Entity Owned Property summary
Exceptional investment opportunity: North 88 Apartments, a stunning 84-unit multifamily complex in Redmond, Oregon, is currently offered at $25,000,000. This new construction property boasts an impressive 83% occupancy rate as of September 2024, up from 75% the previous month. Situated on 3.03 acres, the property comprises six, three and four-story buildings totaling 71,968 square feet of net rentable space. The units, ranging from 708 to 1,348 square feet, feature desirable amenities… including stainless steel appliances, in-unit washers and dryers, quartz countertops, and private balconies or patios. Many units also offer high ceilings, electric fireplaces, and extra storage. The property benefits from a prime location just two miles north of downtown Redmond, in a primarily residential area with nearby commercial and retail options. The current average rents exceed those of comparable projects, with one, two, and three-bedroom units averaging $2.29, $2.08, and $2.16 per square foot respectively. Lease terms vary from 6 to 12 months, with the majority being 12-month agreements. Current concessions include a $500 rent reduction and a reduced $500 deposit. The property is professionally managed, and an estimated cap rate of 5.22% is projected at the asking price, based on current rents and stabilized expenses. Construction features include a pitched composition shingle roof, double-paned vinyl windows, and cement fiber siding. The property also includes an on-site playground and off-street parking. With its strong performance, desirable amenities, and location in a rapidly growing market, North 88 Apartments presents a compelling investment opportunity. The property is zoned R4. The APN is 149854 & 284277.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 · 12 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 1.47 ac
- APN
- 151304 AB 00200
- Assessed value · 2023
- $586,130
- Annual tax · 2023
- $11,633
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
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