and stained-glass. A prior interior buildout has been removed, leaving the interior configured as a clear starting point for renovation. Permit-ready drawings are on hand for a large-scale renovation, and the site presents potential for outdoor space. The building has been identified as…

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?
$16k
Tax billed · 2023
Assessed value$599k
Effective rate2.65%

Value estimate

· Nov 2026
$2.32M
$2.09M – $2.55M
Submarket $/SF estimate$2.61M

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

Recently sold

What actually traded nearby?
$290/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$213 – $415
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?
EXD
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat8.8
Optical Shop8.6
Shoe Repair7.8

Location

537 SE Alder St Portland, OR 97214
County assessor Recorded deeds · 2 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2532 Hawthorne, Portland, OR 97214-3927 $5,000,000 May 2025 9,847 SF
421 10th, Portland, OR 97214-1311 $628,938 Jan 2025 5,857 SF
1902 Morrison, Portland, OR 97214-2733 $2,650,000 May 2024 8,000 SF
905 14th, Portland, OR 97214-2549 $4,900,000 Aug 2023 12,154 SF
2415-2419 11th, Portland, OR 97214 $800,000 Sep 2021 5,000 SF
2136 8th, Portland, OR 97214-4608 $3,500,000 Oct 2019 5,000 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
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Includes: Price & PSF · Cap rate · Location · Zoning

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