11255 Greenburg Rd Portland, OR 97223-5355
Property profile & analytics
11255 Greenburg Rd Portland, OR 97223-5355
- Apartment buildings
- 27,792 SF
- 1.61 lot acres
Property ID
US71-0560917
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.
Location Intelligence
Current Use by Public Records
- Tigardville Apartments / Apartment Building
Property Details for 11255 Greenburg Rd
- Year built
- 1969
- Lot size
- 1.61 lot acres
- Property size
- 27,792 SF
- Zone code
- R-12
- Property type
- Apartment buildings
- APN
- 1S135CA-00800
- APU
- 1S135CA00800
Description
This 36-unit apartment building presents a compelling value-add investment opportunity in Tigard, Oregon. Built in 1971, the property consists of six, two-story buildings totaling 32,739 square feet on a 1.6-acre lot. The complex features 35 two-bedroom, one-bathroom units averaging 877 square feet and one three-bedroom, two-bathroom unit. Current average rent for the two-bedroom units is approximately 12% below market rate, offering significant rental upside potential. Recent renovations include luxury vinyl plank flooring, custom interior paint, SmartLock keyless entry, stainless steel appliances, new cabinets, and updated lighting. Desirable amenities include a community pool, private yards, air conditioning, and on-site laundry facilities. The property is zoned R12 and is conveniently located near Downtown Tigard, offering residents easy access to shopping, dining, and transportation options, including proximity to the Beaverton Transit Center and Portland International Airport. This well-maintained property, with its substantial rental upside and attractive amenities, represents a strong investment opportunity in a thriving Oregon market. The property's location in Washington County, Oregon's second most populous county, further enhances its investment appeal.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,865,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,005,000
- 6.5%
- $5,540,000
- 7%
- $5,145,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,463,000
- AI Estimate
- $5,463,000
Market price range: $4.42M - $11.0MMarket price range: $4.42M - $11.0M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $7,390,000 Current use
- RESTAURANT
- $9,520,000 Change: +29% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $8,485,000 Change: +15% Conversion: Difficult
- MEDICAL BUILDING
- $8,395,000 Change: +14% Conversion: Moderate
- RETAIL STORES
- $8,345,000 Change: +13% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $8,070,000 Change: +9% Conversion: Moderate
- OFFICE BUILDING
- $8,030,000 Change: +9% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.78
- Latitude
- 45.4382
- 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
$35,275
$0.00
$0.00
$2,004,010
-
$990,000
$8,484,200
$9,474,200
