Property profile & analytics
1020 183rd Ave Portland, OR 97230-6751
- Apartment buildings
- 19,044 SF
- 1.68 lot acres
OFF-MARKET
Value Estimations
$4,350,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US71-0126369
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
- Apartment buildings
Property Details for 1020 183rd Ave
- Year built
- 1995
- Lot size
- 1.68 lot acres
- Property size
- 19,044 SF
- Zone code
- MDR12
- Property type
- Apartment buildings
- APN
- 1N3E32BB 04200
- APU
- 1N3E32BB04200
Description
This exceptional 28-unit apartment building in Gresham, Oregon presents a compelling investment opportunity. Located at 1020 NE 183rd Ave, this 30,520 square foot property sits on a 2.44-acre lot and boasts a 5.47% cap rate. Built in 1995, the complex comprises fourteen two-story buildings, offering spacious two-bedroom, two-and-a-half-bathroom units. Each unit features an attached garage with direct access, a fully equipped kitchen with dishwasher and garbage disposal, a breakfast nook, a utility room with washer/dryer hookups, ample closet space, a wood-burning fireplace, and a private backyard patio. Residents enjoy central heating and off-street parking. The property's prime location in north Gresham provides easy access to major employers like Boeing, Albertsons Distribution, Amazon, and Subaru, as well as significant retail options, schools, and parks. Its proximity to I-84 ensures convenient connectivity to the greater Portland metro area. The asking price is $5,675,000, representing $202,679 per unit and $186 per square foot. Average rent per unit is $1,090. This well-maintained property offers a strong potential for both immediate and long-term returns. The combination of desirable amenities, convenient location, and strong rental income makes this a truly attractive investment.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,351,000
- AI Estimate
- $4,351,000
Market price range: $3.03M - $7.52MMarket price range: $3.03M - $7.52M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $5,065,000 Current use
- RESTAURANT
- $6,520,000 Change: +29% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $5,815,000 Change: +15% Conversion: Difficult
- MEDICAL BUILDING
- $5,750,000 Change: +14% Conversion: Moderate
- RETAIL STORES
- $5,715,000 Change: +13% Conversion: Difficult
- OFFICE BUILDING
- $5,505,000 Change: +9% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $5,485,000 Change: +8% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.474
- Latitude
- 45.5302
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$27,820
$0.00
$0.00
$1,596,100
-
$730,000
$2,348,160
$3,078,160
