Exceptional investment opportunity awaits with Parkside Apartments, a 13-unit apartment building located in Independence, Oregon. This fee-simple property boasts 9,860 net rentable square feet across three, two-story buildings situated on a 0.48-acre lot. Built in 1969, the complex comprises twelve 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit, each with one assigned parking space. The asking price is $1,900,000, representing $192.70 per square foot and $146,154 per unit. …

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?

$11k

Tax billed · 2023

Assessed value$593k

Assessed land$58k

Assessed improvement$535k

Effective rate1.91%

Value estimate

· Nov 2026

$1.53M

$1.37M – $1.68M

CAP approach$1.78M

Submarket $/SF estimate$1.51M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$156/SF

County average, outlier-cleaned · 32 recorded sales of this use type

Observed band · Q1–Q3$102 – $199

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?

SUBCHAPTER 21: MEDIUM-DENSITY RESIDENTIAL (RM) ZONE 21.005 Purpose The purpose of the Medium-Density Residential (RM) Zone is to define a...

General categoryRESIDENTIAL

JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?

Best fit: Wholesale Shop

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Wholesale Shop9.5

Kitchen & Bath9.4

Convenience Store9.2

800 4th St, Unit 10 Independence, OR 97351-1822

County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file 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 · 10 properties nearby

Address Sale price Sold Size

150 H St, Independence, OR 97351-2303 $2,600,000 Aug 2025 No data

320 Evergreen, Independence, OR 97351-1646 $320,000 Sep 2023 12,039 SF

1150 Picture, Independence, OR 97351-9644 $450,000 Jul 2022 5,055 SF

110 I, Independence, OR 97351-2308 $1,600,000 Jan 2022 5,520 SF

140 I, Independence, OR 97351-2308 $1,600,000 Dec 2021 5,520 SF

309 Ash, Independence, OR 97351-2100 $1,800,000 Feb 2021 11,616 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

Value Estimation
$940,000

10,320 SF

600 Arbor Ct

APARTMENT HOUSE (5+ UNITS)

600 Arbor Ct, Independence, OR 97351-1612

View Details
Value Estimation
$1,830,000

11,616 SF

309 Ash St

APARTMENT HOUSE (5+ UNITS)

309 Ash St, Independence, OR 97351-2100

View Details
Value Estimation
$320,000

12,039 SF

320 Evergreen Dr

APARTMENT HOUSE (5+ UNITS)

320 Evergreen Dr, Independence, OR 97351-1646

View Details
Value Estimation
$1,125,000

12,039 SF

280 Evergreen Dr

APARTMENT HOUSE (5+ UNITS)

280 Evergreen Dr, Independence, OR 97351-1645

View Details
Value Estimation
$1,205,000

13,298 SF

1630 Monmouth St, Unit 10

APARTMENT HOUSE (5+ UNITS)

1630 Monmouth St, Independence, OR 97351-1011

View Details
Value Estimation
$715,000

8,008 SF

430 13th St

APARTMENT HOUSE (5+ UNITS)

430 13th St, Independence, OR 97351-1101

View Details

Similar Nearby for Sale

New

$799,900

4,320 SF

Four-Unit Quadplex with Laundry Hookups

Each residence includes three bedrooms, one bath, and laundry connections.

224 C St, Independence, OR 97351

View Details
$775,000

3,384 SF

Four-Unit Quadplex with Parking

Four residential units offer consistent layouts, washer and dryer hookups, landscaped grounds, and on-site parking.

80 BOATLANDING St, Independence, OR 97351

View Details
$775,000

3,384 SF

Four-Unit Quadplex

Four residential units feature consistent two-bedroom layouts, full bathrooms, and in-unit washer and dryer hookups.

80-86 Boatlanding St, Independence, OR 97351

View Details
$475,000

2,332 SF

Townhome-Style Duplex

Two-story duplex with fenced outdoor areas, flexible living spaces, and separated bedroom accommodations.

1416 Falcon Loop, Independence, OR 97351

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800 4th St 10 Independence, OR 97351

Property summary