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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13719 Milburn St Portland, OR 97229

    • Residential income homes
    • 1,329 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1882902
    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

    • Residential income homes

    Property Details for 13719 Milburn St

    Year built
    1948
    Lot size
    0.22 lot acres
    Property size
    1,329 SF
    Property type
    Residential income homes

    Description

    This meticulously renovated single-family home presents a fantastic investment opportunity. Situated on a 0.22-acre lot in Portland, Oregon's desirable Washington County (zip code 97229), this 1,329 square foot property boasts two bedrooms, one updated bathroom, and a sizable bonus room—perfect for a home office, guest space, or additional living area. Built in 1948 and completely renovated in 2021, the home features hardwood floors, a fireplace, and a stunning updated kitchen complete with granite countertops, stainless steel appliances, a gas stove, and a sleek pot filler. The updated bathroom offers a spa-like experience. The expansive backyard includes garden beds, a storage shed, and a fenced area ideal for pets. A one-car garage provides additional storage space. The property offers easy freeway access, proximity to schools, downtown Portland, and local parks. No HOA fees. This turnkey property is listed at $525,000 and represents a compelling opportunity for a single-family rental investment. The property is a single-story building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.8187696
    Latitude
    45.5202095

    Comparable in this City

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    • $474,800

      Forest Heights Luxury Condo Retreat

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      Move-In Ready Condo in Portland

      Light-filled 2BD/2BA condo with modern amenities and convenient location.
      1771 NW 143Rd Ave, Portland, OR 97229
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    • $324,000
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      Move-In Ready Condo in Portland

      Spacious 2 bed, 2 bath condo near amenities and employers.
      595 NW Lost Springs Ter, Portland, OR 97229
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    • $319,000
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      Timberland Falls Condo with Patio

      Ground floor condo in Cedar Mill with private patio.
      11725 NW Winter Park Ter, Portland, OR 97229
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    • $1,200,000
      1.54 Acres

      Glenridge Residential Development Land

      Portland development opportunity: 1.54 acres.
      13330 Glenridge Dr, Portland, OR 97229
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    Similar Nearby for Sale

    • $324,000
      1,119 SF

      Move-In Ready Condo in Portland

      Spacious 2 bed, 2 bath condo near amenities and employers.
      595 NW Lost Springs Ter, Portland, OR 97229
      View Details
    • $390,000

      Bethany Village Condo with Updates

      Updated 2-bedroom condo in walkable Bethany Village neighborhood.
      15320 NW Central Dr, Portland, OR 97229
      View Details
    • $474,800

      Forest Heights Luxury Condo Retreat

      Modern 2-bedroom condo with panoramic views and premium finishes.
      3058 NW Montara Loop, Portland, OR 97229
      View Details
    • $289,500

      Move-In Ready Condo in Portland

      Light-filled 2BD/2BA condo with modern amenities and convenient location.
      1771 NW 143Rd Ave, Portland, OR 97229
      View Details
    • $319,000
      1,124 SF

      Timberland Falls Condo with Patio

      Ground floor condo in Cedar Mill with private patio.
      11725 NW Winter Park Ter, Portland, OR 97229
      View Details
    • $550,000

      Portland Residential Development Land

      Prime 0.46-acre lot, R9-12 zoning.
      13115 Glenridge Dr, Portland, OR 97229
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
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      Bethany Village Centre Retail Space

      Prime Bethany retail space, multiple units available.
      4756 Bethany Blvd, Portland, OR 97229
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    • Contact for pricing
      2,400 SF

      Retail Space in High-Traffic Center

      Retail space in high-traffic Portland center with strong demographics.
      455-575 NW Saltzman Rd, Portland, OR 97229
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    • $37 SF/Yr
      1,037 SF

      Retail Space on NW Cornell

      Retail space available for lease with high traffic volume.
      12923 NW Cornell Rd, Portland, OR 97229
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    • Contact for pricing
      1,200 SF

      Retail Space in Bethany Hub

      Prime location with high-performing anchor and strong tenant mix.
      4888 NW Bethany Blvd, Portland, OR 97229
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    • $42 SF/Yr
      16,234 SF

      Divisible Retail/Restaurant/Medical Space Available

      Retail, restaurant, or medical space available in established neighborhood.
      11780-11786 NW Cedar Falls Dr, Portland, OR 97229
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    • Contact for pricing
      47,050 SF

      Industrial Sublease in Corporate Park

      Industrial sublease with easy access to major transportation routes.
      4630 Northeast 166Th Ave, Portland, OR 97229
      View Details
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    13719 Milburn St
    Portland, OR 97229
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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