Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,555,000
Apartment buildings
1129 Washington St Portland, OR 97205-2330
Entity Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0903784
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1912
Total area
48,304 SF
Lot
0.25 ac (11,000 SF)
Zoning code
RXD
APN
1N1E33DD 01800
UPID
US71-0903784
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Washington Plaza Apartments Real Estate Agency
-
Washington Plaza Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.11M
Blend (final)
Blend
$3.56M
Owner & transaction history
Washington Plaza Inv LLC · 27 yrs held
Washington Plaza Inv LLC
since 1998
6 recorded transactions
Zoning & alternative use
RXD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.8M
+14.8%
Medical building
$14.6M
+13.6%
Retail stores
$14.5M
+12.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,845,000
Current use
AUTO REPAIR, GARAGE
$14,750,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$14,590,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$14,500,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$13,960,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,910,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$3.56M
Range $3.20M – $3.91M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$74 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$88,489
Tax year 2023
Assessed value
$3,342,520
Assessed 2023
Previous assessed
$3,245,170
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$4,675,000
Improvement market value
$12,767,340
Total market value
$17,442,340
Applied tax rate
885.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1912
Heating
NONE
Stories
1
Total area
48,304 SF
Lot
0.25 ac (11,000 SF)
Zoning code
RXD
APN
1N1E33DD 01800
UPID
US71-0903784
Jurisdiction
MULTNOMAH
Zoning & alternative use
RXD · Portland, ORZoning RXD · permitted uses
RXD · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$12.8M
AUTO REPAIR, GARAGE
Est. value
$14.8M
MEDICAL BUILDING
Est. value
$14.6M
RETAIL STORES
Est. value
$14.5M
OFFICE BUILDING
Est. value
$14.0M
COMMERCIAL (GENERAL)
Est. value
$13.9M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1912
Heating
NONE
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Washington Plaza Inv LLC
Entity
Mailing address
409 SW 11TH AVE, PORTLAND, OR 97205-2603
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2019
—
Washington Plaza Investment LLC
—
Deed
related
$2,200,000 · Onpoint Community Cu
Apr 10, 2018
—
Washington Plaza Inv LLC
—
Deed
related
$2,200,000 · Onpoint Cmnty Cu
Oct 13, 1998
$3,650,000
Washington Plaza Inv LLC
Northwest Properties LLC
Grant Deed
$2,550,000 · M & T Real Estate INC
Mar 4, 1997
$2,250,000
Northwest Properties LLC
Washington Plaza Oreg Ltd
Grant Deed
$1,865,000 · Sterling Savings Association
—
—
Washington Plaza Inv LLC
—
Deed Of Trust
related
$2,800,000 · M & T Realty Capital Corp
—
—
Washington Plaza Inv LLC
—
Deed Of Trust
related
$2,200,000 · Onpoint Cmnty Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1129 Washington St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
