Financial
Distress signals
Property profile

1221 23rd Ave 1249 Portland, OR 97210

OFF-MARKET
Apartment buildings
Property ID
US71-0726595
13,142 SF 0.34 ac lot Built 1949
Last sale Oct 2022 · $3,220,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$38k
Tax billed · 2023
Assessed value$1.43M
Effective rate2.65%

Value estimate

· Sep 2026
$2.97M
$2.67M – $3.27M
CAP approach$2.60M
Submarket $/SF estimate$4.19M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$310/SF
ZIP average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$244 – $410
Qualifying comparables5

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?
CS
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service12.4
Daycare Center9.4
Laundromat9.0

Location

1221 23rd Ave, Unit 1249 Portland, OR 97210-2905
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2356 Irving, Portland, OR 97210-3243 $2,200,000 Dec 2025 11,284 SF
2186 Glisan, Portland, OR 97210-3468 $2,460,000 Jan 2025 17,664 SF
2386 Burnside, Portland, OR 97210-3539 $6,500,000 Aug 2024 15,860 SF
1834 25th, Portland, OR 97210-3849 $5,650,000 Mar 2024 16,682 SF
2146 Johnson, Portland, OR 97210-3250 $2,750,000 Dec 2021 10,683 SF
2250 Thurman, Portland, OR 97210-2519 $6,000,000 May 2021 11,138 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
6 properties of the same type nearby
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 1221 23rd Ave, Unit 1249?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message