Property profile

1407 27th Ave Portland, OR 97214

OFF-MARKET
Apartment buildings
Property ID
US71-0813421
5,384 SF 0.29 ac lot Built 1944
Trust Owned 13-yr Hold Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1944
Construction FRAME
Total area 5,384 SF
Lot 0.29 ac (12,800 SF)
Zoning code R1
APN 1S1E01BC 09200
UPID US71-0813421

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1407 27th Ave Portland, OR 97214-2973
Portland metro Census 1203 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.63M
Blend (final) Blend
$480k

Owner & transaction history

since 2013
3 recorded transactions
2023
Price N/A
2013
Price N/A
1969
Price N/A

Zoning & alternative use

R1 · Portland, OR
Top alternative use upside
Restaurant $1.8M +15.7%
Retail stores $1.7M +8.7%
Auto repair, garage $1.6M +3.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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